Unilever 2002 Annual Report Download - page 121

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118 Additional information for US investors
Unilever Group
Unilever Annual Report & Accounts and Form 20-F 2002
Unilever´s consolidated accounts are prepared in accordance with accounting principles which differ in some respects from those applicable
in the United States. The following is a summary of the effect on the Group’s net profit, combined earnings per share and capital and
reserves of the application of United States generally accepted accounting principles (US GAAP).
€ million €million €million
2002 2001 2000
Net profit as reported in the consolidated profit and loss account 2 129 1 838 1 105
Attributable to: NV 1 681 817 675
PLC 448 1 021 430
US GAAP adjustments:
Currency retranslation written back on disposals (22) –115
Goodwill 1 074 (124) (45)
Identifiable intangibles 284 (118) (128)
Restructuring costs 34 (18) 76
Interest (77) (55) (68)
Derivative financial instruments 201 (119) –
Pensions and similar liabilities 143 –95
Gain on partial disposal of a group company 56 ––
Taxation effect of above adjustments (35) 108 116
Net increase/(decrease) 1 658 (326) 161
Net income under US GAAP before cumulative effect of change
in accounting principles for pensions and derivative financial instruments 3 787 1 512 1 266
Cumulative effect of change in accounting principle net of tax charge
of 249 million in 2002 and tax benefit of 3 million in 2001 522 (6) –
Net income under US GAAP 4 309 1 506 1 266
Attributable to: NV 3 220 540 832
PLC 1 089 966 434
Combined net income per share under US GAAP before cumulative
effect of change in accounting principles
Euros per 0.51 of ordinary capital 3.83 1.49 1.24
Euro cents per 1.4p of ordinary capital 57.49 22.30 18.53
Combined diluted net income per share under US GAAP before
cumulative effect of change in accounting principles
Euros per 0.51 of ordinary capital 3.72 1.45 1.20
Euro cents per 1.4p of ordinary capital 55.78 21.70 18.07
Cumulative effect of change in accounting principles –
combined net income per share
Euros per 0.51 of ordinary capital 0.53 (0.01) –
Euro cents per 1.4p of ordinary capital 8.02 (0.09) –
Cumulative effect of change in accounting principles –
diluted combined net income per share
Euros per 0.51 of ordinary capital 0.52 (0.01) –
Euro cents per 1.4p of ordinary capital 7.78 (0.09) –