Unilever 2002 Annual Report Download - page 77

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74 Notes to the consolidated accounts
Unilever Group
Unilever Annual Report & Accounts and Form 20-F 2002
1 Segmental information continued
Additional segmental information as required by US GAAP
Segmental information is provided in accordance with SFAS 131 on the basis of product categories. For management reporting purposes
Unilever uses a number of measures of segment performance at constant average rates of exchange (that is, the same rates as in the
preceding year). The internal management measure of profit which is most consistent with operating profit reported in the accounts is
‘Trading Result’. This measure differs from operating profit, mainly because it excludes amortisation of goodwill and intangibles and certain
exceptional items and includes depreciation on the basis of replacement cost. There are a number of additional adjustments, including the
application of an inflation charge on working capital and certain other statistical items which are added back in order to arrive at operating
profit. Tangible fixed assets are measured at depreciated replacement cost for management reporting purposes.
million million million million million million million million
Savoury Spreads and Health & Ice cream Home care &
and cooking wellness and and professional Personal Other
Analysis by operation (e) dressings products beverages frozen foods cleaning care operations Total
2002
Group turnover
At constant 2001 exchange rates 9 887 6 401 4 308 7 646 9 422 13 264 571 51 499
Exchange rate adjustments (615) (256) (244) (190) (857) (1 028) (39) (3 229)
At current 2002 exchange rates 9 272 6 145 4 064 7 456 8 565 12 236 532 48 270
Trading result at constant
2001 exchange rates:
Before exceptional items 1 602 1 021 641 943 979 2 322 16 7 524
Exceptional items (160) (174) (106) (226) (193) (166) 14 (1 011)
At constant 2001 exchange rates 1 442 847 535 717 786 2 156 30 6 513
Exchange rate adjustments (80) (13) (31) (13) (61) (180) (3) (381)
At current 2002 exchange rates 1 362 834 504 704 725 1 976 27 6 132
Amortisation of goodwill
and intangibles (1 245)
Other adjustments 154
Group operating profit 5 041
2001
Group turnover
At constant 2000 exchange rates 9 699 6 811 4 220 7 792 10 848 12 681 632 52 683
Exchange rate adjustments (102) (130) (70) (65) (416) (374) (12) (1 169)
At current 2001 exchange rates 9 597 6 681 4 150 7 727 10 432 12 307 620 51 514
Trading result at constant
2000 exchange rates:
Before exceptional items 1 674 1 038 556 818 863 2 286 25 7 260
Exceptional items 348 (265) (128) (329) (203) (31) 36 (572)
At constant 2000 exchange rates 2 022 773 428 489 660 2 255 61 6 688
Exchange rate adjustments (5) (2) (1) 5 (30) (74) (2) (109)
At current 2001 exchange rates 2 017 771 427 494 630 2 181 59 6 579
Amortisation of goodwill
and intangibles (1 387)
Other adjustments (18)
Group operating profit 5 174
2000
Group turnover
At constant 1999 exchange rates 5 512 6 160 3 184 7 398 9 439 11 321 779 43 793
Exchange rate adjustments 438 510 246 450 819 1 246 80 3 789
At current 2000 exchange rates 5 950 6 670 3 430 7 848 10 258 12 567 859 47 582
Trading result at constant
1999 exchange rates:
Before exceptional items 755 829 390 666 825 1 845 24 5 334
Exceptional items (d) (166) 1 (19) (385) (306) (1 058) 3 (1 930)
At constant 1999 exchange rates (d) 589 830 371 281 519 787 27 3 404
Exchange rate adjustments 56 45 30 19 34 45 (1) 228
At current 2000 exchange rates (d) 645 875 401 300 553 832 26 3 632
Amortisation of goodwill
and intangibles (435)
Other adjustments (16)
Group operating profit (d) 3 181
Please refer to footnotes on page 76.