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Unilever Annual Report & Accounts and Form 20-F 2002
80 Notes to the consolidated accounts
Unilever Group
7 Combined earnings per share continued
Millions of 1.4p share units
2002 2001 2000
Average ordinary capital: NV 3 810.5 3 810.5 3 810.5
PLC 2 911.5 2 911.5 2 911.5
less: shares held by employee share
trusts and companies (210.4) (169.7) (127.2)
Combined average number of share
units for all bases except diluted
earnings per share 6 511.6 6 552.3 6 594.8
add: shares issuable in 2038 157.5 157.5 157.5
add: shares under option 235.3 156.3 114.6
less: shares issuable at fair value (193.6) (132.7) (105.1)
Adjusted combined average number
of share units for diluted earnings
per share basis 6 710.8 6 733.4 6 761.8
Calculation of earnings:
million million million
2002 2001 2000
Net profit 2 129 1 838 1 105
less: preference dividends (42) (51) (44)
Net profit attributed to ordinary
capital for basic and diluted earnings
per share calculations 2 087 1 787 1 061
add: exceptional items net of tax 661 334 1 709
add: amortisation of goodwill and
intangibles net of tax 1 216 1 371 409
Net profit attributed to ordinary
capital before exceptional items
and amortisation 3 964 3 492 3 179
8 Dividends on ordinary capital
million million million
2002 2001 2000
Dividends on ordinary capital
Interim (537) (491) (475)
Final (1 122) (1 039) (939)
Total (1 659) (1 530) (1 414)

2002 2001 2000
Dividends per 0.51 share of
NV ordinary capital
Interim 0.55 0.50 0.48
Final 1.15 1.06 0.95
Total 1.70 1.56 1.43
Pence Pence Pence
2002 2001 2000
Dividends per 1.4p share of
PLC ordinary capital
Interim 5.21 4.65 4.40
Final 10.83 9.89 8.67
Total 16.04 14.54 13.07
Full details of dividends for the years 1998 to 2002 are given on
page 147.
9 Goodwill and intangible assets
No value is attributed to internally generated intangible assets.
Goodwill and identifiable intangible assets purchased after
1January 1998 are capitalised and amortised in operating profit
over the period of their expected useful life, up to a maximum
of 20 years. Goodwill and intangible assets purchased prior to
1January 1998 were written off in the year of acquisition
as a movement in profits retained.
Goodwill and intangible assets are subject to review for impairment
in accordance with United Kingdom FRS 11 ‘Impairment of Fixed
Assets and Goodwill’ and United States SFAS 142. Any impairment
is charged to the profit and loss account as it arises.
Intangible assets principally consist of trademarks.
million million
2002 2001
At cost less amortisation
Goodwill (a) 15 328 18 715
Intangible assets 4 946 6 249
20 274 24 964
million million
Movements during 2002 Intangible
Goodwill (a) assets
Cost
1 January 20 093 6 702
Additions/reductions –18
Acquisitions/disposals 282 (227)
Currency retranslation (3 030) (890)
31 December 17 345 5 603
Amortisation
1 January (1 378) (453)
Disposals 11 19
Charged to profit and loss account (b) (932) (313)
Currency retranslation 282 90
31 December (2 017) (657)
Net book value 31 December 15 328 4 946
(a) Restated for FRS 19, see note 18 on page 94.
(b) Including exceptional write down arising on
restructuring of 22 million.