Unilever 2002 Annual Report Download - page 94

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Notes to the consolidated accounts 91
Unilever Group
Unilever Annual Report & Accounts and Form 20-F 2002
Financial Statements
17 Pensions and similar obligations continued
Profit and loss account
Had FRS 17 been adopted in the preparation of the Group’s financial statements, the profit and loss account would have been as follows:
million million
2002 2001
Charged to operating profit:
Defined benefit pension and other benefit plans:
Current service cost (364) (384)
Special termination benefits (96) (79)
Past service cost 9(16)
Gains on settlements/curtailments 119 9
Operating gain on irrecoverable surplus 7–
Defined contribution plans (26) (24)
Total operating cost (351) (494)
Charged to interest:
Interest on retirement benefits (1 072) (1 121)
Exceptional financing loss on recoverable surplus –(128)
Expected return on assets 1 180 1 291
Total interest cost 108 42
Net impact on the profit and loss account (before tax) (243) (452)
Statement of total recognised gains and losses
Had FRS 17 been adopted in the preparation of the Group’s financial statements, the following amounts would have been recognised in the
statement of total recognised gains and losses:
million million
2002 2001
Actual return less expected return on pension and other benefit plan assets (3 276) (2 343)
Experience gains/(losses) arising on pension plan and other benefit plan liabilities (95) 197
Changes in assumptions underlying the present value of the pension and other benefit plan liabilities (952) (198)
Actuarial gain/(loss) to be recognised in statement of total recognised gains and losses (4 323) (2 344)
Reconciliation of change in surplus/deficit
Movements in surplus/deficit during the year:
million million
2002 2001
Surplus/(deficit) at beginning of the year (1 520) 1 126
Movements in year
Current service cost (364) (384)
Special termination benefits (96) (79)
Past service costs 9(16)
Settlements/curtailments 119 9
Other finance income 108 42
Actuarial gain/(loss) (4 323) (2 344)
Contributions 400 138
Currency retranslation 372 (12)
Surplus/(deficit) at end of the year (5 295) (1 520)
History of experience gains and losses
%%
2002 2001
Actual return less expected return on plan assets:
% of plan assets at beginning of year (19) (12)
Experience gains/(losses) on plan liabilities:
% of present value of plan liabilities at beginning of year (1) 1
Total actuarial gain/(loss):
% of present value of plan liabilities at beginning of year (23) (13)