Unilever 2002 Annual Report Download - page 99

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96 Notes to the consolidated accounts
Unilever Group
Unilever Annual Report & Accounts and Form 20-F 2002
20 Capital and reserves
From 1 January 2002, Unilever has adopted UK Financial Reporting Standard 19 (FRS 19) ‘Deferred Tax’ which requires full provision to be
made for deferred taxes. The impact of the adoption of FRS 19 was as follows:
million million million
As at As at As at
31 December 31 December 31 December
2001 2000 1999
Shareholders’ equity as previously reported 7 195 8 169 7 761
Accounting policy change (202) (195) (306)
Shareholders’ equity as restated 6 993 7 974 7 455
The table below presents combined disclosure of movements in capital and reserves of NV and PLC for the years 2002, 2001 and 2000 in
order to show these changes for the Unilever Group as a whole. This information does not reflect the separate legal status of NV and PLC;
information on capital and reserves attributable to each of NV and PLC is given in notes 21 and 23 on pages 97 and 98.
million million million million million
Called up Share premium
share capital account Other reserves Profit retained Total
2002 (a)
1 January 2002 642 1 551 (1 617) 6 417 6 993
Result for the year retained –––428428
Goodwill movements –––458458
Unrealised gain on partial disposal of a group company –––5656
Currency retranslation –(10) 75 (1 582) (1 517)
Change in book value of shares or certificates held
in connection with share options ––(551) – (551)
31 December 2002 642 1 541 (2 093) 5 777 5 867
2001 (a)
1 January 2001 642 1 548 (1 167) 6 951 7 974
Result for the year retained – – – 257 257
Goodwill movements – – – 274 274
Currency retranslation – 3 (14) (1 065) (1 076)
Change in book value of shares or certificates held
in connection with share options – – (436) – (436)
31 December 2001 642 1 551 (1 617) 6 417 6 993
2000 (a)
1 January 2000 642 1 547 (971) 6 237 7 455
Result for the year retained – – – (353) (353)
Goodwill movements (b) –––1 314 1 314
Currency retranslation – 1 (12) (247) (258)
Change in book value of shares or certificates held
in connection with share options – – (184) – (184)
31 December 2000 642 1 548 (1 167) 6 951 7 974
As required by UK Financial Reporting Standard 4 capital and reserves can be analysed as follows:
million million
2002 2001
Equity:
Ordinary capital 4 365 5 491
Non-equity:
7% Cumulative Preference 13 13
6% Cumulative Preference 73 73
4% Cumulative Preference 34 34
5 euro cents Cumulative Preference 1 382 1 382
Total non-equity 1 502 1 502
Total capital and reserves 5 867 6 993
(a) Restated for FRS 19, see note 18 on page 94.
(b) Includes 980 million written back in 2000 in respect of the agreed disposal of Elizabeth Arden.