Unilever 2004 Annual Report Download - page 103

Download and view the complete annual report

Please find page 103 of the 2004 Unilever annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 192

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192

100 Unilever Annual Report and Accounts 2004
Consolidated statement of total recognised gains and losses
Unilever Group for the year ended 31 December
€ million € million € million
2004 2003 2002
Net profit 1 876 2 762 2 136
Unrealised gain on partial disposal of a group company ––56
Pensions and similar obligations: 18
Net actuarial gains/(losses) recognised (691) 148 (4 152)
Deferred taxation thereon 237 (176) 1 341
Currency retranslation 83 159 (1 567)
Total recognised gains/(losses) for the year 1 505 2 893 (2 186)
Consolidated cash flow statement
Unilever Group for the year ended 31 December
€ million € million € million
2004 2003 2002
Cash inflow from group operating activities 27 6 853 6 780 7 883
Dividends received from joint ventures 60 52 83
Returns on investments and servicing of finance 28 (807) (1 180) (1 386)
Taxation (1 378) (1 423) (1 817)
Capital expenditure and financial investment 28 (1 044) (1 024) (1 706)
Acquisitions and disposals 28 316 622 1 755
Dividends paid on ordinary share capital (1 720) (1 715) (1 580)
Cash inflow before management of liquid resources and financing 2 280 2 112 3 232
Management of liquid resources 28 (31) (41) (592)
Financing 28 (2 921) (2 917) (3 078)
Decrease in cash in the year (672) (846) (438)
Reconciliation of cash flow to movement in net debt
€ million € million € million
2004 2003 2002
Net debt at 1 January 29 (12 555) (16 966) (23 199)
Decrease in cash in the year (672) (846) (438)
Cash flow from decrease in borrowings 3 042 2 909 3 087
Cash flow arising in connection with finance leases (128) ––
Cash flow from increase in liquid resources 31 41 592
Change in net debt resulting from cash flows 2 273 2 104 3 241
Borrowings within group companies acquired –(25) (77)
Borrowings within group companies sold 41 520
Liquid resources within group companies sold (2) (3) (1)
Non-cash movements (319) 690 1 467
Currency retranslation 899 1 640 1 583
Decrease in net debt in the year 2 892 4 411 6 233
Net debt at 31 December 29 (9 663) (12 555) (16 966)