Unilever 2004 Annual Report Download - page 106
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Unilever Annual Report and Accounts 2004 103
1 Segmental information (continued)
€ million € million € million € million € million € million € million € million € million € million
Spreads Ice cream Total
Savoury and and Home and
and cooking frozen Total Home Personal Personal Other
Analysis by operation dressings products Beverages foods Foods care care Care operations Total
2002
Turnover 9 503 6 216 4 215 7 456 27 390 8 579 12 245 20 824 546 48 760
Less: Share of turnover of joint ventures (231) (71) (151) – (453) (14) (9) (23) (14) (490)
Group turnover 9 272 6 145 4 064 7 456 26 937 8 565 12 236 20 801 532 48 270
Group operating profit 399 768 347 569 2 083 837 2 045 2 882 42 5 007
After charging:
Exceptional items 9 (167) (99) (237) (494) (64) (149) (213) – (707)
Amortisation of goodwill
and intangible assets (1 051) (17) (119) (27) (1 214) (17) (13) (30) (1) (1 245)
Add: Share of operating profit
of joint ventures 28 19 36 – 83 (1) 3 2 (1) 84
Operating profit(a)(b) 427 787 383 569 2 166 836 2 048 2 884 41 5 091
After charging:
Exceptional items 8 (161) (99) (237) (489) (64) (149) (213) – (702)
Amortisation of goodwill
and intangible assets (1 064) (19) (120) (27) (1 230) (17) (13) (30) (1) (1 261)
Share of operating profit
of associates –––––34–34–34
Net operating assets
2004 14 058 1 462 1 588 1 906 19 014 736 1 032 1 768 129 20 911
2003 15 624 1 949 2 550 2 346 22 469 951 1 229 2 180 272 24 921
(a) Please refer to footnote on page 102.
(b) Please refer to footnote on page 102.
Additional segmental information as required for US reporting
Segmental information is provided on the following pages in accordance with SFAS 131 on the basis of the product categories described on
page 102.
Unilever has reviewed the extent of its business with major customers. As a result, Unilever has concluded that it has no major customers that
would require separate disclosure during the reporting periods covered by this filing.
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 differs from operating profit, mainly because Trading Result includes a number of other
adjustments, including the application of an inflation charge on working capital which is added back to arrive at operating profit, and certain
other statistical items.
Notes to the consolidated accounts
Unilever Group