Unilever 2004 Annual Report Download - page 134

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Unilever Annual Report and Accounts 2004 131
21 Capital and reserves
The following tables present combined disclosure of movements in capital and reserves of NV and PLC for the years 2004, 2003 and 2002 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 22, 23 and 24 on pages 132 and 133.
€ million € million € million € million € million
Share
Called up premium Other Profit
share capital account reserves retained Total
2004
1 January 2004 642 1 530 (2 442) 6 190 5 920
Result for the year retained – – – 33 33
Goodwill movements – – – 16 16
Actuarial gains/(losses) on pension schemes net of tax – – – (454) (454)
Change in book value of shares or certificates held
in connection with share options – – (331) 7 (324)
Share option credit(a) – – – 222 222
Currency retranslation – – 38 83 121
31 December 2004 642 1 530 (2 735) 6 097 5 534
2003
1 January 2003 642 1 541 (2 144) 4 663 4 702
Result for the year retained – – – 1 053 1 053
Goodwill movements – – – 135 135
Actuarial gains/(losses) on pension schemes net of tax – – – (28) (28)
Change in book value of shares or certificates held
in connection with share options – – (400) – (400)
Share option credit(a) – – – 208 208
Currency retranslation – (11) 102 159 250
31 December 2003 642 1 530 (2 442) 6 190 5 920
2002
1 January 2002 642 1 551 (1 663) 7 907 8 437
Result for the year retained – – – 435 435
Goodwill movements – – – 458 458
Actuarial gains/(losses) on pension schemes net of tax – – – (2 811) (2 811)
Change in book value of shares or certificates held
in connection with share options – – (556) – (556)
Share option credit(a) – – – 185 185
Unrealised gain on partial disposal of a group company – – – 56 56
Currency retranslation – (10) 75 (1 567) (1 502)
31 December 2002 642 1 541 (2 144) 4 663 4 702
(a) The share option credit relates to the reversal of the non-cash charge recorded against group operating profit and our share of the
operating profit of associates in respect of the fair value of share options awarded to employees.
€ million € million € million
2004 2003 2002
Profit retained as reported 6 097 6 190 4 663
Net liabilities in respect of funded pensions and similar obligations 1 177 1 139 1 386
Liabilities in respect of unfunded pensions and similar obligations 2 741 2 620 2 550
Profit retained excluding pensions and similar obligations 10 015 9 949 8 599
As required by UK Financial Reporting Standard 4 capital and reserves can be analysed as follows:
€ million € million
2004 2003
Equity:
Ordinary capital 4 032 4 418
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 5 534 5 920
Notes to the consolidated accounts
Unilever Group