Unilever 2005 Annual Report Download - page 132

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Financial Statements
Unilever Annual Report and Accounts 2005 129
Notes to the consolidated accounts
Unilever Group
29 Assets held for sale and discontinued operations
Following the announcement on 11 July 2005 of the completion of the sale of Unilever Cosmetics International (UCI) to Coty Inc., United
States, the results of UCI have been presented as discontinued operations.
An analysis of the result of discontinued operations, and the result recognised on disposal of discontinued operations is as follows:
€ million € million
Income statement of discontinued operations 2005 2004
Turnover 230 542
Expenses (208) (469)
Operating profit before taxation 22 73
Taxation (7) (26)
Profit after taxation 15 47
Gain/(loss) on disposal of discontinued operations 498 –
Recycling of currency retranslation upon disposal 5–
Taxation arising on disposal (45) –
Gain/(loss) after taxation on disposal 458 –
Net profit from discontinued operations 473 47
Combined earnings per share from discontinued operations
Basic earnings per share:
Euros per €0.51 of ordinary capital 0.49 0.05
Euro cents per 1.4p of ordinary capital 7.30 0.74
On a diluted basis the figures would be:
Euros per €0.51 of ordinary capital 0.47 0.05
Euro cents per 1.4p of ordinary capital 7.07 0.70
€ million € million
Segment analysis of discontinued operations 2005 2004
Turnover
Europe 126 304
The Americas 102 231
Asia Africa 27
230 542
Operating profit
Europe 122
The Americas 20 47
Asia Africa 14
22 73
All these amounts relate to the personal care segment.
€ million € million
Cash flow statement of discontinued operations 2005 2004
Net cash flow from/(used in) operating activities (102) 94
Net cash flow from/(used in) investing activities 623 (2)
Net cash flow from/(used in) financing activities ––
Net increase/(decrease) in cash and cash equivalents 521 92