Unilever 2005 Annual Report Download - page 149

Financial Statements
Unilever Annual Report and Accounts 2005 147
Notes to the consolidated accounts
Unilever Group
146 Unilever Annual Report and Accounts 2005
Notes to the consolidated accounts
Unilever Group
Unilever Annual Report and Accounts 2005 147Unilever Annual Report and Accounts 2005 147
Notes to the consolidated accounts
Unilever Group
35 First time adoption of International Financial Reporting Standards (continued)
Reconciliation of equity at the transition date of 1 January 2004
€ million € million € million € million € million € million € million € million € million € million € million € million
Goodwill and
Previously indefinite-
reported lived Pensions Deferred tax Tax Joint Total effect Restated
under previous intangible Biological and similar restatement reclassifying ventures and of transition under
GAAP assets Software assets obligations effect effect associates Dividends Other to IFRSs IFRSs
Non-current assets
Goodwill 13 457 4 – – ––––––413 461
Intangible assets 4 256 749 103 – ––––––8525 108
Property, plant and equipment 6 655 – – (40) –––––(58) (98) 6 557
Biological assets – – – 29 ––––––2929
Joint ventures and associates 56––– –––––––56
Other non-current investments 143––– 182––––378560703
Pension asset for funded schemes in surplus 490––– (49) – 252–––203693
Trade and other receivables due after more than one year 799––– ––(637)––58(579) 220
Deferred tax assets –––– ––1 155–––1 1551 155
Total non-current assets 25 856 753 103 (11) 133 – 770 – – 378 2 126 27 982
Current assets
Inventories 4 175––– –––––(1)(1)4 174
Trade and other current receivables 5 082––– –––––(375) (375) 4 707
Other financial assets 1 491––– –––––1061061 597
Cash and cash equivalents 1 854––– –––––(106) (106) 1 748
Total current assets 12 602––– –––––(376) (376) 12 226
Current liabilities
Borrowings due within one year (7 434) – – – –––––––(7 434)
Trade payables and other current liabilities (9 640) – – – – – 728 – 1 120 (2) 1 846 (7 794)
Current tax liabilities –––– ––(728)–––(728) (728)
Total current liabilities (17 074) – – – ––––1 120(2)1 118(15 956)
Net current assets/(liabilities) (4 472) – – – ––––1 120(378) 742 (3 730)
Total assets less current liabilities 21 384 753 103 (11) 133 – 770 – 1 120 – 2 868 24 252
Non-current liabilities
Borrowings due after more than one year 8 466––– –––––––8 466
Trade payables and other liabilities due after more than one year 664––– ––(330)–––(330) 334
Non-current tax liabilities –––– ––330–– 330330
Pension liability for funded schemes in deficit 1 629––– 14–664–––6782 307
Pension liability for unfunded schemes 2 620––– 153–780–––9333 553
Restructuring and other provisions 898––– –––––––898
Deferred tax liabilities 747 – 33 (1) (11) 1 095 (674) – – – 442 1 189
Total non-current liabilities 15 024 – 33 (1) 156 1 095 770 – – – 2 053 17 077
Shareholders’ equity
Called up share capital 642––– –––––––642
Share premium account 1 530––– –––––––1 530
Other reserves (2 442) – – – –––––––(2 442)
Retained profit 6 190 753 69 (8) (23) (1 095) – – 1 120 – 816 7 006
Total shareholders’ equity 5 920 753 69 (8) (23) (1 095) – – 1 120 – 816 6 736
Minority interests 440 – 1 (2) ––––––(1)439
Total equity 6 360 753 70 (10) (23) (1 095) – – 1 120 – 815 7 175
Total capital employed 21 384 753 103 (11) 133 – 770 – 1 120 – 2 868 24 252