Unilever 2005 Annual Report Download - page 151

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Financial Statements
Unilever Annual Report and Accounts 2005 151
Notes to the consolidated accounts
Unilever Group
150 Unilever Annual Report and Accounts 2005
Notes to the consolidated accounts
Unilever Group
Unilever Annual Report and Accounts 2005 151150 Unilever Annual Report and Accounts 2005
Notes to the consolidated accounts
Unilever Group
35 First time adoption of International Financial Reporting Standards (continued)
Reconciliation of equity at 31 December 2004 and 1 January 2005
€ million € million € million € million € million € million € million € million € million € million € million € million € million € million € million
Previously Goodwill and Restated Restated
reported indefinite- under Financial Non-current under
under previous lived Pensions Deferred tax Tax Joint Total effect IFRSs at instruments assets and asset IFRSs at
GAAP at intangible Biological and similar restatement reclassifying ventures and of transition 31 December (including groups held 1 January
31 December 2004 assets Software assets obligations effect effect associates Dividends Other to IFRSs 2004 preference shares) for sale 2005
Non-current assets
Goodwill 11 508 575–––– ––––57512 083–(133) 11 950
Intangible assets 3 830 928 166––– ––––1 0944 924–(60) 4 864
Property, plant and equipment 6 271 – – (36) – – – – – (54) (90) 6 181 – (130) 6 051
Biological assets – – – 33 – – ––––3333––33
Joint ventures and associates 54––––– –––––54––54
Other non-current investments 148–––174– –––376550698–(1)697
Pension asset for funded schemes in surplus 456–––(39) – 208–––169625––625
Trade and other receivables due after more
than one year 1 198––––– (973)––54(919)279468–747
Deferred tax assets –––––– 1 491–––1 4911 491––1 491
Total non-current assets 23 465 1 503 166 (3) 135 – 726 – – 376 2 903 26 368 468 (324) 26 512
Assets held for sale n/a – 375 375
Current assets
Inventories 3 758––––– –––(2)(2)3 756–(16) 3 740
Trade and other current receivables 4 505––––– –––(374) (374) 4 131 581 (27) 4 685
Other financial assets 1 016––––– –––(3)(3)1 013(480)–533
Cash and cash equivalents 1 587––––– –––331 590–(8)1 582
Total current assets 10 866––––– –––(376) (376) 10 490 101 (51) 10 540
Current liabilities
Borrowings due after more than one year (5 155) ––––– –––––(5 155)(1 293)–(6 448)
Trade payables and other current liabilities (9 415) ––––– 686–1 215–1 901(7 514)(71) 14 (7 571)
Current tax liabilities –––––– (686)––(32) (718) (718) – – (718)
Restructuring and other provisions –––––– –––(799) (799) (799) – – (799)
Total current liabilities (14 570) ––––– ––1 215(831) 384 (14 186) (1 364) 14 (15 536)
Net current assets/(liabilities) (3 704)––––– ––1 215(1 207)8(3 696)(1 263)(37) (4 996)
Total assets less current liabilities 19 761 1 503 166 (3) 135 – 726 – 1 215 (831) 2 911 22 672 (795) 14 21 891
Non-current liabilities
Borrowings due after more than one year 6 893––––– –––––6 893328–7 221
Trade payables and other liabilities due after
more than one year 717––––– (278)–––(278)439(5)–434
Non-current tax liabilities –––––– 278–––278278––278
Pension liability for funded schemes in deficit 1 681–––43– 615–––6582339––2339
Pension liability for unfunded schemes 2 693–––143– 904–––1 0473740–(3)3737
Restructuring and other provisions 1 370 (6) – – – – – – (799) (805) 565 – (2) 563
Deferred tax liabilities 511 (33) 50 1 (15) 1 068 (793) – – – 278 789 (4) – 785
Total non-current liabilities 13 865 (39) 50 1 171 1 068 726 – – (799) 1 178 15 043 319 (5) 15 357
Liabilities held for sale n/a – 19 19
Shareholders’ equity
Called up share capital 642––––– –––––642(130) – 512
Share premium account 1 530––––– –––––1 530(1 372)–158
Other reserves (2 735)––––– –––180180(2 555)(19) – (2 574)
Retained profit 6 097 1 540 115 (4) (36) (1 068) – – 1 215 (212) 1 550 7 647 407 – 8 054
Total shareholders’ equity 5 534 1 540 115 (4) (36) (1 068) – – 1 215 (32) 1 730 7 264 (1 114) – 6 150
Minority interests 362 2 1 – – – ––––3365––365
Total equity 5 896 1 542 116 (4) (36) (1 068) – – 1 215 (32) 1 733 7 629 (1 114) – 6 515
Total capital employed 19 761 1 503 166 (3) 135 – 726 – 1 215 (831) 2 911 22 672 (795) 14 21 891