Unilever 2006 Annual Report Download - page 127

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124 Unilever Annual Report and Accounts 2006
Financial Statements (continued)
Financial record Unilever Group
Financial record under IFRS
In the schedules below, figures within the income statement and for earnings per share reflect the classification between continuing and
discontinued operations which is applicable for our 2006 reporting. This classification differs from that which would have applied under our
reporting basis for 2005.
€million €million € million
Consolidated income statement 2006 2005 2004
Continuing operations:
Turnover 39 642 38 401 37 168
Operating profit 5408 5074 3 981
Net finance costs (721) (613) (623)
Income from non-current investments 144 55 95
Profit before taxation 4831 4516 3 453
Taxation (1 146) (1 181) (725)
Net profit from continuing operations 3685 3335 2 728
Net profit from discontinued operations 1330 640 213
Net profit 5015 3975 2 941
Attributable to:
Minority interests 270 209 186
Shareholders’ equity 4745 3766 2 755
€€ €
Combined earnings per share(a) 2006 2005 2004
Continuing operations
Basic earnings per share 1.19 1.07 0.87
Diluted earnings per share 1.15 1.04 0.84
Total operations
Basic earnings per share 1.65 1.29 0.94
Diluted earnings per share 1.60 1.25 0.91
€million €million € million
Consolidated balance sheet 2006 2005 2004
Non-current assets 27 571 28 358 26 368
Current assets 9501 11 142 10 490
Current liabilities (13 884) (15 394) (14 186)
Total assets less current liabilities 23 188 24 106 22 672
Non-current liabilities 11 516 15 341 15 043
Shareholders’ equity 11 230 8361 7 264
Minority interests 442 404 365
Total equity 11 672 8765 7 629
Total capital employed 23 188 24 106 22 672
€million €million € million
Consolidated cash flow statement 2006 2005 2004
Net cash flow from operating activities 4 511 4353 5 547
Net cash flow from/(used in) investing activities 1155 515 (120)
Net cash flow from/(used in) financing activities (6 572) (4 821) (5 938)
Net increase/(decrease) in cash and cash equivalents (906) 47 (511)
Cash and cash equivalents at the beginning of the year 1265 1406 1 428
Effect of foreign exchange rates 351 (188) 489
Cash and cash equivalents at the end of the year 710 1265 1 406
Ratios and other metrics 2006 2005 2004
Operating margin (%) 13.6 13.2 10.7
Net profit margin (%)(b) 12.0 9.8 7.4
Ungeared free cash flow (€ million)(c) 4222 4011 5 346
Return on invested capital (%)(c) 14.6 12.5 10.7
Ratio of earnings to fixed charges (times)(d) 7.5 6.5 5.1
(a) For the basis of the calculations of combined earnings per share see note 7 on page 87.
(b) Net profit margin is expressed as net profit attributable to shareholders’ equity as a percentage of turnover from continuing operations.
(c) As defined on page 25.
(d) In the ratio of earnings to fixed charges, earnings consist of net profitfrom continuing operations excluding net profit or loss of joint
ventures and associates increased by fixed charges, income taxes and dividends received from joint ventures and associates. Fixed charges
consist of interest payable on debt and aportion of lease costs determined to be representative of interest. This ratio takes no account of
interest receivable although Unilever’streasury operations involve both borrowing and depositing funds.