Unilever 1999 Annual Report Download - page 11

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Consolidated cash flow statement
for the year ended 31 December
Unilever Group
Fl. million
1999 1998
Cash flow from operating activities 26 12 460 9 948
Dividends from joint ventures 61 53
Returns on investments and servicing of finance 27 (344) 148
Taxation (3 180) (2 779)
Capital expenditure and financial investment 27 (3 307) (3 083)
Acquisitions and disposals 27 (799) 744
Dividends paid on ordinary share capital (2 791) (2 365)
Special dividend (13 427)
Cash flow before management of liquid resources and financing (11 327) 2 666
Management of liquid resources 27 12 509 (4 413)
Financing 27 (322) 92
Increase/(decrease) in cash in the period 860 (1 655)
Reconciliation of cash flow to movement in net funds/(debt)
Net funds/(debt) at 1 January 28 12 735 10 625
Increase/(decrease) in cash in the period 860 (1 655)
Cash flow from decrease/(increase) in borrowings 332 (55)
Cash flow from (decrease)/increase in liquid resources (12 509) 4 413
Change in net funds resulting from cash flows (11 317) 2 703
Borrowings within group companies acquired (63) (37)
Borrowings within group companies sold 10 7
Liquid resources within group companies acquired 6—
Liquid resources within group companies sold —(4)
Non cash movements (465) (22)
Currency retranslation 602 (537)
(Decrease)/increase in net funds in the period (11 227) 2 110
Net funds/(debt) at 31 December 28 1 508 12 735
11 Unilever Annual Accounts 1999