Unilever 1999 Annual Report Download - page 51

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Five year record
Unilever Group
Consolidated profit and loss account
Fl. million
1995 1996 1997 1998 1999
Turnover 79 703 87 795 94 597 89 112 90 296
Operating profit 6 382 7 518 7 563 9 718 9 482
Non-operating exceptional items
(a)
— — 7 998 — —
Income from fixed investments 120 89 85 82 114
Interest (645) (657) (230) 344 (30)
Profit on ordinary activities before taxation 5 857 6 950 15 416 10 144 9 566
Profit on ordinary activities after taxation 3 882 4 419 11 231 6 806 6 549
Net profit 3 718 4 205 10 923 6 488 6 106
Combined earnings per share
(b)(c)
Guilders per Fl. 1.12 (1998-1995: Fl. 1) of ordinary capital 3.32 3.76 9.78 5.80 5.80
Pence per 1.4p (1998-1995: 1.25p) of ordinary capital 19.70 21.54 44.74 26.45 26.01
Ordinary dividends
(b)
NV
– Guilders per Fl. 1.12 (1998-1995: Fl. 1) of ordinary capital 1.55 1.75 2.23 2.51 2.79
PLC
– Pence per 1.4p (1998-1995: 1.25p) of ordinary capital 7.35 8.01 8.42 10.70 12.50
Special ordinary dividends
NV – Guilders per Fl. 1 of ordinary capital 14.50
PLC – Pence per 1.25p of ordinary capital 66.13
Consolidated balance sheet
Fixed assets
(e)
22 042 23 902 20 375 18 995 21 171
Stocks 10 683 11 573 10 378 10 461 11 291
Debtors 11 757 13 562 15 352 14 849 16 935
Trade and other creditors
(f)
(16 675) (18 644) (20 039) (36 170) (22 428)
27 807 30 393 26 066 8 135 26 969
Net (funds)/debt
(d)
4 703 5 014 (10 625) (12 735) (1 508)
Provisions for liabilities and charges 8 220 9 014 10 918 9 507 10 097
Minority interests 895 1 015 1 039 899 1 275
Capital and reserves
(f)
13 989 15 350 24 734 10 464 17 105
27 807 30 393 26 066 8 135 26 969
(a) Non-operating exceptional items in 1997 includes Fl. 8 482 million profit on sale of speciality chemicals businesses.
(b) Figures for earnings per share and dividends have been restated to reflect the four-for-one share split in October 1997.
(c) For the basis of the calculations of combined earnings per share including the treatment of the 1999 share consolidations see
note 29 on page 27.
(d) Net (funds)/debt comprises borrowings less cash and current investments.
(e) Includes goodwill and intangibles purchased after 1 January 1998.
(f) 1998 includes the special dividend of Fl. 16 014 million assuming all shareholders had taken the cash dividend. Capital and
reserves in 1999 reflect the increase of £3 045 million as a result of the preference shares issued.
51 Additional Financial Information