Unilever 1999 Annual Report Download - page 54

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Additional information for United States investors
Unilever Group
Unilever’s consolidated accounts are prepared in accordance with accounting principles which differ in some respects from
those applicable in the United States. The following is a summary of the approximate effect on the Group’s net profit,
combined earnings per share and capital and reserves of the application of United States generally accepted accounting
principles (US GAAP).
Fl. million
1999 1998
Net profit as reported in the consolidated profit and loss account 6 106 6 488
US GAAP adjustments:
Goodwill (470) (437)
Identifiable intangibles (247) (240)
Restructuring costs 99 (412)
Interest (19) (54)
Pensions (28) 16
Taxation effect of above adjustments 47 244
Net decrease (618) (883)
Approximate net income under US GAAP 5 488 5 605
Approximate combined net income per share under US GAAP
Guilders per Fl. 1.12 (1998: Fl. 1) of ordinary capital 5.20 5.01
Pence per 1.4p (1998: 1.25p) of ordinary capital 23.35 22.84
Capital and reserves as reported in the consolidated balance sheet 17 105 10 464
US GAAP adjustments:
Goodwill 8 629 8 734
Identifiable intangibles 6 584 5 945
Restructuring costs 229 109
Interest 1 223 1 095
Pensions 408 491
Dividends 1 970 17 886
Taxation effect of above adjustments (2 265) (2 209)
Net increase 16 778 32 051
Approximate capital and reserves under US GAAP 33 883 42 515
Net gearing under US GAAP (%)
(a)
——
(a) See note (b) on page 52.
54 Additional Financial Information