Unilever 2000 Annual Report Download - page 102

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100
Unilever Annual Report & Accounts and Form 20-F 2000 Financial Statements
Additional information for United States investors
Unilever Group
United States SAB 101 ‘Revenue Recognition in Financial
Statements’ is effective for the fourth quarter of fiscal year 2000.
The SAB provides a summary of certain of the SEC staff’s views in
applying generally accepted accounting principles in the United
States to revenue recognition in financial statements. SAB 101 does
not have a material effect on Unilever’s financial position or results
of operations.
United States EITF 00-10 ‘Accounting for Shipping and Handling
Fees and Costs’ issued 21 November 2000 provides guidance on
accounting classification for shipping and handling revenues and
costs. EITF 00-10 did not have a material effect on Unilever’s
financial position or results of operations.
United States EITF 00-14 ‘Accounting for Certain Sales Incentives’
issued 21 November 2000 addresses the recognition, measurement,
and income statement classification for sales incentives offered
voluntarily by a vendor without charge to customers that can be
used in, or that are exercisable by a customer as a result of, a single
exchange transaction. The required implementation date of this
pronouncement has been deferred until 30 June 2001. Unilever is
currently assessing the impact on its reported turnover. There will
be no impact on net results.
United States EITF 00-16 ‘Recognition and M easurement of
Employer Payroll Taxes on Employee Stock-Based Compensation’
issued 12 October 2000 requires that payroll taxes incurred in
connection with stock-based compensation be recognised as an
expense upon exercise. Unilever recognises these payroll taxes,
which are not material, over the life of the share option in
accordance w ith UK accounting standards.
Acquisition of Bestfoods
The follow ing unaudited pro forma information gives effect to
the acquisition of Bestfoods as if it had taken place on 1 January
2000 and 1 January 1999 respectively. The unaudited pro forma
information does not purport to represent the results of
operations that would have been attained if the acquisition of
Bestfoods had taken place at the beginning of each of the years
presented, or that may be attained in the future.
€million (unaudited)
Year ended 31 December
2000 1999
Group turnover 53 216 47 467
Net profit 172 1 277
Combined earnings per share
Euros per Fl. 1.12 of ordinary capital 0.13 1.20
Euro cents per 1.4p of ordinary capital 1.94 18.04
Combined earnings per share – diluted
Euros per Fl. 1.12 of ordinary capital 0.13 1.17
Euro cents per 1.4p of ordinary capital 1.89 17.59
Documents on display in the United States
Unilever files reports and information with the United States
Securities and Exchange Commission (SEC), and such reports
and information can be inspected and copied at the SEC’s public
reference facilities in Washington DC, Chicago and New York.