Unilever 2000 Annual Report Download - page 71

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69
Unilever Annual Report & Accounts and Form 20-F 2000 Financial Statements
Notes to the consolidated accounts
Unilever Group
Unilever Annual Report & Accounts and Form 20-F 2000Unilever Annual Report & Accounts and Form 20-F 2000
22 Profit retained
million
NV PLC
2000 1999 1998 2000 1999 1998
Net profit 675 1 761 1 658 430 1 010 1 286
Preference dividends (44) (20) (7) ———
Normal dividends on ordinary capital (803) (709) (723) (611) (536) (514)
Special dividend (4 212) (3 218)
Result for the year retained (172) 1 032 (3 284) (181) 474 (2 446)
Goodwill movements 917 25 (82) 276 13 85
Currency retranslation (379) 276 (338) 142 104 (277)
Net movement during the year 366 1 333 (3 704) 237 591 (2 638)
Profit retained – 1 January 4 670 3 337 7 041 1 873 1 282 3 920
Profit retained – 31 December 5 036 4 670 3 337 2 110 1 873 1 282
Of w hich retained by:
Parent companies 2 375 2 170 1 084 1 499 1 456 875
Other group companies 2 656 2 493 2 252 609 416 405
Joint ventures 571212
5 036 4 670 3 337 2 110 1 873 1 282
Cumulative goodw ill written off directly to reserves (5 648) (6 565) (6 590) (2 481) (2 757) (2 770)
23 Other reserves
Adjustment on translation of PLC‘s ordinary capital at
£1 = Fl. 12 ———(157) (157) (164)
Capital redemption reserve ———18 18 16
Book value of shares or certificates held in connection
with share options (a) (553) (364) (226) (475) (468) (287)
(553) (364) (226) (614) (607) (435)
(a) Under UITF 13 these shares w ould be classified as fixed assets.
24 Commitments
2000 1999 1998
Long-term lease commitments under operating leases in respect of:
Land and buildings 1 777 1 227 1 207
Other tangible fixed assets 793 440 428
2 570 1 667 1 635
The commitments fall due as follow s:
Within 1 year 488 331 321
After 1 year but within 2 years 414 266 274
After 2 years but within 3 years 347 219 217
After 3 years but within 4 years 308 187 186
After 4 years but within 5 years 266 173 165
After 5 years 747 491 472
2 570 1 667 1 635
Other commitments 310 255 251
Of w hich payable within one year 82 69 85
25 Contingent liabilities
Contingent liabilities amounted to some 450 million (1999: 181 million) of which 210 million relates to guarantees. These guarantees
are not expected to give rise to any material loss. Guarantees given by parent or group companies relating to liabilities included in
the consolidated accounts are not included. Other contingent liabilities arise in respect of litigation against companies in the Group,
investigations by competition authorities and obligations under environmental legislation in various countries. These are not expected
to give rise to any material loss.