Unilever 2003 Annual Report Download - page 110

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Unilever Annual Report & Accounts and Form 20-F 2003 107
Notes to the consolidated accounts
Unilever Group
18 Deferred taxation
Following the adoption of the new pension accounting standard (FRS 17) with effect from 1 January 2003, deferred tax balances in respect of
pensions are now reported as a separate component of the pensions balances and no longer aggregated with the rest of the deferred tax
balances. This treatment has resulted in a decrease of the opening deferred tax liability balance of €129 million and the deferred tax asset
balance of €820 million.
€ million € million
2003 2002
Restated
Deferred taxation on:
Accelerated depreciation 859 877
Stock reliefs 31 41
Short-term and other timing differences (780) (1 015)
110 (97)
Less: asset balances reclassified as debtors due after more than one year 13 637 472
747 375
Movements in deferred taxation:
1 January 375
Currency retranslation (30)
Acquisition of group companies (2)
Disposal of group companies (5)
Profit and loss account 262
Other movements 147
31 December 747