Unilever 2003 Annual Report Download - page 112

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Unilever Annual Report & Accounts and Form 20-F 2003 109
Notes to the consolidated accounts
Unilever Group
20 Capital and reserves continued
The following tables present combined disclosure of movements in capital and reserves of NV and PLC for the years 2003, 2002 and 2001 in
order to show these changes for the Unilever Group as a whole. This information does not reflect the separate legal status of NV and PLC;
information on capital and reserves attributable to each of NV and PLC is given in notes 21, 22 and 23 on pages 110 and 111.
€ million € million € million € million € million
Share
Called up premium Other Profit
share capital account reserves(b) retained Total
2003
1 January 2003 642 1 541 (2 144) 4 663 4 702
Result for the year retained – – – 1 053 1 053
Goodwill movements – – – 135 135
Actuarial gains/(losses) on pension schemes net of tax – – – (28) (28)
Change in number of shares or certificates held
in connection with share options – – (400) – (400)
Share option credit(a) – – – 208 208
Currency retranslation – (11) 102 159 250
31 December 2003 642 1 530 (2 442) 6 190 5 920
2002 (restated)
1 January 2002 642 1 551 (1 663) 7 907 8 437
Result for the year retained – – – 435 435
Goodwill movements – – – 458 458
Actuarial gains/(losses) on pension schemes net of tax – – – (2 811) (2 811)
Change in number of shares or certificates held
in connection with share options – – (556) – (556)
Share option credit(a) – – – 185 185
Unrealised gain on partial disposal of a group company – – – 56 56
Currency retranslation – (10) 75 (1 567) (1 502)
31 December 2002 642 1 541 (2 144) 4 663 4 702
2001 (restated)
1 January 2001 642 1 548 (1 167) 10 188 11 211
Result for the year retained – – – 99 99
Goodwill movements – – – 274 274
Actuarial gains/(losses) on pension schemes net of tax – – – (1 486) (1 486)
Change in number of shares or certificates held
in connection with share options – – (482) – (482)
Share option credit(a) – – – 106 106
Currency retranslation – 3 (14) (1 274) (1 285)
31 December 2001 642 1 551 (1 663) 7 907 8 437
(a) The share option credit relates to the reversal of the non-cash charge recorded against operating profit in respect of the fair value of share
options awarded to employees.
(b) Following our change in accounting policy for share-based payments, certain balances have been reclassified from other reserves to profit
retained.
€ million € million € million
2003 2002 2001
Profit retained as reported 6 190 4 663 7 907
Liabilities/(assets) in respect of funded pensions and similar obligations 1 139 1 386 (1 041)
Liabilities in respect of unfunded pensions and similar obligations 2 620 2 550 2 433
Profit retained excluding pensions and similar obligations 9 949 8 599 9 299
As required by UK Financial Reporting Standard 4 capital and reserves can be analysed as follows:
€ million € million
2003 2002
Restated
Equity:
Ordinary capital 4 418 3 200
Non-equity:
7% Cumulative Preference 13 13
6% Cumulative Preference 73 73
4% Cumulative Preference 34 34
5 euro cents Cumulative Preference 1 382 1 382
Total non-equity 1 502 1 502
Total capital and reserves 5 920 4 702