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138 Unilever Annual Report & Accounts and Form 20-F 2003
Additional information for US investors
Unilever Group
Guarantor statements continued
€ million
Unilever Unilever
Capital United
Corporation Unilever N.V. Unilever PLC States Inc. Non-
subsidiary parent issuer/ parent subsidiary guarantor Unilever
issuer guarantor guarantor guarantor subsidiaries Eliminations Group
Profit and loss account
for the year ended 31 December 2002 (restated)
Group turnover ––––48 270–48 270
Operating costs – 89 (53) (21) (43 278) – (43 263)
Group operating profit – 89 (53) (21) 4 992 – 5 007
Share of operating profit of joint ventures ––––84–84
Operating profit – 89 (53) (21) 5 076 – 5 091
Share of operating profit of associates ––––34–34
Dividends – 3 779 1 011 – (4 790) – –
Other income from fixed investments ––––(7)–(7)
Interest (395) (206) (83) (1) (488) – (1 173)
Other finance income/(cost) – pensions and similar
obligations – – – 28 80 – 108
Intercompany finance costs 403 450 (3) (89) (761) – –
Profit on ordinary activities before taxation 8 4 112 872 (83) (856) – 4 053
Taxation (3) (41) (3) 31 (1 589) – (1 605)
Profit on ordinary activities after taxation 5 4 071 869 (52) (2 445) – 2 448
Minority interests ––––(312) – (312)
Equity earnings of subsidiaries – (1 935) 1 267 110 – 558 –
Net profit 5 2 136 2 136 58 (2 757) 558 2 136
Profit and loss account
for the year ended 31 December 2001 (restated)
Group turnover ––––51 514–51 514
Operating costs – (27) 82 14 (46 637) – (46 568)
Group operating profit – (27) 82 14 4 877 – 4 946
Share of operating profit of joint ventures ––––84–84
Operating profit – (27) 82 14 4 961 – 5 030
Dividends – 2 202 738 – (2 940) – –
Other income from fixed investments ––––12–12
Interest (782) (444) (177) 2 (245) – (1 646)
Other finance income/(cost) – pensions and similar
obligations – – – 38 4 – 42
Intercompany finance costs 1 010 423 72 (424) (1 081) – –
Profit on ordinary activities before taxation 228 2 154 715 (370) 711 – 3 438
Taxation (84) (98) (24) 137 (1 450) – (1 519)
Profit on ordinary activities after taxation 144 2 056 691 (233) (739) – 1 919
Minority interests ––––(239) – (239)
Equity earnings of subsidiaries – (376) 989 (345) – (268) –
Net profit 144 1 680 1 680 (578) (978) (268) 1 680