Unilever 2003 Annual Report Download - page 80
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Unilever Annual Report & Accounts and Form 20-F 2003 77
Consolidated statement of total recognised gains and losses
Unilever Group for the year ended 31 December
€ million € million € million
2003 2002 2001
Restated Restated
Net profit 2 762 2 136 1 680
Unrealised gain on partial disposal of a group company –56 –
Pensions and similar obligations: 17
Net actuarial gain/(loss) recognised 148 (4 152) (2 195)
Deferred taxation thereon (176) 1 341 709
Currency retranslation 159 (1 567) (1 274)
Total recognised gains/(losses) for the year 2 893 (2 186) (1 080)
Prior year restatement 20 (1 165)
Total recognised gains since last annual accounts 1 728
Consolidated cash flow statement
Unilever Group for the year ended 31 December
€ million € million € million
2003 2002 2001
Restated Restated
Cash flow from group operating activities 26 6 780 7 883 7 497
Dividends from joint ventures 52 83 82
Returns on investments and servicing of finance 27 (1 180) (1 386) (1 887)
Taxation (1 423) (1 817) (2 205)
Capital expenditure and financial investment 27 (1 024) (1 706) (1 358)
Acquisitions and disposals 27 622 1 755 3 477
Dividends paid on ordinary share capital (1 715) (1 580) (1 420)
Cash flow before management of liquid resources and financing 2 112 3 232 4 186
Management of liquid resources 27 (41) (592) 1 106
Financing 27 (2 917) (3 078) (5 172)
Increase/(decrease) in cash in the period (846) (438) 120
Reconciliation of cash flow to movement in net funds/(debt)
€ million € million € million
2003 2002 2001
Restated Restated
Net funds/(debt) at 1 January 28 (16 966) (23 199) (26 468)
Increase/(decrease) in cash in the period (846) (438) 120
Cash flow from (increase)/decrease in borrowings 2 909 3 087 5 169
Cash flow from increase/(decrease) in liquid resources 41 592 (1 106)
Change in net funds resulting from cash flows 2 104 3 241 4 183
Borrowings within group companies acquired (25) (77) (1)
Borrowings within group companies sold 520 3
Liquid resources within group companies sold (3) (1) –
Non-cash movements 690 1 467 (408)
Currency retranslation 1 640 1 583 (508)
(Increase)/decrease in net debt in the period 4 411 6 233 3 269
Net funds/(debt) at 31 December 28 (12 555) (16 966) (23 199)
Amounts for 2002 and 2001 reported in the financial statements have been restated following changes in our accounting policies for pensions
and other post-employment benefits, for share-based payments and for the presentation of securities held as collateral. See note 17 on page
99, note 29 on page 116 and note 14 on page 94.