Unilever 2003 Annual Report Download - page 83

Download and view the complete annual report

Please find page 83 of the 2003 Unilever annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 169

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169

Notes to the consolidated accounts
Unilever Group
80 Unilever Annual Report & Accounts and Form 20-F 2003
1 Segmental information continued
Segmental information is provided below on the basis of product categories. These categories are:
Savoury and dressings – including sales of soups, bouillons, sauces, snacks, mayonnaise, salad dressings and olive oil.
Spreads and cooking products – including sales of branded margarines and spreads and cooking products such as liquid margarines.
Health & wellness and beverages – including sales of tea, weight management products, and nutritionally enhanced staples sold in
developing markets.
Ice cream and frozen foods – including sales of ice cream and frozen food.
Home care – including sales of home care products, such as laundry powders and liquids and a wide range of cleaning products. In May 2002
we sold DiverseyLever, our professional cleaning business, the revenues of which were also included within this segment for the years ending
31 December 2002 and 2001. The profit from our retained stake in this business, which is an associated company, continues to be reported in
this segment.
Personal care – including sales of skin care and hair care products, deodorants and antiperspirants, oral care products, and a number of
prestige fragrances.
Other operations – to support our consumer brands, we own tea plantations and palm oil plantations, the results of which are reported
within this segment.
€ million € million € million € million € million € million € million € million
Savoury Spreads and Health & Ice cream
and cooking wellness and and Home Personal Other
Analysis by operation dressings products beverages frozen foods care care operations Total
2003
Turnover 8 609 5 028 3 569 6 994 7 230 11 153 359 42 942
Less: Share of turnover of joint ventures (58) (51) (120) – (5) (10) (5) (249)
Group turnover 8 551 4 977 3 449 6 994 7 225 11 143 354 42 693
Group operating profit 475 782 367 1 024 908 1 858 69 5 483
After charging:
Exceptional items (108) (1) (11) 32 8 (94) 77 (97)
Amortisation of goodwill
and intangible assets (906) (73) (112) (20) (14) (12) (2) (1 139)
Add: Share of operating profit
of joint ventures 3736––––46
Operating profit(e)(f) 478 789 403 1 024 908 1 858 69 5 529
After charging:
Exceptional items (110) (2) (11) 32 8 (94) 77 (100)
Amortisation of goodwill
and intangible assets (908) (74) (113) (20) (14) (12) (2) (1 143)
Share of operating profit
of associates(d) ––––25––25
2002 (restated)
Turnover 9 503 6 216 4 215 7 456 8 579 12 245 546 48 760
Less: Share of turnover of joint ventures (231) (71) (151) – (14) (9) (14) (490)
Group turnover 9 272 6 145 4 064 7 456 8 565 12 236 532 48 270
Group operating profit 399 768 347 569 837 2 045 42 5 007
After charging:
Exceptional items 9 (167) (99) (237) (64) (149) – (707)
Amortisation of goodwill
and intangible assets (1 051) (17) (119) (27) (17) (13) (1) (1 245)
Add: Share of operating profit
of joint ventures 28 19 36 – (1) 3 (1) 84
Operating profit(e)(f) 427 787 383 569 836 2 048 41 5 091
After charging:
Exceptional items 8 (161) (99) (237) (64) (149) – (702)
Amortisation of goodwill
and intangible assets (1 064) (19) (120) (27) (17) (13) (1) (1 261)
Share of operating profit
of associates(d) ––––34––34
(d) Please refer to footnote on page 79.
(e) In 2003, the Group’s share of amortisation of goodwill and intangible assets in joint ventures was €(4) million (2002: €(16) million; 2001:
€(36) million), of which €(2) million (2002: €(13) million; 2001: €(36) million) arose in savoury and dressings, €(1) million (2002: €(2) million;
2001: € nil) arose in spreads and cooking products and €(1) million (2002: €(1) million; 2001: € nil) arose in the health & wellness and
beverages segment.
(f) In 2003, the Group’s share of exceptional items in joint ventures was €(3) million (2002: €5 million; 2001: € nil), of which €(2) million
(2002: €(1) million; 2001: € nil) arose in savoury and dressings and €(1) million (2002: €6 million; 2001: € nil) arose in the spreads and
cooking products segment.