Unilever 2003 Annual Report Download - page 93

Download and view the complete annual report

Please find page 93 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
90 Unilever Annual Report & Accounts and Form 20-F 2003
8 Dividends on ordinary capital
€ million € million € million
2003 2002 2001
Dividends on ordinary capital
Interim (574) (537) (491)
Final (1 108) (1 122) (1 039)
Total (1 682) (1 659) (1 530)
Per €0.51 share of NV ordinary capital Per 1.4p share of PLC ordinary capital
€€€pence pence pence
2003 2002 2001 2003 2002 2001
Dividends per share
Interim 0.59 0.55 0.50 6.16 5.21 4.65
Final 1.15 1.15 1.06 11.92 10.83 9.89
Total 1.74 1.70 1.56 18.08 16.04 14.54
Full details of dividends for the years 1999 to 2003 are given on page 161.
9 Goodwill and intangible assets
No value is attributed to internally generated intangible assets. Goodwill and identifiable intangible assets purchased after 1 January 1998
are capitalised and amortised in operating profit over the period of their expected useful lives, up to a maximum of 20 years. Goodwill and
intangible assets purchased prior to 1 January 1998 were written off in the year of acquisition as a movement in profits retained.
Goodwill and intangible assets are subject to review for impairment in accordance with United Kingdom FRS 11 and United States SFAS 142.
Any impairment is charged to the profit and loss account as it arises.
Acquisitions include goodwill transferred from joint ventures following the buyout of the interest of our partners Ajinomoto of Japan.
Intangible assets principally consist of trademarks.
€ million € million
2003 2002
At cost less amortisation
Goodwill 13 457 15 328
Intangible assets 4 256 4 946
Total 17 713 20 274
€ million € million € million
Intangible
Movements during 2003 Goodwill assets Total
Cost
1 January 17 345 5 603 22 948
Acquisitions of group companies 422 187 609
Disposals of group companies (98) (54) (152)
Currency retranslation (1 586) (617) (2 203)
31 December 16 083 5 119 21 202
Amortisation
1 January (2 017) (657) (2 674)
Acquisitions of group companies – (20) (20)
Disposals of group companies 16 9 25
Charged to profit and loss account(a) (852) (287) (1 139)
Currency retranslation 227 92 319
31 December (2 626) (863) (3 489)
Net book value 31 December 13 457 4 256 17 713
(a) Includes exceptional write down of €11 million.