Unilever 2004 Annual Report Download - page 102
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Unilever Annual Report and Accounts 2004 99
Consolidated profit and loss account
Unilever Group for the year ended 31 December
€ million € million € million
2004 2003 2002
Turnover 140 366 42 942 48 760
Less: Share of turnover of joint ventures 1(197) (249) (490)
Group turnover 140 169 42 693 48 270
Cost of sales 2(20 011) (21 192) (24 049)
Gross profit 20 158 21 501 24 221
Distribution, selling and administrative costs 2(16 747) (16 018) (19 214)
Group operating profit 13 411 5 483 5 007
After charging:
Exceptional items (1 595) (97) (707)
Amortisation of goodwill and intangible assets 1(1 086) (1 139) (1 245)
Add: Share of operating profit of joint ventures 144 46 84
Operating profit 13 455 5 529 5 091
After charging:
Exceptional items 4(1 597) (100) (702)
Amortisation of goodwill and intangible assets 1(1 086) (1 143) (1 261)
Share of operating profit of associates 142 25 34
Other income from fixed investments 11 31 (3) (7)
Interest 5(628) (847) (1 173)
Other finance income/(cost) – pensions and similar obligations 18 (61) (166) 108
Profit on ordinary activities before taxation 2 839 4 538 4 053
Taxation on profit on ordinary activities 6(782) (1 527) (1 605)
Profit on ordinary activities after taxation 2 057 3 011 2 448
Minority interests (181) (249) (312)
Net profit 1 876 2 762 2 136
Attributable to: NV 23 1 283 1 976 1 679
PLC 23 593 786 457
Dividends (1 843) (1 709) (1 701)
Preference dividends (28) (27) (42)
Dividends on ordinary capital 8(1 815) (1 682) (1 659)
Result for the year retained 33 1 053 435
Combined earnings per share 7
Basic earnings per share:
Euros per €0.51 of ordinary capital 1.92 2.82 2.14
Euro cents per 1.4p of ordinary capital 28.78 42.33 32.16
On a diluted basis the figures would be:
Euros per €0.51 of ordinary capital 1.85 2.74 2.08
Euro cents per 1.4p of ordinary capital 27.69 41.09 31.20
All amounts are related to continuing operations as defined by United Kingdom Financial Reporting Standard 3.
References in the consolidated profit and loss account, consolidated statement of total recognised gains and losses, consolidated cash
flow statement and consolidated balance sheet relate to notes on pages 102 to 148, which form an integral part of the consolidated
financial statements.
Accounting policies of the Unilever Group are set out on pages 96 to 98.
Variations from United States generally accepted accounting principles and Regulation S-X are outlined on pages 154 to 159.
In accordance with Article 402 of Book 2 of the Civil Code in the Netherlands, the profit and loss account of the entity NV on page 169 shows
only the income from fixed investments after taxation and other income and expenses as separate items.