Unilever 2004 Annual Report Download - page 151

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148 Unilever Annual Report and Accounts 2004
Notes to the consolidated accounts
Unilever Group
32 Summarised accounts of the NV and PLC parts of the Group
The following summarised accounts present the profit and loss account and balance sheet of the Unilever Group, analysed between the NV and
PLC parts of the Group according to respective ownership.
Profit and loss account for the year ended 31 December € million € million € million € million € million € million
NV NV NV PLC PLC PLC
2004 2003 2002 2004 2003 2002
Group turnover 27 305 28 964 31 828 12 864 13 729 16 442
Group operating profit 2 172 3 559 3 507 1 239 1 924 1 500
Total income from fixed investments 94 68 73 23 –38
Interest (383) (530) (812) (245) (317) (361)
Other finance income/(cost) – pensions and similar obligations (44) (110) (10) (17) (56) 118
Profit on ordinary activities before taxation 1 839 2 987 2 758 1 000 1 551 1 295
Taxation (499) (947) (1 028) (283) (580) (577)
Profit on ordinary activities after taxation 1 340 2 040 1 730 717 971 718
Minority interests (57) (64) (51) (124) (185) (261)
Net profit 1 283 1 976 1 679 593 786 457
Balance sheet as at 31 December € million € million € million € million
NV NV PLC PLC
2004 2003 2004 2003
Fixed assets
Goodwill and intangible assets 11 972 13 793 3 366 3 920
Tangible fixed assets 4 127 4 375 2 144 2 280
Fixed investments 68 –134 199
Total fixed assets 16 167 18 168 5 644 6 399
Current assets
Stocks 2 439 2 679 1 319 1 496
Debtors 4 332 4 458 1 371 1 423
Debtors due within one year 3 408 3 808 1 097 1 274
Debtors due after more than one year 924 650 274 149
Cash and current investments 1 826 2 497 777 848
Total current assets 8 597 9 634 3 467 3 767
Creditors due within one year (10 497) (13 411) (4 073) (3 663)
Borrowings (4 104) (6 835) (1 051) (599)
Trade and other creditors (6 393) (6 576) (3 022) (3 064)
Net current assets/(liabilities) (1 900) (3 777) (606) 104
Total assets less current liabilities 14 267 14 391 5 038 6 503
Creditors due after more than one year 6 396 7 558 1 214 1 572
Borrowings 5 969 7 024 924 1 442
Trade and other creditors 427 534 290 130
Provisions for liabilities and charges
(excluding pensions and similar obligations) 1 426 1 252 455 393
Net liabilities for pensions and similar obligations 2 131 2 011 1 787 1 748
Net pension asset for funded schemes in surplus (405) (381) (51) (109)
Net pension liability in respect of funded schemes in deficit
and unfunded schemes 2 536 2 392 1 838 1 857
Intra-group – NV/PLC (2 781) (3 350) 2 781 3 350
Minority interests 35 51 327 389
Capital and reserves 7 060 6 869 (1 526) (949)
Total capital employed 14 267 14 391 5 038 6 503