Unilever 2004 Annual Report Download - page 186

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Unilever Annual Report and Accounts 2004 183
Glossary
The following is intended to provide a general guide, particularly for United States readers, as to the meanings of various terms which
may be used in this report. Please refer also to page 149 for definitions of specific accounting measures as they are applied by Unilever.
Term used in this report US equivalent or brief description
Accounts Financial statements
Associate/Associated company A business which is not a subsidiary or a joint venture, but in which the Group has
a shareholding and exercises significant influence
Called up share capital Ordinary shares, issued and fully paid
Creditors Accounts payable/Payables
Creditors: amounts due after more than one year Long-term accounts payable
Creditors: amounts due within one year Current accounts payable
Debtors Accounts receivable/Receivables
Finance lease Capital lease
Freehold Ownership with absolute rights in perpetuity
Gearing Leverage
Group, or consolidated, accounts Consolidated financial statements
Group operating margin Group operating profit expressed as a percentage of group turnover
Interest payable Interest expense
Interest receivable Interest income
Joint venture A business which is jointly controlled by the Group and one or more
external partners
Nominal value Par value
Operating margin Operating profit expressed as a percentage of turnover
Operating profit Net operating income
Profit Income (or earnings)
Profit and loss account Income statement
Profit attributable to ordinary shareholders Net income attributable to ordinary shareholders
Profit retained Retained earnings
Provisions Long-term liabilities other than debt and specific accounts payable
Reconciliation of movements in
shareholders’ funds Statement of changes in stockholders’ equity
Reserves Stockholders’ equity other than paid-up capital
Share capital Capital stock or common stock
Share option Stock option
Share premium account Additional paid-in capital relating to proceeds of sale of stock in excess of par value
or paid-in surplus
Shareholders’ funds Stockholders’ equity
Shares in issue Shares outstanding
Statement of total recognised gains and losses Statement of comprehensive income
Stocks Inventories
Tangible fixed assets Property, plant and equipment
Turnover Sales revenues