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108 Unilever Annual Report and Accounts 2006
Financial Statements (continued)
21 Equity
Shareholders’ equity Total equity
€million € million € million € million € million € million € million
Called up Share Total
share premium Other Retained shareholders’ Minority Total
Consolidated statement of changes in equity capital account reserves profit equity interests equity
1January 2004 642 1 530 (2 442) 7 006 6 736 439 7 175
Total recognised income and expense for the year – – 218 2 156 2 374 167 2 541
Preference dividends – – – (28) (28) – (28)
Final dividends 2003 on ordinary capital – – – (1 116) (1 116) – (1 116)
Interim dividends 2004 on ordinary capital – – – (603) (603) – (603)
(Purchase)/sale/reduction of treasury stock – – (331) 7 (324) – (324)
Share-based payment credit(a) – – – 222 222 – 222
Dividends paid to minority shareholders – – – – – (203) (203)
Currency retranslation gains/(losses) net of tax – – – 1 1 (6) (5)
Other movements in equity – – – 2 2 (32) (30)
31 December 2004 642 1 530 (2 555) 7 647 7 264 365 7 629
Accounting policy change – preference shares(b) (130) (1 372) – – (1 502) – (1 502)
Accounting policy change – other financial instruments(b) – – (19) 407 388 – 388
Equity as restated at 1 January 2005 512 158 (2 574) 8 054 6 150 365 6 515
Total recognised income and expense for the year – – 379 3 825 4 204 249 4 453
Final dividends 2004 on ordinary capital – – – (1 229) (1 229) – (1 229)
Interim dividends 2005 on ordinary capital – – – (638) (638) – (638)
Conversion of preference shares – – 1 129 (199) 930 – 930
(Purchase)/sale/reduction of treasury stock – – (1 262) – (1 262) – (1 262)
Share-based payment credit(a) – – – 186 186 – 186
Dividends paid to minority shareholders – – – – – (217) (217)
Currency retranslation gains/(losses) net of tax –4––4913
Other movements in equity – – – 16 16 (2) 14
31 December 2005 512 162 (2 328) 10 015 8361 404 8765
Total recognised income and expense for the year – – (263) 5575 5312 242 5554
Final dividends 2005 on ordinary capital – – – (1 269) (1 269) – (1 269)
Interim dividends 2006 on ordinary capital – – – (664) (664) – (664)
One-offdividend – – – (751) (751) – (751)
(Purchase)/sale/reduction of treasury stock(c) – – 403 (285) 118 – 118
Share-based payment credit(a) – – – 111 111 – 111
Dividends paid to minority shareholders – – – – – (184) (184)
Currency retranslation gains/(losses) net of tax (12) 3 14 – 5 (11) (6)
Other movements in equity (16) – 31 (8) 7 (9) (2)
31 December 2006 484 165 (2 143) 12 724 11 230 442 11 672
(a) The share-based payment credit relates to the reversal of the non-cash charge recorded against operating profit in respect of the fair value
of share options and awards granted to employees.
(b) From 1 January 2005, Unilever adopted IAS 32 ‘Financial Instruments: Disclosure and Presentation’ and IAS 39 ‘Financial Instruments:
Recognition and Measurement’.
(c) Includes transfer from treasury stock to retained profit of share settled schemes arising from prior years and differences between exercise
and grant price of share options.
Notes to the consolidated accounts Unilever Group