Unilever 2006 Annual Report Download - page 131

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128 Unilever Annual Report and Accounts 2006
Financial Statements (continued)
Financial record (continued) Unilever Group
Financial record under previous GAAP (continued)
€million € million € million
Consolidated cash flow statement 2004 2003 2002
Cash flow from operating activities 6853 6 780 7 883
Dividends from joint ventures 60 52 83
Returns on investments and servicing of finance (807) (1 180) (1 386)
Taxation (1 378) (1 423) (1 817)
Capital expenditure and financial investment (1 044) (1 024) (1 706)
Acquisitions and disposals 316 622 1 755
Dividends paid on ordinary share capital (1 720) (1 715) (1 580)
Cash flow before management of liquid resources and financing 2280 2 112 3 232
Management of liquid resources (31) (41) (592)
Financing (2 921) (2 917) (3 078)
Increase/(decrease) in cash in the period (672) (846) (438)
Ratios 2004 2003 2002
Net profit margin (%)(b) 4.7 6.5 4.4
Return on invested capital (%)(c) 10.8 12.5 9.8
Ratio of earnings to fixed charges (times)(d) 4.3 4.6 3.6
(b) As defined on page 124.
(c) As defined on page 25.
(d) As defined on page 124.
Exchange rates
The information in the following table is based on exchange rates between euros and US dollars and euros and sterling. These translation rates
were used in preparation of the accounts:
2006 2005 2004 2003 2002
Year end
€1 = $ 1.317 1.184 1.366 1.261 1.049
€1 = £ 0.671 0.686 0.707 0.708 0.651
Annual average
€1 = $ 1.254 1.244 1.238 1.126 0.940
€1 = £ 0.682 0.684 0.678 0.691 0.628
Noon Buying Rates in New York for cable transfers in foreign currencies as certified for customs purposes by the Federal Reserve Bank of
New York wereas follows:
2006 2005 2004 2003 2002
Year end
€1 = $ 1.320 1.184 1.354 1.260 1.049
Annual average
€1 = $ 1.256 1.245 1.239 1.132 0.945
High
€1 = $ 1.333 1.348 1.363 1.260 1.049
Low
€1 = $ 1.186 1.167 1.180 1.036 0.859
High and low exchange rate values for each of the last six months:
September October November December January February
2006 2006 2006 2006 2007 2007
High
€1 = $ 1.283 1.277 1.326 1.333 1.329 1.325
Low
€1 = $ 1.265 1.250 1.271 1.307 1.290 1.293
On 1March 2007, the exchange rates between euros and US dollars and euros and sterling were as follows: €1.00 = US $1.322 and
€1.00 = £0.674.