Unilever 2007 Annual Report Download - page 79

Download and view the complete annual report

Please find page 79 of the 2007 Unilever annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 148

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148

Unilever Annual Report and Accounts 2007 77
Financial statements continued
2 Segment information
Our primary reporting segments are geographic, comprising our three operating regions of Europe, The Americas and Asia Africa. The home
countries of the Unilever Group are the Netherlands and the United Kingdom. Turnover for these two countries combined in 2007 was
€3 768 million (2006: €3 710 million; 2005: €3 679 million). The combined operating profit in 2007 was €444 million (2006: €555 million;
2005: €648 million). Turnover for the United States for 2007 was €7 120 million (2006: €7 627 million; 2005: €7 550 million). No other country
had turnover of more than 10% of the Group total.
The analysis of turnover by geographical area is stated on the basis of origin. Turnover on a destination basis would not be materially different.
Inter-segment sales between geographical areas and between product areas as on page 79 are not material. Total assets and capital expenditure
are based on the location of the assets. Segment results are presented on the basis of operating profit. Segment assets consist primarily of
property, plant and equipment, goodwill and other intangible assets, inventories and receivables. Corporate assets consist of current and
deferred tax and pension assets, cash and cash equivalents, and other current or non-current financial assets. Segment liabilities consist primarily
of trade payables and other liabilities. Corporate liabilities include financial liabilities, tax balances payable, provisions and pension and deferred
tax liabilities. Capital expenditure comprises additions to property, plant and equipment and intangible assets, including additions resulting from
acquisitions. Other non-cash charges include charges to the income statement during the year in respect of share-based compensation,
restructuring and other provisions.
€ million € million € million € million
The Asia
Analysis by geographical segment Europe Americas Africa Total
2007
Turnover 15 205 13 442 11 540 40 187
Operating profit 1 678 1 971 1 596 5 245
Net finance costs (252)
Share of net profit/(loss) of joint ventures 26 74 2 102
Share of net profit/(loss) of associates 50––50
Other income from non-current investments 39
Profit before taxation 5 184
Taxation (1 128)
Net profit from continuing operations 4 056
Net profit from discontinued operations 80
Net profit 4 136
2006
Turnover 15 000 13 779 10 863 39 642
Operating profit 1 903 2 178 1 327 5 408
Net finance costs (721)
Share of net profit/(loss) of joint ventures 17 60 1 78
Share of net profit/(loss) of associates 36 – – 36
Other income from non-current investments 30
Profit before taxation 4 831
Taxation (1 146)
Net profit from continuing operations 3 685
Net profit from discontinued operations 1 330
Net profit 5 015
2005
Turnover 14 940 13 179 10 282 38 401
Operating profit 2 064 1 719 1 291 5 074
Net finance costs (613)
Share of net profit/(loss) of joint ventures 11 36 – 47
Share of net profit/(loss) of associates (25) 1 (1) (25)
Other income from non-current investments 33
Profit before taxation 4 516
Taxation (1 181)
Net profit from continuing operations 3 335
Net profit from discontinued operations 640
Net profit 3 975
Notes to the consolidated accounts Unilever Group