Unilever 2008 Annual Report Download - page 84
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Financial statements Unilever Group
Unilever Annual Report and Accounts 2008 81
Financial statements
Consolidated income statement
for the year ended 31 December
€ million € million € million
2008 2007 2006
Continuing operations
Turnover 240 523 40 187 39 642
Operating profit 27 167 5 245 5 408
After (charging)/crediting:
Restructuring 3(868) (875) (704)
Business disposals, impairments and other 32 137 306 196
Gain on US healthcare and UK pensions 3–– 266
Net finance costs 5(257) (252) (721)
Finance income 106 147 128
Finance costs (506) (550) (590)
Preference shares provision –(7) (300)
Pensions and similar obligations 143 158 41
Share of net profit/(loss) of joint ventures 11 125 102 78
Share of net profit/(loss) of associates 11 650 36
Other income from non-current investments 11 88 39 30
Profit before taxation 7 129 5 184 4 831
Taxation 6(1 844) (1 128) (1 146)
Net profit from continuing operations 5 285 4 056 3 685
Profit for the year from discontinued operations 27 –80 1 330
Net profit 5 285 4 136 5 015
Attributable to:
Minority interests 258 248 270
Shareholders’ equity 5 027 3 888 4 745
Combined earnings per share 7
From continuing operations
Basic earnings per share €1.79 €1.32 €1.19
Diluted earnings per share €1.73 €1.28 €1.15
From discontinued operations
Basic earnings per share –€0.03 €0.46
Diluted earnings per share –€0.03 €0.45
From total operations
Basic earnings per share €1.79 €1.35 €1.65
Diluted earnings per share €1.73 €1.31 €1.60
References in the consolidated income statement, consolidated statement of recognised income and expense, consolidated cash flow statement
and consolidated balance sheet relate to notes on pages 84 to 136, which form an integral part of the consolidated financial statements.
Accounting policies of the Unilever Group are set out in note 1 on pages 84 to 88.
Consolidated statement of recognised income and expense
for the year ended 31 December
€ million € million € million
2008 2007 2006
Fair value gains/(losses) net of tax:
On cash flow hedges (118) 84 6
On available-for-sale financial assets (46) 215
Actuarial gains/(losses) on pension schemes net of tax (2 293) 542 853
Currency retranslation gains/(losses) net of tax(a) (1 688) (413) (335)
Net income/(expense) recognised directly in equity (4 145) 215 539
Net profit 5 285 4 136 5 015
Total recognised income and expense 21 1 140 4 351 5 554
Attributable to:
Minority interests 205 237 242
Shareholders’ equity 935 4 114 5 312
(a) Includes fair value gains/(losses) on net investment hedges of €(560) million (2007: €(692) million; 2006: €(779) million).