Unilever 2012 Annual Report Download - page 97
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94 Unilever Annual Report and Accounts 2012Financial statements
NOTES TO THE ONSOLIDATED FINANIAL STATEMENTS UNILEVER ROUP continued
3 ross proft and operatng costs
3 ross proft and operatng costs
Research and market support costs
Expenditure on research and market support, such as advertising, is charged to the income statement as incurred.
Non-core tems
Disclosed on the face of the income statement are costs and revenues relating to business disposals, acquisition and disposal
related costs, impairments and other one-off items, which we collectively term non-core items due to their nature and
frequency of occurrence. These items are material in terms of nature and/or amount and are relevant to an understanding
of our financial performance.
Business disposals generate both gains and losses which are not reflective of underlying performance. Acquisition and disposal
related costs are charges directly attributable to the acquisition or disposal of group companies.
mllon
2012
€ million
2011
€ million
2010
Turnover 51,324 46,467 44,262
Cost of sales (30,703) (27,9 30) (25,890)
Gross profit 20,621 18,537 18,372
Selling and administrative expenses (13,632) (12,104) (12,033)
Operating profit 6,989 6,433 6,339
Non-core tems
Non-core items are disclosed on the face of the income statement to provide additional information to users to help them better
understand underlying business performance.
mllon
2012
€ million
2011
€ million
2010
Acquisition and disposal related costs (190) (234) (50)
Gain/(loss) on disposal of group companies 117 221 468
Impairments and other one-off items(a) –157 (110)
Non-core items before tax (73) 144 308
Tax impact of non-core items (14) (6) (12)
Non-core items after tax (87) 138 296
Attributable to:
Non-controlling interests –– –
Shareholders’ equity (87) 138 296
(a) Included in the 2011 balance is a past service credit for the UK pension plan amounting to €153 million and the 2010 balance relates to provision for EU
competition investigations.
Other
Other items within operating costs include:
mllon
2012
€ million
2011
€ million
2010
Staff costs 4(6,291) (5,345) (5,599)
Distribution costs (3,264) (3,080) (3,015)
Raw and packaging materials and goods purchased for resale (20,998) (19,253) (17,636)
Amortisation of finite-life intangible assets and software 9(213) (191) (174)
Depreciation of property, plant and equipment 10 (986) (838) (819)
Advertising and promotions (6,763) (6,069) (6,064)
Research and development (1,003) (1,009) (928)
Exchange gains/(losses): (118) (9) 7
On underlying transactions (96) (45) (36)
On covering forward contracts (22) 36 43
Lease rentals: (558) (452) (465)
Minimum operating lease payments (558) (456) (465)
Contingent operating lease payments (8) (3) (4)
Less: Sub-lease income relating to operating lease agreements 8 7 4