Unilever 2014 Annual Report Download - page 55
Download and view the complete annual report
Please find page 55 of the 2014 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.3 ROSS PROFIT AND OPERATIN OSTS
RESEARH AND MARKET SUPPORT OSTS
Expendture on research and market support, such as advertsng, s charged to the ncome statement as ncurred
NONORE ITEMS
Dsclosed on the face of the ncome statement are costs and revenues relatng to busness dsposals, acquston and dsposal
related costs, mparments and other one-off tems, whch we collectvely term non-core tems due to ther nature and frequency
of occurrence These tems are materal n terms of nature and/or amount and are relevant to an understandng of our fnancal
performance
Busness dsposals generate both gans and losses whch are not reflectve of underlyng performance Acquston and dsposal
related costs are charges drectly attrbutable to the acquston or dsposal of group companes
mllon
2014
mllon
2013
mllon
2012
Turnover 48,436 49,797 51,324
ost of sales(a) (28,387) (29,065) (30,530)
of whch Dstrbuton costs (3,079) (3,139) (3,264)
ross proft(a) 20,049 20,732 20,794
Sellng and admnstratve expenses(a) (12,069) (13,215) (13,817)
of whch Brand and Marketng Investment(a) (7,166) (7,383) (7,311)
Research and Development (955) (1,040) (1,003)
Operatng proft 7,980 7,517 6,977
(a) Advertsng and Promotons are renamed to ‘Brand and Marketng Investment’ (BMI) after movng sales equpment costs from cost of sales to BMI and
movng cost of merchandsers and consumer engagement centres from Overheads to BMI
NONORE ITEMS
Non-core tems are dsclosed on the face of the ncome statement to provde addtonal nformaton to users to help them better
understand underlyng busness performance
mllon
2014
mllon
2013
mllon
2012
Acquston and dsposal related costs (97) (112) (190)
an/(loss) on dsposal of group companes 1,392 733 117
Imparments and other one-off tems(b) (335) (120) –
Non-core tems before tax 960 501 (73)
Tax mpact of non-core tems (423) (266) (14)
Non-core tems after tax 537 235 (87)
Attrbutable to
Non-controllng nterests – – –
Shareholders’ equty 537 235 (87)
(b) 2014 ncludes an mparment charge of 305 mllon on assets related to the SlmFast busness These assets were subsequently sold (see note 21)
2014 ncludes 30 mllon charge for legal cases pertanng to a number of nvestgatons by local competton regulators (2013 120 mllon)
OTHER
Other sgnfcant cost tems by nature wthn operatng costs nclude
Notes
mllon
2014
mllon
2013
mllon
2012
Staff costs 4A (6,054) (6,194) (6,303)
Raw and packagng materals and goods purchased for resale (19,816) (20,149) (20,998)
Amortsaton of fnte-lfe ntangble assets and software 9 (180) (167) (213)
Deprecaton of property, plant and equpment 10 (947) (984) (986)
Exchange gans/(losses) 12 (35) (118)
On underlyng transactons 15 (48) (96)
On coverng forward contracts (3) 13 (22)
Lease rentals (535) (489) (558)
Mnmum operatng lease payments (544) (523) (558)
ontngent operatng lease payments – (5) (8)
Less Sub-lease ncome relatng to operatng lease agreements 9 39 8
92 Unilever Annual Report and Accounts 2014Financial statements
NOTES TO THE ONSOLIDATED FINANIAL STATEMENTS
UNILEVER ROUP ONTINUED