Report & accounts 2002 in full - Unilever
Report & accounts 2002 in full - Unilever
Report & accounts 2002 in full - Unilever
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134 Further statutory <strong>in</strong>formation<br />
<strong>Unilever</strong> N.V.<br />
The rules for profit appropriation <strong>in</strong> the Articles of<br />
Association (summary of Article 41)<br />
The profit for the year is applied firstly to the reserves required<br />
by law or by the Equalisation Agreement, secondly to cover losses<br />
of previous years, if any, and thirdly to the reserves deemed<br />
necessary by the Board of Directors. Dividends due to the holders<br />
of the Cumulative Preference Shares, <strong>in</strong>clud<strong>in</strong>g any arrears <strong>in</strong> such<br />
dividends, are then paid; if the profit is <strong>in</strong>sufficient for this purpose,<br />
the amount available is distributed to them <strong>in</strong> proportion to the<br />
dividend percentages of their shares. Any profit rema<strong>in</strong><strong>in</strong>g thereafter<br />
is at the disposal of the General Meet<strong>in</strong>g. Distributions from this<br />
rema<strong>in</strong><strong>in</strong>g profit are made to the holders of the ord<strong>in</strong>ary shares pro<br />
rata to the nom<strong>in</strong>al amounts of their hold<strong>in</strong>gs. The General Meet<strong>in</strong>g<br />
can only decide to make distributions from reserves on the basis of<br />
a proposal by the Board and <strong>in</strong> compliance with the law and the<br />
Equalisation Agreement.<br />
€ million € million<br />
<strong>2002</strong> 2001<br />
Proposed profit appropriation<br />
Profit for the year 4 071 2 056<br />
Preference dividends (42) (51)<br />
Profit at disposal of the Annual General<br />
Meet<strong>in</strong>g of shareholders 4 029 2 005<br />
Ord<strong>in</strong>ary dividends (946) (872)<br />
Profit for the year reta<strong>in</strong>ed 3 083 1 133<br />
Profit reta<strong>in</strong>ed – 1 January 3 508 2 375<br />
Profit reta<strong>in</strong>ed – 31 December 6 591 3 508<br />
Special controll<strong>in</strong>g rights under the Articles of Association<br />
See note 21 on page 97.<br />
Auditors<br />
A resolution will be proposed at the Annual General Meet<strong>in</strong>g on<br />
7 May 2003 for the reappo<strong>in</strong>tment of PricewaterhouseCoopers<br />
Accountants N.V. as auditors of NV. The present appo<strong>in</strong>tment will<br />
end at the conclusion of the Annual General Meet<strong>in</strong>g.<br />
Corporate Centre<br />
<strong>Unilever</strong> N.V.<br />
Weena 455<br />
PO Box 760<br />
3000 DK Rotterdam<br />
J A A van der Bijl<br />
S G Williams<br />
Jo<strong>in</strong>t Secretaries of <strong>Unilever</strong> N.V.<br />
4 March 2003<br />
<strong>Unilever</strong> Annual <strong>Report</strong> & Accounts and Form 20-F <strong>2002</strong>