Report & accounts 2002 in full - Unilever

19 Restructuring and other provisions
Notes to the consolidated accounts 95
Unilever Group
Provisions are recognised when either a legal or constructive obligation, as a result of a past event, exists at the balance sheet date and
where the amount of the obligation can be reasonably estimated.
€ million € million
2002 2001
Restructuring provisions 633 773
Other provisions 555 586
Total 1 188 1 359
Movements in restructuring provisions:
1 January 773
Currency retranslation (54)
Acquisition/disposal of group companies 5
Profit and loss account:
New charges 575
Releases (56)
Utilisation (610)
31 December 633
Movements in other provisions:
1 January 586
Currency retranslation (100)
Acquisition/disposal of group companies 179
Profit and loss account (80)
Utilisation (30)
31 December 555
Restructuring provisions at the end of 2002 relate to the Path to Growth initiatives described in note 4 on page 77. These amounted to
€0.6 billion the cash impact of which is expected to be a cash outflow of €0.4 billion in 2003 and €0.2 billion thereafter. Other provisions
principally comprise balances held in respect of legal, environmental and other exposures. The cash impact of these balances is expected to
be a cash outflow of €0.2 billion in 2003, and €0.4 billion thereafter.
Unilever Annual Report & Accounts and Form 20-F 2002
Financial Statements