Report & accounts 2002 in full - Unilever
Report & accounts 2002 in full - Unilever
Report & accounts 2002 in full - Unilever
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96 Notes to the consolidated <strong>accounts</strong><br />
<strong>Unilever</strong> Group<br />
20 Capital and reserves<br />
From 1 January <strong>2002</strong>, <strong>Unilever</strong> has adopted UK F<strong>in</strong>ancial <strong>Report</strong><strong>in</strong>g Standard 19 (FRS 19) ‘Deferred Tax’ which requires <strong>full</strong> provision to be<br />
made for deferred taxes. The impact of the adoption of FRS 19 was as follows:<br />
€ million € million € million<br />
As at As at As at<br />
31 December 31 December 31 December<br />
2001 2000 1999<br />
Shareholders’ equity as previously reported 7 195 8 169 7 761<br />
Account<strong>in</strong>g policy change (202) (195) (306)<br />
Shareholders’ equity as restated 6 993 7 974 7 455<br />
The table below presents comb<strong>in</strong>ed disclosure of movements <strong>in</strong> capital and reserves of NV and PLC for the years <strong>2002</strong>, 2001 and 2000 <strong>in</strong><br />
order to show these changes for the <strong>Unilever</strong> Group as a whole. This <strong>in</strong>formation does not reflect the separate legal status of NV and PLC;<br />
<strong>in</strong>formation on capital and reserves attributable to each of NV and PLC is given <strong>in</strong> notes 21 and 23 on pages 97 and 98.<br />
<strong>Unilever</strong> Annual <strong>Report</strong> & Accounts and Form 20-F <strong>2002</strong><br />
€ million € million € million € million € million<br />
Called up Share premium<br />
share capital account Other reserves Profit reta<strong>in</strong>ed Total<br />
<strong>2002</strong> (a)<br />
1 January <strong>2002</strong> 642 1 551 (1 617) 6 417 6 993<br />
Result for the year reta<strong>in</strong>ed – – – 428 428<br />
Goodwill movements – – – 458 458<br />
Unrealised ga<strong>in</strong> on partial disposal of a group company – – – 56 56<br />
Currency retranslation – (10) 75 (1 582) (1 517)<br />
Change <strong>in</strong> book value of shares or certificates held<br />
<strong>in</strong> connection with share options – – (551) – (551)<br />
31 December <strong>2002</strong> 642 1 541 (2 093) 5 777 5 867<br />
2001 (a)<br />
1 January 2001 642 1 548 (1 167) 6 951 7 974<br />
Result for the year reta<strong>in</strong>ed – – – 257 257<br />
Goodwill movements – – – 274 274<br />
Currency retranslation – 3 (14) (1 065) (1 076)<br />
Change <strong>in</strong> book value of shares or certificates held<br />
<strong>in</strong> connection with share options – – (436) – (436)<br />
31 December 2001 642 1 551 (1 617) 6 417 6 993<br />
2000 (a)<br />
1 January 2000 642 1 547 (971) 6 237 7 455<br />
Result for the year reta<strong>in</strong>ed – – – (353) (353)<br />
Goodwill movements (b) – – – 1 314 1 314<br />
Currency retranslation – 1 (12) (247) (258)<br />
Change <strong>in</strong> book value of shares or certificates held<br />
<strong>in</strong> connection with share options – – (184) – (184)<br />
31 December 2000 642 1 548 (1 167) 6 951 7 974<br />
As required by UK F<strong>in</strong>ancial <strong>Report</strong><strong>in</strong>g Standard 4 capital and reserves can be analysed as follows:<br />
€ million € million<br />
<strong>2002</strong> 2001<br />
Equity:<br />
Ord<strong>in</strong>ary capital 4 365 5 491<br />
Non-equity:<br />
7% Cumulative Preference 13 13<br />
6% Cumulative Preference 73 73<br />
4% Cumulative Preference 34 34<br />
5 euro cents Cumulative Preference 1 382 1 382<br />
Total non-equity 1 502 1 502<br />
Total capital and reserves 5 867 6 993<br />
(a) Restated for FRS 19, see note 18 on page 94.<br />
(b) Includes €980 million written back <strong>in</strong> 2000 <strong>in</strong> respect of the agreed disposal of Elizabeth Arden.