Meeting everyday needs of people everywhere - Unilever

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Selected financial data Definition of key ratios 00000000000000001111 Return on shareholders’ equity is net profit attributable to ordinary shareholders expressed as a percentage of the average capital and reserves attributable to ordinary shareholders during the year. Return on capital employed is the sum of profit on ordinary activities after taxation plus interest after taxation on borrowings due after more than one year, expressed as a percentage of the average capital employed during the year. Return on shareholders’ equity is substantially influenced by the Group’s policy prior to 1998, of writing off purchased goodwill in the year of acquisition as a movement in profit retained. Return on capital employed and net gearing are also influenced but to a lesser extent. Operating margin is operating profit expressed as a percentage of turnover. Net profit margin is net profit expressed as a percentage of turnover. Net interest cover is profit on ordinary activities before net interest and taxation divided by net interest. Net gearing is net debt (borrowings less cash and current investments) expressed as a percentage of the sum of capital and reserves, minority interests and net debt. Earnings: fixed charges. Earnings consist of net profit (including the profit on the sale of the speciality chemicals businesses) increased by fixed charges and income taxes. Fixed charges consist of interest payable on debt and a portion of lease costs determined to be representative of interest. This ratio takes no account of interest receivable although Unilever’s treasury operations involve both borrowing and depositing funds. 00000000000000001111 Notes 00000000000000001111 (a) Non-operating exceptional items in 1997 includes Fl. 8 482 million profit on sale of speciality chemicals businesses. (b) Figures for earnings per share and dividends have been restated to reflect the four-for-one share split in October 1997. (c) For the basis of the calculations of combined earnings per share including the treatment of the 1999 share consolidation see note 30 on page 90. (d) Includes goodwill and intangibles purchased after 1 January 1998. (e) 1998 includes the special dividend of Fl. 16 014 million assuming all shareholders had taken the cash dividend. Capital and reserves in 1999 reflect the increase of Fl. 3 045 million as a result of the preference shares issued. (f) Net (funds)/debt comprises borrowings less cash and current investments. (g) The cash flow statement and the associated notes are presented in accordance with United Kingdom Financial Reporting Standard 1. Figures for 1995 have been restated on the same basis. (h) Net profit margin includes the profit on sale of the speciality chemicals businesses in 1997. 00000000000000001111
Selected financial data By geographical area 00000000000000001111 Fl. million 00511100000 1995 1996 1997 1998 1999 0000000000 01111 01111 01111 01111 Turnover Europe 42 547 44 002 44 832 41 805 41 404 North America 14 993 18 328 19 613 18 552 19 474 Africa and Middle East 3 675 4 217 4 826 4 911 5 065 Asia and Pacific 10 924 12 589 14 613 12 786 14 815 Latin America 7 564 8 659 10 713 11 058 9 538 11110 01111 01111 01111 01111 79 703 87 795 94 597 89 112 90 296 11110 01111 01111 01111 01111 Operating profit Europe 3 241 3 593 3 868 5 068 4 775 North America 1 109 1 628 1 112 2 077 1 866 Africa and Middle East 400 436 450 490 585 Asia and Pacific 951 1 033 1 228 1 005 1 415 Latin America 681 828 905 1 078 841 11110 01111 01111 01111 01111 6 382 7 518 7 563 9 718 9 482 11110 01111 01111 01111 01111 Net operating assets Europe 10 601 11 305 6 782 7 187 7 572 North America 5 067 6 121 3 693 3 831 4 399 Africa and Middle East 1 428 1 624 1 705 1 542 1 794 Asia and Pacific 2 876 3 289 3 153 2 825 3 304 Latin America 2 178 2 258 2 999 3 019 3 350 11110 01111 01111 01111 01111 22 150 24 597 18 332 18 404 20 419
Page 1 and 2: Unilever N.V. 1999 Annual Report on
Page 3 and 4: 1 Unilever Annual Report on Form 20
Page 5 and 6: Financial highlights • Excellent
Page 7 and 8: Chairmen’s Statement The principa
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Page 13 and 14: About Unilever History and structur
Page 37 and 38: Financial review The figures quoted
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Page 41 and 42: Operating review Year 2000 We had n
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Consolidated balance sheet as at 31
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Notes to the consolidated accounts
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Unilever Group Notes to the consoli
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Schedules - Unilever Group Valuatio
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Company accounts Unilever N.V . Bal
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Meeting everyday needs of people everywhere - Unilever

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