Meeting everyday needs of people everywhere - Unilever
Meeting everyday needs of people everywhere - Unilever
Meeting everyday needs of people everywhere - Unilever
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Consolidated pr<strong>of</strong>it and loss account and<br />
Statement <strong>of</strong> total recognised gains and losses<br />
<strong>Unilever</strong> Group<br />
Consolidated pr<strong>of</strong>it and loss account for the year ended 31 December<br />
00000000000000001111<br />
Fl. million<br />
111500000<br />
1999 1998 1997<br />
00000000005111150 11150 11150<br />
Turnover 1 90 296 89 112 94 597<br />
Continuing operations 89 996 89 112 90 600<br />
Acquisitions 300<br />
Discontinued operations 3 997<br />
Operating costs 2 (80 814) (79 394) (87 034)<br />
11150 11150 11150<br />
Operating pr<strong>of</strong>it 1 9 482 9 718 7 563<br />
Continuing operations 9 495 9 718 7 049<br />
Acquisitions (13)<br />
Discontinued operations 514<br />
Operating pr<strong>of</strong>it before exceptional items – continuing businesses 10 076 9 442 8 849<br />
Pr<strong>of</strong>it on sale <strong>of</strong> discontinued speciality chemicals businesses 8 482<br />
Loss on disposal <strong>of</strong> fixed assets in continuing businesses (484)<br />
Income from fixed investments 10 114 82 85<br />
Interest 5 (30) 344 (230)<br />
11150 11150 11150<br />
Pr<strong>of</strong>it on ordinary activities before taxation 9 566 10 144 15 416<br />
Taxation on pr<strong>of</strong>it on ordinary activities 6 (3 017) (3 338) (4 185)<br />
11150 11150 11150<br />
Pr<strong>of</strong>it on ordinary activities after taxation 6 549 6 806 11 231<br />
Minority interests (443) (318) (308)<br />
11150 11150 11150<br />
Net pr<strong>of</strong>it 6 106 6 488 10 923<br />
Attributable to: NV 21 3 882 3 655 7 649<br />
PLC 21 2 224 2 833 3 274<br />
Dividends (2 787) (19 116) (2 292)<br />
Preference dividends (44) (15) (15)<br />
Dividends on ordinary capital 7 (2 743) (2 727) (2 277)<br />
Special dividend 7 (16 374)<br />
11150 11150 11150<br />
Pr<strong>of</strong>it <strong>of</strong> the year retained 3 319 (12 628) 8 631<br />
00000000000000001111<br />
Combined earnings per shar e 30<br />
Guilders per Fl. 1.12 (1997-98: Fl. 1) <strong>of</strong> ordinary capital 5.80 5.80 9.78<br />
Pence per 1.4p (1997-98: 1.25p) <strong>of</strong> ordinary capital 26.01 26.45 44.74<br />
On a diluted basis the figures would be:<br />
Guilders per Fl. 1.12 (1997-98: Fl. 1) <strong>of</strong> ordinary capital 5.66 5.66 9.55<br />
Pence per 1.4p (1997-98: 1.25p) <strong>of</strong> ordinary capital 25.36 25.80 43.68<br />
00000000000000001111<br />
See note 30 on page 90 for an explanation <strong>of</strong> the impact <strong>of</strong> the share consolidation on earnings per share.<br />
Statement <strong>of</strong> total recognised gains and losses for the year ended 31 December<br />
00000000000000001111<br />
Net pr<strong>of</strong>it 6 106 6 488 10 923<br />
Currency retranslation 837 (1 356) 728<br />
11150 11150 11150<br />
Total recognised gains since last annual accounts 6 943 5 132 11 651<br />
00000000000000001111<br />
The notes on pages 62 to 65, 69 to 104, 106 and 107 form part <strong>of</strong> these accounts.<br />
References relate to notes on pages 69 to 75, 84, 90 and 91.<br />
Accounting policies <strong>of</strong> the <strong>Unilever</strong> Group are set out on pages 62 to 65.<br />
Variations from United States generally accepted accounting principles and Regulation S-X are outlined on pages 106 and 107.