Meeting everyday needs of people everywhere - Unilever

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Consolidated profit and loss account and Statement of total recognised gains and losses Unilever Group Consolidated profit and loss account for the year ended 31 December 00000000000000001111 Fl. million 111500000 1999 1998 1997 00000000005111150 11150 11150 Turnover 1 90 296 89 112 94 597 Continuing operations 89 996 89 112 90 600 Acquisitions 300 Discontinued operations 3 997 Operating costs 2 (80 814) (79 394) (87 034) 11150 11150 11150 Operating profit 1 9 482 9 718 7 563 Continuing operations 9 495 9 718 7 049 Acquisitions (13) Discontinued operations 514 Operating profit before exceptional items – continuing businesses 10 076 9 442 8 849 Profit on sale of discontinued speciality chemicals businesses 8 482 Loss on disposal of fixed assets in continuing businesses (484) Income from fixed investments 10 114 82 85 Interest 5 (30) 344 (230) 11150 11150 11150 Profit on ordinary activities before taxation 9 566 10 144 15 416 Taxation on profit on ordinary activities 6 (3 017) (3 338) (4 185) 11150 11150 11150 Profit on ordinary activities after taxation 6 549 6 806 11 231 Minority interests (443) (318) (308) 11150 11150 11150 Net profit 6 106 6 488 10 923 Attributable to: NV 21 3 882 3 655 7 649 PLC 21 2 224 2 833 3 274 Dividends (2 787) (19 116) (2 292) Preference dividends (44) (15) (15) Dividends on ordinary capital 7 (2 743) (2 727) (2 277) Special dividend 7 (16 374) 11150 11150 11150 Profit of the year retained 3 319 (12 628) 8 631 00000000000000001111 Combined earnings per shar e 30 Guilders per Fl. 1.12 (1997-98: Fl. 1) of ordinary capital 5.80 5.80 9.78 Pence per 1.4p (1997-98: 1.25p) of ordinary capital 26.01 26.45 44.74 On a diluted basis the figures would be: Guilders per Fl. 1.12 (1997-98: Fl. 1) of ordinary capital 5.66 5.66 9.55 Pence per 1.4p (1997-98: 1.25p) of ordinary capital 25.36 25.80 43.68 00000000000000001111 See note 30 on page 90 for an explanation of the impact of the share consolidation on earnings per share. Statement of total recognised gains and losses for the year ended 31 December 00000000000000001111 Net profit 6 106 6 488 10 923 Currency retranslation 837 (1 356) 728 11150 11150 11150 Total recognised gains since last annual accounts 6 943 5 132 11 651 00000000000000001111 The notes on pages 62 to 65, 69 to 104, 106 and 107 form part of these accounts. References relate to notes on pages 69 to 75, 84, 90 and 91. Accounting policies of the Unilever Group are set out on pages 62 to 65. Variations from United States generally accepted accounting principles and Regulation S-X are outlined on pages 106 and 107.
Consolidated balance sheet as at 31 December Unilever Group 00000000000000001111 Fl. million 1115000 1999 1998 000000000051111150111150 11150 Fixed assets 21 171 18 995 Goodwill and intangible assets 8 1 418 626 Tangible fixed assets 9 19 440 18 045 Fixed investments 10 313 324 Current assets Stocks 11 11 291 10 461 Debtors 12 16 935 14 849 Debtors due within one year 12 12 653 11 297 Debtors due after more than one year 12 4 282 3 552 Current investments 13 3 254 10 870 Cash at bank and in hand 14 8 807 12 011 11150 11150 Total current assets 40 287 48 191 Creditors due within one year (26 740) (39 614) Borrowings 15 (6 469) (5 123) Trade and other creditors 16 (20 271) (18 477) Special dividend (16 014) Net current assets 13 547 8 577 11150 11150 Total assets less current liabilities 34 718 27 572 00000000000000001111 Creditors due after more than one year 6 241 6 702 Borrowings 15 4 084 5 023 Trade and other creditors 16 2 157 1 679 Provisions for liabilities and charges 10 097 9 507 Pensions and similar obligations 17 7 296 6 509 Deferred taxation and other provisions 18 2 801 2 998 Minority interests 1 275 899 Capital and reserves 19 17 105 10 464 Attributable to: NV: Called up share capital 20 926 905 Share premium account 3 076 52 Other reserves 22 (802) (498) Profit retained 21 10 292 7 355 150 11150 13 492 7 814 150 11150 PLC: Called up share capital 20 489 489 Share premium account 333 293 Other reserves 22 (1 337) (958) Profit retained 21 4 128 2 826 150 11150 3 613 2 650 Total capital employed 34 718 27 572 00000000000000001111 Capital and reserves include amounts relating to preference shares in NV which under United Kingdom Financial Reporting Standard 4 are classified as non-equity. Minority interests in group companies are substantially all equity interests. The notes on pages 62 to 65, 69 to 104, 106 and 107 form part of these accounts. References relate to notes on pages 74 to 84. Commitments and contingent liabilities are shown in notes 23 and 24 on pages 84 and 85. Accounting policies of the Unilever Group are set out on pages 62 to 65. Variations from United States generally accepted accounting principles and Regulation S-X are outlined on pages 106 and 107.
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Unilever N.V. 1999 Annual Report on
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1 Unilever Annual Report on Form 20
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Financial highlights • Excellent
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Chairmen’s Statement The principa
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Selected financial data Consolidate
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Selected financial data By geograph
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About Unilever History and structur
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13 Unilever Annual Report on Form 2
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Page 37 and 38: Financial review The figures quoted
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Page 47 and 48: Corporate governance Jan Peelen* Pe
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Page 111 and 112: Principal group companies and fixed
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Further statutory information and o
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Control of Unilever ensure that sha
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Control of Unilever As part of its
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Nature of the trading market The ma
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Taxation for US residents A gift of
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Financial calendar and addresses An
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Meeting everyday needs of people everywhere - Unilever

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