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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<strong>Unilever</strong> Group Notes to the consolidated accounts<br />
21 Pr<strong>of</strong>it retained<br />
0000§0000000000001111<br />
Fl. million<br />
00111500111115011111150<br />
NV PLC<br />
1110111110111110 11110111110111110<br />
1999 1998 1997 1999 1998 1997<br />
000000005111 0111 0111 10111 0111 0111<br />
Net pr<strong>of</strong>it 3 882 3 655 7 649 2 224 2 833 3 274<br />
Preference dividends (44) (15) (15) — — —<br />
Normal dividends on ordinary capital (1 562) (1 594) (1 415) (1 181) (1 133) (862)<br />
Special dividend (9 282) (7 092)<br />
0111 0111 0111 10111 0111 0111<br />
Pr<strong>of</strong>it <strong>of</strong> the year retained 2 276 (7 236) 6 219 1 043 (5 392) 2 412<br />
Goodwill written back on sale <strong>of</strong> speciality<br />
chemicals businesses 1 318 411<br />
Other goodwill movements 54 (181) (1 571) 29 187 (35)<br />
Currency retranslation 607 (747) 563 230 (609) 165<br />
0111 0111 0111 10111 0111 0111<br />
Net movement during the year 2 937 (8 164) 6 529 1 302 (5 814) 2 953<br />
Pr<strong>of</strong>it retained – 1 January 7 355 15 519 8 990 2 826 8 640 5 687<br />
0111 0111 0111 10111 0111 0111<br />
Pr<strong>of</strong>it retained – 31 December 10 292 7 355 15 519 4 128 2 826 8 640<br />
0111 0111 0111 10111 0111 0111<br />
Of which retained by:<br />
Parent companies 4 782 2 388 6 118 3 208 1 929 2 989<br />
Other group companies 5 495 4 965 9 418 918 893 5 650<br />
Joint ventures 15 2 (17) 2 4 1<br />
0111 0111 0111 10111 0111 0111<br />
10 292 7 355 15 519 4 128 2 826 8 640<br />
0111 0111 0111 10111 0111 0111<br />
Cumulative goodwill written <strong>of</strong>f (14 467) (14 521) (14 340) (6 075) (6 104) (6 291)<br />
0000§0000000000001111<br />
22 Other reserves<br />
0000§0000000000001111<br />
Adjustment on translation <strong>of</strong> PLC‘s ordinary capital at<br />
£1 = Fl. 12 — — — (345) (362) (353)<br />
Capital redemption reserve — — — 40 36 38<br />
Book value <strong>of</strong> shares or certificates held in connection<br />
with share options (a) (802) (498) (378) (1 032) (632) (490)<br />
110111 0111 0111 10111 0111 0111<br />
(802) (498) (378) (1 337) (958) (805)<br />
110111 0111 0111 10111 0111 0111<br />
(a) Under UITF 13 these shares would be classified as fixed assets.<br />
00000000000000001111<br />
23 Commitments<br />
0000§0000000000001111<br />
1999 1998 1997<br />
0000000000001111511111 0111 0111<br />
Long-term lease commitments under operating leases in respect <strong>of</strong>:<br />
Land and buildings 2 704 2 661 2 584<br />
Other tangibles fixed assets 969 943 1 177<br />
10111 0111 0111<br />
3 673 3 604 3 761<br />
10111 0111 0111<br />
The commitments fall due as follows:<br />
Within 1 year 729 708 712<br />
After 1 year but within 2 years 586 603 603<br />
After 2 years but within 3 years 482 479 504<br />
After 3 years but within 4 years 411 410 419<br />
After 4 years but within 5 years 382 364 347<br />
After 5 years 1 083 1 040 1 176<br />
10111 0111 0111<br />
3 673 3 604 3 761<br />
10111 0111 0111<br />
Other commitments 563 553 346<br />
Of which payable within one year 153 187 246<br />
0000§0000000000001111
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