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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Selected financial data<br />
Consolidated cash flow statement<br />
(g)<br />
00000000000000001111<br />
Fl. million<br />
00511100000<br />
1995 1996 1997 1998 1999<br />
0000000000 01111 01111 01111 01111<br />
Cash flow from operating activities 8 182 9 983 12 249 9 948 12 460<br />
Returns on investments and servicing <strong>of</strong> finance (756) (687) (750) 201 (283)<br />
Taxation (1 669) (1 877) (4 157) (2 779) (3 180)<br />
Capital expenditure and financial investment (2 953) (2 819) (2 774) (3 083) (3 307)<br />
Acquisitions and disposals (1 581) (2 275) 13 749 744 (799)<br />
Dividends paid on ordinary share capital (1 533) (1 786) (2 062) (2 365) (2 791)<br />
Special dividend (13 427)<br />
11110 01111 01111 01111 01111<br />
Cash flow before management <strong>of</strong><br />
liquid resources and financing (310) 539 16 255 2 666 (11 327)<br />
Management <strong>of</strong> liquid resources 651 (766) (14 122) (4 413) 12 509<br />
Financing (195) 770 (1 517) 92 (322)<br />
11110 01111 01111 01111 01111<br />
Increase/(decrease) in cash in the period 146 543 616 (1 655) 860<br />
Key ratios<br />
Return on shareholders’ equity (%) 26.4 29.4 49.8 24.6 42.3<br />
Return on capital employed (%) 14.2 15.2 28.5 16.0 22.3<br />
Operating margin (%) 8.0 8.6 8.0 10.9 10.5<br />
Net pr<strong>of</strong>it margin (%) (h) 4.7 4.8 11.6 7.3 6.8<br />
Net interest cover (times) 10.1 11.6 68.0 — 319.0<br />
Net gearing (%) 24.0 23.5 — — —<br />
Earnings: fixed charges 5.7 6.5 12.8 9.7 8.1<br />
Sterling/guilder exchange rates<br />
Annual average £1 = Fl. 2.53 2.62 3.18 3.29 3.35<br />
Year-end £1 = Fl. 2.49 2.96 3.34 3.12 3.55<br />
Selected financial data on a US GAAP basis<br />
Net pr<strong>of</strong>it 3 740 3 568 10 581 5 605 5 488<br />
Combined earnings per share<br />
Guilders per Fl. 1.12 (1995–98: Fl. 1) <strong>of</strong> ordinary capital 3.34 3.19 9.47 5.01 5.20<br />
Combined earnings per share excluding<br />
non-operating exceptional items<br />
Guilders per Fl. 1.12 (1995–98: Fl. 1) <strong>of</strong> ordinary capital 2.87 2.72 3.08 5.01 5.20<br />
Capital and reserves 27 402 31 388 42 441 42 515 33 883<br />
Earnings: fixed charges 6.1 5.9 12.3 8.4 7.5<br />
Net gearing (%) 14.3 13.4 — — —<br />
Net interest cover (times) 11.2 10.6 60.5 — 183.0<br />
Additional financial data<br />
Total assets 48 189 54 040 65 635 67 186 61 458<br />
Creditors due after more than one year 6 386 7 585 7 263 6 702 6 241
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