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* Vandepitte Haike * 3AFC. * Introduction * Balance sheet & income statement * Financial performance * Financial ratios * Conclusion.

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Presentation on theme: "* Vandepitte Haike * 3AFC. * Introduction * Balance sheet & income statement * Financial performance * Financial ratios * Conclusion."— Presentation transcript:

1 * Vandepitte Haike * 3AFC

2 * Introduction * Balance sheet & income statement * Financial performance * Financial ratios * Conclusion

3 * Founded in September 1929 by Lever brothers * Multinational consumer goods company * Food * Cleaning goods * Personal care products * Headquartered in London and Rotterdam * World’s third-largest consumer goods company * Over 400 brands (Lipton, Magnum, Rexona,…) * 174,000 employees

4 as at 31 December € million 2013 2012 Notes (Restated) Assets Non-current assets Goodwill9 13.917 14.619 Intangible assets9 6.987 7.099 Property, plant and equipment10 9.344 9.445 Pension asset for funded schemes in surplus4B 991 758 Deferred tax assets6B 1.084 1.050 Financial assets17A 505 535 Other non-current assets11 563 536 33.391 34.042 Current assets Inventories12 3.937 4.436 Trade and other current receivables13 4.831 4.436 Current tax assets 217 Cash and cash equivalents17A 2.285 2.465 Other financial assets17A 760 401 Non-current assets held for sale22 92 192 12.122 12.147 Total assets 45.513 46.189

5 Liabilities Current liabilities Financial liabilities15C 4.010 2.656 Trade payables and other current liabilities14 11.735 11.668 Current tax liabilities 1.254 1.129 Provisions19 379 361 Liabilities associated with assets held for sale22 4 1 17.382 15.815 Non-current liabilities Financial liabilities15C 7.491 7.565 Non-current tax liabilities 145 100 ` Funded schemes in deficit4B 1.405 2.060 Unfunded schemes4B 1.563 2.040 Provisions19 892 846 Deferred tax liabilities6B 1.524 1.414 Other non-current liabilities14 296 400 13.316 14.425 Total liabilities 30.698 30.240 Equity Shareholders’ equity Called up share capital15A 484 Share premium account 138 140 Other reserves15B (6.746) (6.196) Retained profit 20.468 20.964 Shareholders’ equity 14.344 15.392 Non-controlling interests15B 471 557 Total equity 14.815 15.949 Total liabilities and equity 45.513 46.189

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7 for the year ended 31 December € million 2013 2012 2011 Notes (Restated) (a) Turnover2 49.797 51.324 46.467 Operating profit2 7.517 6.977 6.420 After (charging)/crediting non-core items3 501 (73) 144 Net finance costs 5 (530) (535) (543) Finance income 103 136 92 Finance costs (500) (526) (540) Pensions and similar obligations (133) (145) (95) Share of net profit/(loss) of joint ventures and associates11 113 105 113 Other income/(loss) from non-current investments 14 (14) 76 Profit before taxation 7.114 6.533 6.066 Taxation6A (1.851) (1.697) (1.575) Net profit 5.263 4.836 4.491 Attributable to: Non-controlling interests 421 468 371 4.842 4.368 4.120 Combined earnings per share7 Basic earnings per share (€)1,711,541,46 Diluted earnings per share (€) 1,661,501,42

8 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME for the year ended 31 December € million 2013 2012 2011 Notes (Restated) Net profit 5.263 4.836 4.491 Other comprehensive income6C Items that will not be reclassified to profit or loss: Actuarial gains/(losses) on pension schemes net of tax 15B 697 (497) (1.097) Items that may be reclassified subsequently to profit or loss: Currency retranslation gains/(losses) net of tax(a)15B (999) (316) (703) Fair value gains/(losses) on financial instruments net of tax15B 106 (125) (168) Total comprehensive income 5.067 3.898 2.523 Attributable to: Non-controlling interests 339 444 314 Shareholders’ equity 4.728 3.454 2.209 (a) Includes fair value gains/(losses) on net investment hedges of €275 million (2012: €(160) million; 2011: €45 million).

9 Dec 31, 2013 Dec 31, 2012 Dec 31, 2011 Dec 31, 2010 Dec 31, 2009 Current ratio0,700,770,800,920,93 Quick ratio0,420,430,490,470,57

10 Dec 31, 2013Dec 31, 2012Dec 31, 2011Dec 31, 2010Dec 31, 2009 Return on Sales Operating profit margin15,10%13,62%13,84%14,32%12,61% Return on Investment Return on equity (ROE)33,76%29,55%29,75%29,30%27,93%

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