UL » Topics » 6 Taxation on profit on ordinary activities

This excerpt taken from the UL 20-F filed Mar 24, 2005.
6 Taxation on profit on ordinary activities (continued)

The total charge in future periods will be affected by any changes to the corporate tax rates in force in the countries in which the Group operates. The current tax charges will also be affected by changes in the excess of tax depreciation over book depreciation and the use of tax credits.

Analyses of European and non-European profit on ordinary activities before taxation, and of the actual taxation charge thereon, are as follows:

 
€ million
 
€ million
 
€ million
 
 
2004
 
2003
 
2002
 






 
Profit on ordinary activities before taxation            
Europe:            
   Parent and group companies 1 967   2 586   2 077  
   Joint ventures 10   11   19  
   Associates 17   11   12  
 




 
  1 994   2 608   2 108  
 




 
Outside Europe:            
   Group companies 833   1 931   1 890  
   Joint ventures 33   33   60  
   Associates (21 ) (34 ) (5 )
 




 
  845   1 930   1 945  
 




 
Total 2 839   4 538   4 053  
 




 
             
Taxation on profit on ordinary activities            
Europe:            
   Parent and group companies            
   Taxes payable (718 ) (644 ) (723 )
   Deferred taxation 185   (67 ) 65  
   of which:            
      Accelerated depreciation 61   18   113  
      Other 124   (85 ) (48 )
   Joint ventures (3 ) (4 ) (6 )
   Associates (3 ) (3 ) (5 )
 




 
  (539 ) (718 ) (669 )
 




 
Outside Europe:            
   Group companies            
   Taxes payable (570 ) (665 ) (1 084 )
   Deferred taxation 326   (153 ) 160  
   of which:            
      Accelerated depreciation 11     (63 )
      Other 315   (153 ) 223  
   Joint ventures (1 ) (1 ) (13 )
   Associates 2   10   1  
 




 
  (243 ) (809 ) (936 )
 




 
Total (782 ) (1 527 ) (1 605 )

 

Unilever Annual Report and Accounts 2004     111


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