Unilever 2000 Annual Report Download - page 109

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107
Unilever Annual Report & Accounts and Form 20-F 2000 Financial Statements
Further statutory information
Unilever N.V.
The rules for profit appropriation in the Articles of
Association (summary of Article 41)
The profit of the year is applied firstly to the reserves required by
law or by the Equalisation Agreement, secondly to cover losses
of previous years, if any, and thirdly to the reserves deemed
necessary by the Board of Directors. Dividends due to the holders
of the Cumulative Preference Shares, including any arrears in such
dividends, are then paid; if the profit is insufficient for this purpose,
the amount available is distributed to them in proportion to the
dividend percentages of their shares. Any profit remaining thereafter
is at the disposal of the General M eeting. Distributions from this
remaining profit are made to the holders of the ordinary shares pro
rata to the nominal amounts of their holdings. The General M eeting
can only decide to make distributions from reserves on the basis of
a proposal by the Board and in compliance with the law and the
Equalisation Agreement.
€million
2000 1999
Proposed profit appropriation
Profit of the year 1 056 1 822
Preference dividends (44) (20)
Profit at disposal of the Annual General
Meeting of shareholders 1 012 1 802
Ordinary dividends (807) (716)
Profit of the year retained 205 1 086
Profit retained – 1 January 2 170 1 084
Profit retained – 31 December 2 375 2 170
Special controlling rights under the Articles
of Association
See note 21 on page 64.
Auditors
A resolution w ill be proposed at the Annual General Meeting on 9
May 2001 for the reappointment of PricewaterhouseCoopers N.V.
as auditors of NV. The present appointment will end at the
conclusion of the Annual General M eeting.
J W B Westerburgen
S G Williams
Joint Secretaries of Unilever N.V.
5 March 2001
Corporate Centre
Unilever N.V.
Weena 455
PO Box 760
3000 DK Rotterdam