Unilever 2000 Annual Report Download - page 84

Download and view the complete annual report

Please find page 84 of the 2000 Unilever annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 128

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128

Unilever Annual Report & Accounts and Form 20-F 2000 Financial Statements
82
Notes to the consolidated accounts
Unilever Group
Unilever Annual Report & Accounts and Form 20-F 2000
34 Equity based compensation plans continued
2000 1999 1998
PLC Option value information (a)
Fair value per option (b) £1.00 £1.16 £1.58
Valuation assumptions
Expected option term 5.1 years 5 years 5 years
Expected volatility 24.55% 24.23% 17.62%
Expected dividend yield 3.36% 2.84% 1.50%
Risk-free interest rate 5.89% 4.58% 6.13%
NV Option value information (a)
Fair value per option (b) £6.25 £9.03 £9.92
Valuation assumptions
Expected option term 5 years 5 years 5 years
Expected volatility 26.04% 23.19% 18.87%
Expected dividend yield 4.46% 1.56% 1.38%
Risk-free interest rate 4.95% 3.32% 4.48%
(a) Weighted average of options granted during each period.
(b) Estimated using Black Scholes option pricing method.
The follow ing table summarises information about fixed price stock options outstanding at 31 December 2000:
Options Outstanding Options Exercisable
Number Weighted Number
outstanding at average Weighted exercisable at Weighted
Range of 31 December remaining average 31 December average
exercise prices 2000 contractual life exercise price 2000 exercise price
PLC Options
£2.07 18 584 5 months £2.07 18 584 £2.07
£2.27 103 860 11 months £2.27 103 860 £2.27
£2.62 60 668 1 year £2.62 60 668 £2.62
£2.54 214 304 2 years £2.54 214 304 £2.54
£2.83 128 924 3 years £2.83 128 924 £2.83
£2.54 645 339 3 years £2.54 645 339 £2.54
£2.83 281 796 3 years £2.83 281 796 £2.83
£2.98 969 456 4 years £2.98 969 456 £2.98
£3.07 593 648 4 years £3.07 593 648 £3.07
£3.08 1 032 652 5 years £3.08 1 032 652 £3.08
£3.43 452 188 5 years £3.43 452 188 £3.43
£4.07 1 260 872 6 years £4.07 1 260 872 £4.07
£4.53 9 276 6 years £4.53 9 276 £4.53
£6.68 2 103 030 7 years £6.68 — —
£6.79 27 500 7 years £6.79 — —
£5.55 3 565 525 8 years £5.55 — —
£3.47 320 000 9 years £3.47 — —
£4.29 2 915 100 9 years £4.29 — —
£5.36 340 551 10 years £5.36 — —
£2.07 to £6.79 15 043 273 £4.51 5 771 567 £3.19
NV Options
42.79 189 412 6 years 42.79 189 412 42.79
49.63 1 436 6 years 49.63 1 436 49.63
69.29 320 976 7 years 69.29 — —
73.97 4 250 7 years 73.97 — —
63.50 545 873 8 years 63.50 — —
42.83 48 000 9 years 42.83 — —
53.95 447 050 9 years 53.95 — —
65.40 51 131 10 years 65.40 — —
42.79 to 73.97 1 608 128 59.02 190 848 42.84