Unilever 2001 Annual Report Download - page 105

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Unilever Annual Report & Accounts and Form 20-F 2001
>102
>102
NOTES TO THE COMPANY ACCOUNTS
Unilever N.V.
Fixed investments
€million €million
2001 2000
Shares in group companies 7 201 7 033
Book value of PLC shares held in
connection with share options 264 169
Less NV shares held by group companies (153) (126)
Other unlisted investments 16 16
7 328 7 092
Movements during the year:
1 January 7 092
Book value of PLC shares held in
connection with share options 95
Less NV shares held by group companies (27)
Additions 315
Decrease (147)
31 December 7 328
Shares in group companies are stated at cost in accordance with
international accounting practice in various countries, in particular
the United Kingdom.
Debtors
€million €million
2001 2000
Loans to group companies 16 607 10 363
Other amounts owed by group companies 2 570 2 790
Amounts owed by undertakings in which
the company has a participating interest 11
Other 196 112
19 374 13 266
Of which due after more than one year 913
Cash at bank and in hand
€million €million
2001 2000
This includes amounts for which repayment
notice is required of: 61 489
Creditors
€million €million
2001 2000
Due within one year:
Bank loans and overdrafts 39 10
Bonds and other loans 5 898 4 499
Loans from group companies 638 3 571
Other amounts owed to group companies 8 805 5 088
Taxation and social security 79 126
Accruals and deferred income 264 223
Dividends 601 544
Other 15 7
16 339 14 068
Due after more than one year:
Bonds and other loans 5 883 3 336
Other creditors –8
5 883 3 344
Provisions for liabilities and charges
€million €million
2001 2000
Pension provisions 124 124
Deferred taxation and other provisions 172 36
296 160
Of which due within one year 68 16
Ordinary share capital
Shares numbered 1 to 2 400 are held by a subsidiary of NV and a
subsidiary of PLC. Additionally, 13 679 007 0.51 ordinary shares
are held by NV and other group companies. Full details are given
in note 28 on pages 79 to 87.
Share premium account
The share premium shown in the balance sheet is not available
for the issue of bonus shares or for repayment without incurring
withholding tax payable by the company. This is despite the change
in the Dutch tax law, as a result of which dividends received from
2001 onwards by individual shareholders who are Dutch residents
are no longer taxed. For an amount of 1 382 million the premium
is for Dutch tax purposes considered ‘profit retained’.
Profit retained and other reserves
€million €million
2001 2000
Profit retained 31 December 3 508 2 375
Cost of NV shares purchased and held by
NV and by group companies (783) (509)
Balance 31 December 2 725 1 866
Profit retained shown in the company accounts and the notes
thereto is less than the amount shown in the consolidated balance
sheet, mainly because only part of the profits of group companies
has been distributed in the form of dividends.
Contingent liabilities
These are not expected to give rise to any material loss and include
guarantees given for group and other companies, under which
amounts outstanding at 31 December were:
€million €million
2001 2000
Group companies 11 033 15 161
Other ––
11 033 15 161
Of the above, guaranteed also by PLC 6 247 12 141