Unilever 2001 Annual Report Download - page 69

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Unilever Annual Report & Accounts and Form 20-F 2001
NOTES TO THE CONSOLIDATED ACCOUNTS
Unilever Group
>66
11 Fixed investments
million million
2001 2000
Share of joint ventures – Assets (a) 855 969
– Liabilities (147) (152)
Net assets of joint ventures 708 817
Other fixed investments 176 340
Total fixed investments 884 1 157
Investments listed on a
recognised stock exchange 21 24
Unlisted investments 863 1 133
884 1 157
Market value of listed investments 21 24
Movements during the year:
1 January 1 157
Acquisitions/disposals 28
Bestfoods adjustment (see note 24)(196)
Currency retranslation (52)
Additions/reductions (25)
Share of profits retained of joint ventures (28)
31 December 884
(a) Includes goodwill on consolidation of 513 million, the
amortisation charge for which, taken within share of operating
profit of joint ventures, was (36) million in 2001
(2000: (8) million).
million million million
2001 2000 1999
Other income from fixed
investments
Share of interest payable and
other income of joint ventures (5) (1) (5)
Income from other fixed investments 7310
Profit/(loss) on disposal 10 (6) 5
12 (4) 10
12 Stocks
million million
2001 2000
Raw materials and consumables 2 105 2 217
Finished goods and goods for resale 3 238 3 204
Total stocks 5 343 5 421
13 Debtors
million million
2001 2000
Due within one year:
Trade debtors 5 344 5 461
Prepayments and accrued income 548 498
Other debtors 1 293 1 295
7 185 7 254
Due after more than one year:
Prepayments to funded pension schemes 17 917 748
Deferred taxation 18 1 670 1 627
Other debtors 322 188
2 909 2 563
Total debtors 10 094 9 817
The following information is required by Schedule 210.12-09
under Regulation S-X of the United States Securities and
Exchange Commission:
million million million
2001 2000 1999
Provision for doubtful debtors
Movements during the year:
1 January 307 279 242
Charge to profit and loss account 96 84 85
Charged to other accounts (a) 13 54 17
Deductions (88) (110) (65)
31 December 328 307 279
(a) Includes currency retranslation of opening balances.
14 Net funds/(debt)
million million
2001 2000
Current investments
Listed 43 74
Unlisted 396 586
439 660
Cash at bank and in hand
On call and in hand 1 576 1 235
Repayment notice required 286 1 378
1 862 2 613
Borrowings
Bank loans and overdrafts (2 893) (2 849)
Bonds and other loans (22 607) (26 892)
(25 500) (29 741)
Total net funds/(debt) (23 199) (26 468)
Current investments include short-term deposits, government
securities and A- or higher rated money and capital market
instruments.
million million
2001 2000
Borrowings – additional details
The repayments fall due as follows:
Within one year:
Bank loans and overdrafts 2 719 2 649
Bonds and other loans 8 560 14 026
Total due within one year 11 279 16 675
After one year but within two years 5 090 4 036
After two years but within three years 1 736 3 103
After three years but within four years 2 257 721
After four years but within five years 1 917 1 915
After five years: By instalments –3
Not by instalments 3 221 3 288
Total due after more than one year 14 221 13 066
Total amount repayable by instalments any of
which are payable after five years –29
Secured borrowings – mainly bank loans
and overdrafts 24 104
Of which secured against tangible fixed assets 15 89