Unilever 2002 Annual Report Download - page 136

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Notes to the company accounts 133
Unilever N.V.
Unilever Annual Report & Accounts and Form 20-F 2002
Financial Statements
Fixed investments
€million €million
2002 2001
Shares in group companies 11 008 7 201
Book value of PLC shares held in
connection with share options 368 264
Less NV shares held by group companies (168) (153)
Other unlisted investments 208 16
11 416 7 328
Movements during the year:
1 January 7 328
Movement in PLC shares held in
connection with share options 104
Movement in NV shares held by
group companies (14)
Other unlisted investments 191
Additions 6 423
Decrease (2 616)
31 December 11 416
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
2002 2001
Loans to group companies 19 214 16 607
Other amounts owed by group companies 1 089 2 570
Amounts owed by undertakings in which
the company has a participating interest 11
Other 298 196
20 602 19 374
Of which due after more than one year 882 9
Cash at bank and in hand
€million €million
2002 2001
This includes amounts for which repayment
notice is required of: 187 61
Creditors
€million €million
2002 2001
Due within one year:
Bank loans and overdrafts 439
Bonds and other loans 4 536 5 898
Loans from group companies 1 817 638
Other amounts owed to group companies 12 304 8 805
Taxation and social security 238 79
Accruals and deferred income 205 264
Dividends 643 601
Other 162 15
19 909 16 339
Due after more than one year:
Bonds and other loans 5 257 5 883
Provisions for liabilities and charges
€million €million
2002 2001
Pension provisions 131 124
Deferred taxation and other provisions 131 172
262 296
Of which due within one year 73 68
Ordinary share capital
Shares numbered 1 to 2 400 are held by a subsidiary of NV and
asubsidiary of PLC, each holding 50%. Additionally, 17 711 169
€0.51 ordinary shares are held by NV and other group companies.
Full details are given in note 29 on page 111.
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 Netherlands tax law, as a result of which dividends received
from 2001 onwards by individual shareholders who are Netherlands
residents are no longer taxed.
Profit retained and other reserves
€million €million
2002 2001
Profit retained 31 December 6 591 3 508
Cost of NV shares purchased and held by
NV and by its subsidiaries (1 041) (783)
Balance 31 December 5 550 2 725
Profit retained shown in the company accounts and the notes
thereto is greater than the amount shown in the consolidated
balance sheet, mainly because of certain inter-company transactions
which are eliminated in the consolidated accounts.
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
2002 2001
Group companies 8 878 11 033
Of the above, guaranteed also by PLC 5 864 6 247