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Unilever Annual Report & Accounts and Form 20-F 2002
82 Notes to the consolidated accounts
Unilever Group
11 Fixed investments continued
The following tables show the movements during the year in
connection with joint ventures, associates and other fixed
investments:
million million
Joint ventures – movements during 2002 Goodwill Other
1 January 513 195
Acquisitions/disposals (225) (100)
Amortisation (16) –
Currency retranslation (61) (19)
Additions/reductions –(8)
Share of profit retained –(5)
31 December 211 63
million million
Associates – movements during 2002 Goodwill Other
1 January ––
Acquisitions/disposals 178 (195)
Amortisation (6) –
Currency retranslation (18) 20
Additions/reductions –1
Share of profit retained –6
154 (168)
Of which: Net liabilities of JohnsonDiversey
reclassified to provisions for liabilities
and charges (15 million net) (154) 169
31 December –1
Associated companies primarily comprise our investments in
JohnsonDiversey Holdings Inc. and Langholm Capital. Other Unilever
Ventures investments are included under Other fixed investments
below. For further details of these investments see page 10.
Other fixed investments – movements during 2002 million
1 January 176
Acquisitions/disposals 215
Currency retranslation (51)
Additions/reductions 64
31 December 404
million million
Analysis of listed and unlisted investments 2002 2001
Investments listed on a recognised
stock exchange 19 21
Unlisted investments 660 863
Total fixed investments 679 884
Market value of listed investments 19 21
Unlisted investments include the Senior Discount Note issued by
JohnsonDiversey as part consideration for the purchase of the
DiverseyLever business.
Sales agency fees payable to JohnsonDiversey are approximately
85 million per annum; interest receivable of 17 million was
accrued during 2002.
million million million
2002 2001 2000
Other income from fixed
investments
Income from other fixed investments 822
Profit/(loss) on disposal (15) 10 (6)
(7) 12 (4)
The following related party balances existed with associates at
31 December:
million million
2002 2001
Trading balances receivable 38 –
Financing balances receivable 247 –
12 Stocks
million million
2002 2001
Raw materials and consumables 1 720 2 105
Finished goods and goods for resale 2 780 3 238
Total stocks 4 500 5 343
13 Debtors
million million
2002 2001
Due within one year:
Trade debtors 4 112 5 344
Prepayments and accrued income 573 548
Other debtors 1 190 1 293
5 875 7 185
Due after more than one year:
Prepayments to funded pension schemes 17 840 917
Deferred taxation (a) 18 1 292 1 610
Other debtors 224 322
2 356 2 849
Total debtors 8 231 10 034
(a) Restated for FRS 19, see note 18 on page 94.
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
2002 2001 2000
Provision for doubtful debtors
Movements during the year:
1 January 328 307 279
Charged to profit and loss account 155 96 84
Charged to other accounts (a) (24) 13 54
Deductions (165) (88) (110)
31 December 294 328 307
(a) Includes currency retranslation of opening balances.