Unilever 2005 Annual Report Download - page 105
Download and view the complete annual report
Please find page 105 of the 2005 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.-
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
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
 |
 |
102 Unilever Annual Report and Accounts 2005
Notes to the consolidated accounts
Unilever Group
12 Biological assets
The fair value of tea bushes older than 10 years is based on the market price of the estimated recoverable tea leaf volumes, net of harvest
costs. The fair value of oil palm trees older than 8 years is based on the market price of the estimated recoverable palm oil volumes, net of
harvest costs. The fair value of immature tea bushes and oil palm trees is based on the present value of the net cash flows expected to be
generated by the plants at maturity.
€ million € million
At fair value 2005 2004
Tea bushes 23 28
Oil palm trees 14 5
37 33
€ million € million € million
Tea Oil palm
Movements during 2005 bushes trees Total
31 December 2004 28 5 33
New plantations/acquisitions 1–1
Increase/(decrease) in fair value less estimated point-of-sale costs 9615
Disposals of group companies (2) – (2)
Reclassification as held for sale (21) – (21)
Other adjustments 224
Currency retranslation 617
31 December 2005 23 14 37
€ million € million € million
Tea Oil palm
Movements during 2004 bushes trees Total
1 January 2004 24 5 29
Increase/(decrease) in fair value less estimated point-of-sale costs 6 – 6
Currency retranslation (2) – (2)
31 December 2004 28 5 33
As at 31 December 2005, tea bushes comprised approximately 18 000 hectares of tea plantations in India, Kenya and Tanzania. During
2005 the Group harvested approximately 258 000 tonnes of tea leaves, which had a fair value less estimated point-of-sale costs of €48 million
at the date of harvest.
As at 31 December 2005, oil palm trees included above comprised approximately 45 000 hectares of oil palm plantations in Côte d’Ivoire and
Ghana. These plantations range from newly established plantations to plantations that are 32 years old. During 2005 the Group harvested
approximately 257 000 tonnes of palm oil, which had a fair value less estimated point-of-sale costs of €47 million at the date of harvest.