Unilever 2005 Annual Report Download - page 111

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108 Unilever Annual Report and Accounts 2005
Notes to the consolidated accounts
Unilever Group
18 Borrowings (continued)
€ million € million
Issued,
Number Nominal Number called up
of shares value of shares and fully
Preference shares NV as at 31 December 2005(e) authorised Authorised per share issued paid
7% Cumulative Preference 75 000 34 €453.78 29 000 13
6% Cumulative Preference 200 000 91 €453.78 161 060 73
4% Cumulative Preference 750 000 34 €45.38 750 000 34
Share premium 4
159 124
(e) From 1 January 2005, Unilever has adopted IAS 32 ‘Financial Instruments: Disclosure and Presentation’ which requires preference shares
that provide for a fixed preference dividend to be classified as borrowings. In accordance with the transition rules for IAS 32, amounts for
2004 have not been restated.
The 7%, 6% and 4% preference shares of NV are entitled to dividends at the rates indicated. The 4% cumulative preference capital of NV is
redeemable at par at the company‘s option either wholly or in part. The other classes of preferential share capital of NV are not redeemable.
€ million € million
Borrowings – additional details 2005 2004
The repayments fall due as follows
Within one year:
Bank loans and overdrafts 786 823
Bonds and other loans 5 156 4 332
Total due within one year 5 942 5 155
After one year but within two years 2 049 1 917
After two years but within three years 180 1 891
After three years but within four years 391 177
After four years but within five years 1 493 351
After five years 2 344 2 557
Total due after more than one year 6 457 6 893
Secured borrowings 8136
Of which secured against property, plant and equipment –108