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88 Unilever Annual Report and Accounts 2006
Financial Statements (continued)
8Dividends on ordinary capital
€million €million € million
Dividends paid on ordinary capital during the year 2006 2005 2004
Final dividend 2003 paid in June 2004 –– (1 116)
Interim dividend 2004 paid in November 2004 –– (603)
Final dividend 2004 paid in June 2005 –(1 229) –
Interim dividend 2005 paid in December 2005 –(638) –
Final dividend 2005 paid in June 2006 (1 269) ––
Interim dividend 2006 paid in December 2006 (664) – –
One-off dividend paid in December 2006 (751) ––
(2 684) (1 867) (1 719)
Per €0.16 NV ordinary share Per 31/9pPLC ordinary share
€€€pence pence pence
Dividends per share 2006 2005 2004 2006 2005 2004
Interim 0.23 0.22 0.21 15.62 15.04 14.07
Final –0.44 0.42 –30.09 28.49
Proposed final(a) 0.47 ––32.04 ––
0.70 0.66 0.63 47.66 45.13 42.56
One-off 0.26 ––17.66 ––
0.96 0.66 0.63 65.32 45.13 42.56
(a) The proposed final dividend on ordinary capital for the year 2006 has to be approved by shareholders at the Annual General Meetings.
In accordance with IFRS, no provision for the amount of this dividend, estimated at €1 358 million, has been recognised in the financial
statements for the year ended 31 December 2006.
Full details of dividends per share for the years 2002 to 2006 are given on page 145.
9Goodwill and intangible assets
Indefinite-lived intangible assets principally comprise those trademarks for which there is no foreseeable limit to the period over which they are
expected to generate net cash inflows. These are considered to have an indefinite life, given the strength and durability of our brands and the
level of marketing support. Brands that are classified as indefinite have been in the market for many years, and the nature of the industry we
operate in is such that brand obsolescence is not common, if appropriately supported by advertising and marketing spend. Finite-lived intangible
assets, which primarily comprise patented and non-patented technology,know-how, and software, are capitalised and amortised in operating
profit on a straight-line basis over the period of their expected useful lives, none of which exceeds ten years. The level of amortisation for finite-
lived intangible assets is not expected to change materially over the next five years.
€million €million
At cost less amortisation and impairment 2006 2005
Goodwill 12 425 12 963
Indefinite-lived intangible assets 4 174 4450
Finite-lived intangible assets 343 416
Software 264 226
17 206 18 055
€million €million €million €million €million
Indefinite- Finite-
lived lived
intangible intangible
Movements during 2006 Goodwill assets assets Software Total
Cost
1January 2006 14 080 4713 631 291 19 715
Acquisitions of group companies 60 8 1 –69
Disposals of group companies (1) – – – (1)
Change in useful life assumptions – (32) 32 ––
Additions – – 3 110 113
Currency retranslation (685) (280) (25) (9) (999)
31 December 2006 13 454 4 409 642 392 18 897
Amortisation and impairment
1January 2006 (1 117) (263) (215) (65) (1 660)
Amortisation for the year – – (94) (63) (157)
Impairment (12) – – (2) (14)
Currency retranslation 100 28 10 2 140
31 December 2006 (1 029) (235) (299) (128) (1 691)
Net book value 31 December 2006 12 425 4 174 343 264 17 206
Notes to the consolidated accounts Unilever Group