Unilever 2006 Annual Report Download - page 97
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94 Unilever Annual Report and Accounts 2006
Financial Statements (continued)
13Inventories
€million €million
Inventories 2006 2005
Raw materials and consumables 1360 1512
Finished goods and goods for resale 2436 2595
3796 4107
Inventories with a value of €96 million (2005: €123 million) are carried at net realisable value, this being lower than cost. During 2006,
€160 million (2005: €159 million) was charged to the income statement for damaged, obsolete and lost inventories. In 2006, €34 million
(2005: €35 million) was utilised or released to the income statement from inventory provisions taken in earlier years.
In 2006, inventories with a carrying amount of €6 million were pledged as security for certain of the Group’s borrowings (2005: €8 million).
14 Trade and other receivables
€million €million
Trade and other receivables 2006 2005
Due within one year
Trade receivables 3054 3345
Prepayments and accrued income 477 833
Other receivables 759 652
4290 4830
Due after more than one year
Other receivables 252 231
Total trade and other receivables 4542 5061
Concentrations of credit risk with respect to trade receivables are limited, due to the Group’s customer base being large and diverse.
€million €million
Impairment provision for trade receivables – movements during the year 2006 2005
1January 258 232
Charged to current year income statement 38 39
Reductions/releases (107) (33)
Currency retranslation (9) 20
31 December 180 258
Notes to the consolidated accounts Unilever Group