Unilever 2006 Annual Report Download - page 98

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Unilever Annual Report and Accounts 2006 95
Financial Statements (continued)
Notes to the consolidated accounts Unilever Group
15 Cash and cash equivalents and other financial assets
€million €million
Cash and cash equivalents and other financial assets 2006 2005
Cash and cash equivalents
Cash at bank and in hand 469 867
Short-term deposits with maturity of less than three months 390 412
Other cash equivalents 180 250
1039 1529
Other financial assets
Listed 47 36
Unlisted 190 299
237 335
Total cash and cash equivalents and other financial assets 1276 1864
Other financial assets include government securities and A minus or higher rated money and capital market instruments.
€million €million € million
Cash and cash equivalents included in the cash flow statement 2006 2005 2004
Cash and cash equivalents as per balance sheet 1039 1529 1 590
Cash and cash equivalents in businesses held for sale – 1 n/a
Bank overdrafts (329) (265) (184)
710 1265 1 406
Interest rate profile and currency analysis of financial assets
The table set out below takes into account the various interest rate swaps and forward foreign currency contracts entered into by the Group,
details of which areset out in note 17 on pages 99 and 100.
The interest rate profiles of the Group’s financial assets analysed by principal currency are set out in the table below:
€million € million € million
Fixed Fixed Fixed Floating Floating
rate rate rate rate rate Total
Amount Average Weighted
of fixing interest rate average Interest
for following for following fixing rate for
year year period 2007
Assets – 2006
Euro 1 3.1% 0.1 years 210 4.1% 211
Sterling 1 549 5.3% 1.0 years 1 193 5.6% 2742(a)
US dollar – 8 5.4% 8
Indian rupee – 403 8.8% 403
Other – 635 7.0% 635
1550 2449 3999
Sterling leg of currency derivatives mainly relating to intra-group loans(a) (2 723)
Total 1276
Assets – 2005(b)
Euro 14 3.1% 1.1 years 636 650
Sterling – 57 57
US dollar – 94 94
Indian rupee – 346 346
Other – 967 967
Total 14 2 100 2 114(c)
(a) Includes the sterling leg of the currency derivatives mainly relating to intra-group loans, amounting to €2 723 million for 2006. These
derivatives create a sterling interest rate exposure. However, to reconcile the assets with the balance sheet, the total value is eliminated
again. The other leg of the currency derivatives is shown in note 16 as a liability.
(b) Figures for 2005 have been restated to reflect the amount of fixing and related average interest rate for the following year.
(c) Includes fair value of borrowing-related derivatives amounting to €250 million. For further information please refer to note 17 on
pages 99 and 100.