Unilever 2014 Annual Report Download - page 91

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24 PURHASE OF ESTATE SHARES ONVERTIBLE TO UNILEVER PL SHARES IN 2038
The frst Vscount Leverhulme was the founder of the company whch became Unlever PL When he ded n 1925, he left n hs wll
a large number of PL shares n varous trusts When the wll trusts were vared n 1983, the nterests of the benefcares of hs wll
were also preserved Four classes of specal shares were created n Margarne Unon (1930) Lmted, a subsdary of PL
One of these classes of shares (‘Estate shares’) has rghts that enable t to be converted at the end of the year 2038 to 70,875,000
Unlever PL ordnary shares Before ths date, these shares have no rghts to dvdends nor do they allow early converson There
are 20,000 Estate shares wth a nomnal value of £001 each
On 19 May 2014, Unlever PL purchased all of the Estate shares for a cash consderaton of £715 mllon plus transacton costs The
resultng loss of 880 mllon, beng the dfference between the nomnal value and the amount pad, has been recorded n retaned
earnngs Unlever ntends to cancel these shares
25 REMUNERATION OF AUDITORS
Ths note ncludes all amounts pad to the roup’s audtors, whether n relaton to ther audt of the roup orotherwise.
Following a competitive tender process KPMG LLP and KPMG Accountants N.V. (together referred to as “KPMG”) were appointed as the
Group’s auditor for the year ended 31 December 2014 at the Annual General Meetings on 14 May 2014. PricewaterhouseCoopers LLP
and PricewaterhouseCoopers Accountants N.V. (together referred to as “PricewaterhouseCoopers”) served as Group auditor for the
years ended 31 December 2013 and 2012. Remuneration of the Group’s auditor in respect of 2014 was payable to KPMG while in respect
of 2013 and 2012 remuneration was payable to PricewaterhouseCoopers.
During the year the Group (including its subsidiaries) obtained the following services from the Group auditor and its associates:
 mllon
2014
€ million
2013
€ million
2012
Fees payable to the Group’s auditor for the audit of the consolidated and parent
company accounts of Unilever N.V. and Unilever PLC(a) 5 6 7
Fees payable to the Group’s auditor for the audit of accounts of subsidiaries of
Unilever N.V. and Unilever PLC pursuant to legislation(b) 9 10 11
Total statutory audit fees(c) 14 16 18
Audit-related assurance services –(d) 3 2
Other taxation advisory services –(d) 1 1
Services relating to corporate finance transactions –– –
Other assurance services –(d) – –
All other non-audit services –(d) 1 –
(a) Of which:
€1 million was payable to KPMG Accountants N.V. (PricewaterhouseCoopers Accountants N.V. 2013: €1 million; and 2012: €1 million) and €4 million was
payable to KPMG LLP (PricewaterhouseCoopers LLP 2013 €5 million; 2012: €6 million).
(b) Comprises fees payable to the KPMG network of independent member firms affiliated with KPMG International Cooperative for audit work on statutory
financial statements and Group reporting returns of subsidiary companies in 2014 (2013 and 2012: PricewaterhouseCoopers International Limited).
(c) Amount payable to KPMG in respect of services supplied to associated pension schemes was less than €1 million individually and in aggregate
(PricewaterhouseCoopers 2013: €1 million; and 2012: €1 million).
(d) Amounts paid in relation to each type of service are less than €1 million individually and in aggregate.
26 EVENTS AFTER THE BALANE SHEET DATE
Where events occurring after the balance sheet date provide evidence of conditions that existed at the end of the reporting period,
the impact of these events is adjusted within the financial statements. Otherwise, events after the balance sheet date of a material
size or nature are disclosed below.
On 20 January 2015 Unilever announced a quarterly dividend with the 2014 fourth quarter results of €0.2850 per NV ordinary share and
£0.2177 per PLC ordinary share.
On 3 February 2015 Unilever issued a €750 million 0.50% fixed rate bond which will mature in seven years.
128 Unilever Annual Report and Accounts 2014Financial statements
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNILEVER GROUP CONTINUED