Unilever 2014 Annual Report Download - page 97

LEGAL RESERVE
In 2006 the NV ordnary shares were splt n the rato 3 to 1 and
atthe same tme the share captal, prevously denomnated n
Dutchgulders, was converted nto euros Due to roundng the
new nomnal value pershare dffers from the value expressed
n Dutch gulders As a result, thereported share captal ssued
at 31 December 2006 was 16 mllon lower than n 2005
OTHER RESERVES
€ million
2014
 mllon
2013
1 January (3,237) (3,330)
hange durng the year (88) 93
31 December (3,325) (3,237)
Unlever NV holds 153,681,322 (2013 152,979,295) of ts own
ordnary shares These are ncluded n other reserves
PROFIT RETAINED
€ million
2014
 mllon
2013
1 January 10,977 10,872
Proft for the year 2,221 1,682
Dvdends (1,757) (1,638)
Realsed proft/(loss) on shares/certfcates held
to meet employee share optons 44 50
Other charges (2) 11
31 December 11,483 10,977
Unlever NV has approved the waver by one of ts subsdares of
dvdends recevable of 567 mllon n 2014 The profts for the
year n that subsdary are reduced by ths amount
Unlever NV has approved a transfer of assets beng a recevable
amountng to 2,929 mllon through a gft from a subsdary of
Unlever NV to a subsdary of Unlever PL
PROVISIONS FOR LIABILITIES AND CHARGES
(EXCLUDING PENSIONS ANDSIMILAR OBLIGATIONS)
€ million
2014
 mllon
2013
Deferred taxaton 62 84
Other provsons 13 13
75 97
Of whch due wthn one year 99
At the balance sheet date, Unlever NV has unused tax credts
amountng to 300 mllon (2013 267 mllon) avalable for offset
aganst future tax profts Deferred tax assets have not been
recognsed for an amount of 300 mllon (2013 267 mllon) as
t s not probable that there wll be future taxable profts aganst
whch the credts wll be utlsed
NET PENSION LIABILITY
€ million
2014
 mllon
2013
Funded retrement (beneft)/lablty 8(1)
Unfunded retrement lablty 109 101
117 100
In respect of the key assumptons for the Netherlands, dsclosures
are gven n note 4B to the consoldated accounts on pages 93 to 98
CONTINGENT LIABILITIES
NV has ssued ont and several lablty undertakngs, as defned
n Artcle 2403 of the Dutch vl ode, for almost all Dutch group
companes These wrtten undertakngs have been fled wth the
offce of the ompany Regstry n whose area of ursdcton the
group company concerned has ts regstered offce
ontngent labltes are not expected to gve rse to any materal
loss They nclude guarantees gven for group companes and ont
guarantees wth Unlever PL and Unlever Unted States, relatng
to the long-term debt and commercal paper ssued by Unlever
PL and/or Unlever aptal orporaton Inc The far value of such
guarantees was not sgnfcant n ether 2014 or 2013 The guarantees
ssued to other companes were mmateral
REMUNERATION OF THE AUDITORS
For detals of the remuneraton of the audtors please refer to
note 25 on page 128
PROFIT FOR THE YEAR
€ million
2014
 mllon
2013
ompany accounts Unlever NV 2,221 1,682
Unlever roup excludng non-controllng nterest 5,171 4,842
The net proft of Unlever roup of 5,171 mllon (2013 4,842
mllon) ncludes the net proft of parent Unlever NV 2,221 mllon
(2013 1,682 mllon) and the net proft of parent Unlever PL
£1,093 mllon (2013 £1,183 mllon) The remanng dfference arses
from the recognton n NV’s accounts of nvestments n subsdares
at cost less any amounts wrtten off to reflect a permanent
mparment, ntra-group balances and transactons are not
elmnated and other consoldated procedures are not performed
DIRECTORS’ REMUNERATION
Informaton about the remuneraton of Drectors s gven n the
tables noted as audted n the Drectors’ Remuneraton Report
onpages 62 to 77, ncorporated and repeated here by reference
Informaton on key management compensaton s provded n note
4A to the consoldated group fnancal statements on page 93
EMPLOYEE INFORMATION
Durng 2014 16 employees were employed by Unlever NV, of
whom 15 worked abroad
The Board of Directors
3 March 2015
134 Unilever Annual Report and Accounts 2014Financial statements
NOTES TO THE OMPANY AOUNTS
UNILEVER NV ONTINUED