Unilever 1999 Annual Report Download - page 15

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Unilever Group Notes to the consolidated accounts
9 Tangible fixed assets
Fl. million
1999 1998
At cost less depreciation:
Land and buildings
(a)
6019 5 631
Plant and machinery 13 421 12 414
19 440 18 045
(a) includes: freehold land 722 675
leasehold land (mainly
long-term leases) 205 168
Approximate current replacement
cost of tangible fixed assets net of
accumulated current cost
depreciation 22 559 21 255
On a current replacement cost
basis the depreciation charge to
the profit and loss account would
have been increased by (559) (565)
Commitments for capital
expenditure at 31 December 547 627
Land and Plant and
Movements during 1999
buildings machinery
Cost
1 January 8 145 25 228
Currency retranslation 623 1 742
Capital expenditure 374 2 501
Disposals (413) (2 355)
Acquisition/disposal of group companies (101) (123)
Other adjustments 20 (27)
31 December 8 648 26 966
Depreciation
1 January 2 514 12 814
Currency retranslation 169 809
Disposals (283) (1 991)
Acquisition/disposal of group companies (38) (289)
Charged to profit and loss account
(b)
259 2 220
Other adjustments 8 (18)
31 December 2 629 13 545
Net book value 31 December 6 019 13 421
Includes payments on account and
assets in course of construction 178 881
(b) Including a charge of Fl. 385 million in respect of certain fixed
assets written down to net realisable value in connection with
restructuring projects.
10 Fixed investments
Fl. million
1999 1998
Share of joint ventures:
Assets 147 166
Liabilities (72) (99)
Net assets 75 67
Other fixed investments 238 257
313 324
Investments listed on a recognised
stock exchange 51 25
Unlisted investments 262 299
313 324
Market value of listed investments 82 62
Movements during the year:
1 January 324
Acquisitions/disposals —
Currency retranslation 15
Additions/reductions (40)
Share of profits of joint ventures 14
31 December 313
Income from fixed investments
Share of joint ventures’ operating
profit 93 67
Share of interest and other income (12) —
Share of joint ventures’ profit
before taxation 81 67
Income from other fixed
investments 21 15
Profit on disposal 12 —
114 82
11 Stocks
Raw materials and consumables 4 619 4 508
Finished goods and goods for
resale 6 672 5 953
11 291 10 461
12 Debtors
Due within one year:
Trade debtors 9 287 8 204
Prepayments and accrued income 863 795
Other debtors 2 503 2 298
12 653 11 297
Due after more than one year:
Prepayments to funded pension
schemes 17 1 350 1 258
Deferred taxation 18 2 596 1 939
Other debtors 336 355
4 282 3 552
Total debtors 16 935 14 849
15 Unilever Annual Accounts 1999