Unilever 1999 Annual Report Download - page 45

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Notes to the company accounts
Unilever N.V.
Fixed investments
Fl. million
1999 1998
Shares in group companies 2173 2 173
Book value of PLC shares held in
connection with share options
(a)
276 —
Less NV shares held by group
companies
(a)
(252) (499)
2197 1 674
(a) During 1999 NV acquired from group companies certain NV
and PLC shares held in connection with share options. The PLC
shares held by NV are shown as part of the NV fixed
investments; NV shares still held by group companies are
deducted from NV fixed investments; NV shares now held
directly by NV are no longer deducted.
Debtors
Loans to group companies 8844 7 935
Other amounts owed by group
companies 6023 13 338
Amounts owed by undertakings
in which the company has a
participating interest 156 155
Other 566 284
15 589 21 712
Of which due after more than
one year 2404 2 810
Current investments
Listed stocks 1342 587
Cost of current investments 1338 570
Cash at bank and in hand
This includes amounts for which
repayment notice is required of 3376 1 169
Creditors
Due within one year:
Bank loans and overdrafts 25 33
Bonds and other loans 1400 1 253
Loans from group companies 41 26
Other amounts owed to group
companies 7488 6 284
Taxation and social security 128 126
Accruals and deferred income 348 213
Dividends 1098 10 375
Other 299 70
10 827 18 380
Due after more than one year:
Bonds and other loans 3580 3 780
Loans from group companies ——
3580 3 780
These include amounts due
after more than five years:
Bonds and other loans 439 1 698
Provisions for liabilities and charges
Fl. million
1999 1998
Pension provisions 287 275
Deferred taxation and other provisions 89 74
376 349
Of which due within one year 18 41
Ordinary share capital
Shares numbered 1 to 2 400 are held by a subsidiary of NV and a
subsidiary of PLC. Additionally, 7 225 674 Fl. 1.12 ordinary shares
are held by NV and other group companies and trusts. Full details
are given in note 20 on pages 20, 21 and 22.
Share premium account
The share premium shown in the balance sheet is not available for
issue of tax free bonus shares or for tax free repayment. For an
amount of Fl. 3 045 million the premium is for Dutch tax purposes
considered ‘profit retained’.
Profit retained and other reserves
Profit retained 31 December 4 782 2 388
Cost of NV shares purchased
and held by NV and by group
companies (809) (498)
Balance 31 December 3 973 1 890
Profit retained shown in the company accounts and the notes
thereto is less than the amount shown in the consolidated balance
sheet, mainly because only part of the profits of group companies
has been distributed in the form of dividends.
Contingent liabilities
These are not expected to give rise to any material loss and include
guarantees given for group and other companies, under which
amounts outstanding at 31 December were:
Group companies 4 120 4 303
Other 1—
4 121 4 303
Of the above, guaranteed also by
PLC 990 868
45 Unilever Annual Accounts 1999