Unilever 2000 Annual Report Download - page 108

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106
Unilever Annual Report & Accounts and Form 20-F 2000 Financial Statements
Notes to the company accounts
Unilever N.V.
Fixed investments
€million
2000 1999
Shares in group companies 7 033 986
Book value of PLC shares held in
connection with share options (a) 169 125
Less NV shares held by group
companies (a) (126) (114)
Other unlisted investments 16 —
7 092 997
Movements during the year:
1 January 997
Book value of PLC shares held in
connection with share options (a) 44
Less NV shares held by group
companies (a) (12)
Additions 6 047
Other unlisted investments 16
31 December 7 092
Shares in group companies are stated at cost in accordance w ith
international accounting practice in various countries, in particular the
United Kingdom.
(a) During 1999 NV acquired from group companies NV and PLC
shares held in connection with share options. The PLC shares
held by NV are show n 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 10 363 4 013
Other amounts ow ed by group companies 2 790 2 733
Amounts owed by undertakings in w hich
the company has a participating interest 171
Other 112 257
13 266 7 074
Of w hich due after more than one year 13 1 091
Current investments
Listed stocks —609
Cost of current investments —607
Cash at bank and in hand
This includes amounts for which repayment
notice is required of: 489 1 532
Creditors
Due w ithin one year:
Bank loans and overdrafts 10 11
Bonds and other loans 4 499 635
Loans from group companies 3 571 19
Other amounts ow ed to group companies 5 088 3 398
Taxation and social security 126 58
Accruals and deferred income 223 158
Dividends 544 498
Other 7136
14 068 4 913
Creditors continued
€million
2000 1999
Due after more than one year:
Bonds and other loans 3 336 1 625
Loans from group companies ——
Other creditors 8—
3 344 1 625
These include amounts due
after more than five years:
Bonds and other loans —199
Provisions for liabilities and charges
Pension provisions 124 130
Deferred taxation and other provisions 36 40
160 170
Of w hich due within one year 16 8
Ordinary share capital
Shares numbered 1 to 2 400 are held by a subsidiary of NV and a
subsidiary of PLC. Additionally, 9 417 914 Fl. 1.12 ordinary shares
are held by NV and other group companies and trusts. Full details
are given in note 34 on pages 79 to 89.
Share premium account
The share premium show n in the balance sheet is not available for
issue of tax free bonus shares or for tax free repayment. For an
amount of €1 382 million the premium is for Dutch tax purposes
considered ‘profit retained’.
Profit retained and other reserves
Profit retained 31 December 2 375 2 170
Cost of NV shares purchased and held
by NV and by group companies (509) (367)
Balance 31 December 1 866 1 803
Profit retained shown in the company accounts and the notes
thereto is less than the amount show n 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 w hich
amounts outstanding at 31 December w ere:
Group companies 15 161 1 870
Other ——
15 161 1 870
Of the above, guaranteed also by PLC 12 141 449