Unilever 2000 Annual Report Download - page 64

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Unilever Annual Report & Accounts and Form 20-F 2000 Financial Statements
62
Notes to the consolidated accounts
Unilever Group
Unilever Annual Report & Accounts and Form 20-F 2000Unilever Annual Report & Accounts and Form 20-F 2000
17 Trade and other creditors
million
2000 1999
Due within one year:
Trade creditors 5 386 4 053
Social security and sundry taxes 438 419
Accruals and deferred income 2 709 2 095
Taxation on profits 1 027 638
Dividends 944 894
Others 1 185 1 099
11 689 9 198
Due after more than one year:
Accruals and deferred income 231 137
Taxation on profits 565 662
Others 223 180
1 019 979
Total trade and other creditors 12 708 10 177
18 Pensions and similar obligations
These are predominantly long-term liabilities:
Unfunded pension plans 1 663 2 191
Funded pension plans 794 (308)
Post-retirement health benefits 1 214 815
3 671 2 698
Less asset balances reclassified as debtors
due after more than one year 13 748 613
4 419 3 311
Movements during the year:
1 January 2 698
Currency retranslation 34
Profit and loss account 305
Payments (a) 178
Acquisitions/disposals 449
Other adjustments 7
31 December 3 671
(a) Net of refunds received from pension funds totalling
514 million.
Further details of Unilever’s pension and post-retirement benefits are
given in note 33 on pages 77 to 79.
19 Deferred taxation and other provisions
million
2000 1999
Deferred taxation on:
Accelerated depreciation 1 051 1 147
Stock reliefs 59 69
Pension and similar provisions (748) (556)
Short-term and other timing differences (1 177) (1 103)
(815) (443)
Less asset balances reclassified as debtors
due after more than one year 13 1 627 1 178
812 735
Restructuring provisions 650 363
Other provisions 523 173
1 985 1 271
Movements in deferred taxation:
1 January (443)
Currency retranslation 48
Acquisition/disposal of group companies (152)
Profit and loss account (272)
Other movements 4
31 December (815)
On a SSAP 15 basis provision for
deferred taxation w ould be: (451) (183)
Movements in restructuring provisions:
1 January 363
Currency retranslation 9
Profit and loss account:
new charges 677
releases (40)
Utilisation (359)
31 December 650
Restructuring provisions include primarily provisions for severance
costs in connection with business reorganisations w hich have been
announced. The timing of expected spend against these provisions
is discussed in note 27 on page 72.
Movements in other provisions:
1 January 173
Currency retranslation (14)
Acquisition/disposal of group companies 970
Profit and loss account 19
Utilisation (625)
31 December 523