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150 Unilever Annual Report & Accounts and Form 20-F 2003
Notes to the company accounts
Unilever PLC
Fixed investments
£ million £ million
2003 2002
Restated
Shares in group companies 2 237 2 237
Amount for 2002 has been restated, see note under ‘Other reserves’.
Shares in group companies are stated at cost or valuation, less
amounts written off.
£ million
2003
Movements during the year:
1 January (restated) 2 237
Additions –
Disposals –
31 December 2 237
Debtors
£ million £ million
2003 2002
Due within one year:
Amounts owed by group companies 335 720
Other 24 67
359 787
Due after more than one year:
Amounts owed by group companies 124 –
Other 28 27
152 27
Cash and current investments
£ million £ million
2003 2002
This includes amounts for which repayment
notice is required of: –33
Creditors
£ million £ million
2003 2002
Due within one year:
Bonds and other loans –915
Amounts owed to group companies 1 287 752
Taxation and social security 163 135
Dividends 341 311
Other 49
Accruals and deferred income (1) 4
1 794 2 126
Other reserves
£ million £ million
2003 2002
Restated
1 January (224) (201)
Change in number of shares held in
connection with share options (30) (23)
31 December (254) (224)
Following the implementation of UK UITF 37 ‘Purchase and sale of
own shares’ and UITF 38 ‘Accounting for ESOP Trusts’, PLC shares
held in an ESOP Trust to meet share options granted to employees
have been reclassified from ‘Fixed investments’ to ‘Other reserves’,
which are a deduction from profit retained. Prior years have been
restated.
Profit retained
£ million £ million
2003 2002
Restated
1 January 1 039 953
Profit for the year 563 546
Dividends on ordinary and deferred shares (516) (460)
31 December 1 086 1 039
Contingent liabilities
£ million £ million
2003 2002
These are not expected to give rise to any
material loss and include guarantees given
for group companies, under which amounts
outstanding at 31 December were: 6 608 8 077
Of the above, guaranteed also by NV 3 500 3 816
Remuneration of auditors
£ million £ million
2003 2002
Parent company audit fee 1.6 1.6
Payments by the parent company for
non-audit services provided by
PricewaterhouseCoopers LLP United Kingdom(a) 2.1 9.3
(a) See also note 2 on page 85.
Profit appropriation
£ million £ million
2003 2002
The proposed appropriation of the profit
of PLC is as follows:
Interim and recommended final dividends 516 460
Profit for the year retained 47 86