Unilever 2005 Annual Report Download - page 177

Unilever Annual Report and Accounts 2005 177
Notes to the company accounts (continued)
Unilever PLC
Financial Statements
Fixed investments £ million £ million
2005 2004
Shares in group companies 2 237 2 237
Debtors £ million £ million
2005 2004
Due within one year:
Amounts owed by group companies 180 193
Other 24 34
Amounts owed by undertakings in which
the company has a participating interest 22 –
226 227
Due after more than one year:
Amounts owed by group companies 44 46
Other –19
Amounts owed by undertakings in which
the company has a participating interest 26 –
70 65
Creditors £ million £ million
2005 2004
Restated
Due within one year:
Bonds and other loans –50
Amounts owed to group companies 1 285 1 565
Taxation and social security 41 64
Other 11
Accruals and deferred income 11
1 328 1 681
Provisions for liabilities and charges (excluding pensions and
similar obligations)
£ million £ million
2005 2004
Deferred Taxation 610
Other reserves £ million £ million
2005 2004
1 January (268) (254)
Change in book value of shares (117) (14)
31 December (385) (268)
Remuneration of auditors £ million £ million
2005 2004
Parent company statutory audit fee 1.8 1.6
Other audit services ––
Other payments by the parent company for
non-audit services provided by
PricewaterhouseCoopers LLP United Kingdom(a)
Audit-related services 0.7 1.3
Other services 0.2 0.5
(a) See also note 4 on page 93.
Profit retained £ million £ million
2005 2004
Restated
Balance brought forward 1 094 1 086
FRS 21 adjustments (103) (180)
1 January – restated 991 906
Profit for the year(b) 1 035 607
Final dividend 2003 on ordinary and
deferred shares –(341)
Interim dividend 2004 on ordinary and
deferred shares –(181)
Final dividend 2004 on ordinary and
deferred shares (367) –
Interim dividend 2005 on ordinary and
deferred shares (193) –
31 December 1 466 991
(b) Profit for the year as reported in 2004 was £556 million. This includes
intra-group dividends of £470 million which under FRS 21 are not
recognised until they have been approved by shareholders at the
Annual General Meeting. It also excludes the £521 million of intra-
group dividends that would have previously been recognised in 2003
but under FRS 21 are recognised in 2004 following Annual General
Meeting approval.
Contingent liabilities £ million £ million
2005 2004
Guarantees given for group companies 5 099 5 883
Of which guaranteed also by NV 2 544 3 542
Other contingent liabilities are not expected to give rise to material loss.
Profit appropriation £ million
2005
The appropriation of the profit of PLC
is as follows:
Profit for the year 1 035
Of which already appropriated in 2004
(accounting policy change) (470)
Available for distribution 565
Interim dividend 2005 already paid (193)
To profit retained 372
Post balance sheet event
The directors propose a final dividend of 13.54p per share (totalling
£385 million) for the year ended 31 December 2005. The dividend
will be submitted for formal approval at the Annual General Meeting
to be held on 9 May 2006. In accordance with FRS 21, these financial
statements do not reflect this dividend payable, which will be
accounted for in shareholders’ equity as an appropriation of retained
earnings in the year ending 31 December 2006. During 2005, a final
dividend of 12.82p per share (totalling £367 million) was paid in
respect of the dividend declared for the year ended 31 December 2004.