Unilever 2006 Annual Report Download - page 142

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Unilever Annual Report and Accounts 2006 139
Financial Statements (continued)
Notes to the company accounts (continued) Unilever PLC
Fixed investments £million £million
2006 2005
Shares in group companies 2237 2237
Debtors £million £million
2006 2005
Due within one year:
Amounts owed by group companies 80 180
Amounts owed by undertakings in which
the company has a participating interest 28 22
Other 26 24
134 226
Due after more than one year:
Amounts owed by group companies 44 44
Amounts owed by undertakings in which
the company has a participating interest –26
Other 1–
45 70
Creditors £million £million
2006 2005
Due within one year:
Amounts owed to group companies 914 1285
Taxation and social security 151 41
Accruals and deferred income –1
Other 26 1
1 091 1328
Provisions for liabilities and charges (excluding pensions and
similar obligations)
£million £million
2006 2005
Deferred taxation 76
Ordinary share capital
Information on the consolidation of ordinary shares is given in note 22
to the consolidated accounts on page 109.
Other reserves £million £million
2006 2005
1January (385) (268)
Change in book value of shares 32 (117)
31 December (353) (385)
Profit retained £million £million
2006 2005
1 January 1466 991
Profit for the year 893 1035
Final dividend 2004 on ordinary and
deferred shares –(367)
Interim dividend 2005 on ordinary and
deferred shares –(193)
Final dividend 2005 on ordinary and
deferred shares (385) –
Interim dividend 2006 on ordinary and
deferred shares (200) –
One-off dividend (226) –
31 December 1548 1466
Contingent liabilities
Contingent liabilities are not expected to give rise to any material loss
and include guarantees given for group companies. The estimated total
of such liabilities at 31 December 2006 was some £3 656 million
(2005: £5 099 million) of which £2 150 million (2005: £2 544 million)
was also guaranteed by NV. The fair value of such guarantees is not
significant in either 2005 or 2006. The guarantees issued to other
companies were immaterial.
Remuneration of auditors
The parent company accounts of Unilever PLC are required to comply
with The Companies (Disclosure of Auditor Remuneration) Regulations
2005. Auditors’ remuneration in respect of Unilever PLC is included
within the disclosures in note 32 on page 123.
Profit appropriation £million £million
2006 2005
Profitfor the year 893 1035
Of which already appropriated in 2004(a) n/a (470)
Available for distribution 893 565
Interim dividend already paid (200) (193)
One-off dividend (226) –
To profit retained 467 372
(a) Intra-group dividends included in the profit for the year as reported
in 2004 that under FRS 21 are not recognised until they have been
approved by shareholders, therefore these have been added to the
2005 profit for the year.
Post balance sheet event
The directors propose a final dividend of 32.04p per share
(totalling £411 million) out of the profits retained for the year
ended 31 December 2006. The dividend will be submitted for formal
approval at the Annual General Meeting to be held on 16 May 2007.
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 2007. During 2006, a final dividend of 30.09p per share
(totalling £385 million) was paid in respect of the dividend declared for
the year ended 31 December 2005.