Unilever 2007 Annual Report Download - page 123

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32 Remuneration of auditors
€ million € million € million
2007 2006 2005
Fees payable to PricewaterhouseCoopers(a) for the audit
of the annual accounts of Unilever N.V. and Unilever PLC (5) (6) (4)
Fees payable to PricewaterhouseCoopers(b) for the audit of accounts of
subsidiaries of Unilever N.V. and Unilever PLC pursuant to the legislation (17) (20) (11)
Total statutory audit fees(c) (22) (26) (15)
Other services supplied pursuant to such legislation(d) (1) (1) (2)
Other services relevant to taxation (2) (2) (3)
Services relating to corporate finance transactions(e) (1) (2) (1)
All other services(f) (1) (1) (2)
(a) Of which:
€1 million was paid to PricewaterhouseCoopers Accountants N.V. (2006: €1 million; 2005: €1 million); and
€4 million was paid to PricewaterhouseCoopers LLP (2006: €5 million; 2005: €3 million).
(b) Comprises fees paid to the network of separate and independent member firms of PricewaterhouseCoopers International Limited for audit
work on statutory financial statements and group reporting returns of subsidiary companies.
(c) In addition, €1 million of statutory audit fees were payable to PricewaterhouseCoopers in respect of services supplied to associated pension
schemes (2006: €1 million; 2005: €1 million).
(d) Comprises other audit services, including audit and similar work that regulations or agreements with third parties require the auditors to
undertake and other circulars and regulatory reports.
(e) Comprises work in respect of acquisitions and disposals.
(f) Comprises other services, including risk management assurance and advisory work and training, that are compatible with
PricewaterhouseCoopers' audit work.
33 Events after the balance sheet date
Effective 1 January 2008, Unilever and PepsiCo have entered into an expanded international partnership for the marketing and distribution on
ready-to-drink tea products under the Lipton brand. The new agreement adds 11 counties to the partnership’s existing Lipton ready-to drink tea
business – eight in Europe (Germany, Italy, France, Netherlands, Switzerland, Austria, Belgium and Portugal) as well as Korea, Taiwan and South
Africa.
On 5 November 2007, Unilever announced the disposal of Boursin to Le Groupe Bel for €400 million. The sale was effective on 3 January 2008.
On 4 February 2008, we announced that we had reached an agreement to acquire the leading Russian ice cream business Inmarko, for an
undisclosed amount. The deal is subject to regulatory approval and is expected to be completed in the first half of 2008.
On 11 February 2008, Unilever announced a share buy-back programme for at least €1.5 billion for 2008.
On 21 February 2008, Unilever launched a bond composed of two tranches; i) CHF 250 million fixed rate bond which will mature in four
years, and ii) CHF 350 million fixed rate bond which will mature in seven years. Completion is expected in late March 2008.
On 28 February 2008 Unilever announced a number of changes affecting its organisation. As a further extension of the One Unilever
programme, Foods and Home and Personal Care will be combined into a single category structure. To reflect our strategic focus on growth in
developing markets, operations in Central and Eastern Europe will be managed as part of an enlarged region comprising Asia, Africa and
Central and Eastern Europe, with Western Europe becoming a separate region.
A number of Board and senior executive changes were announced simultaneously. Kees van der Graaf will step down from the Boards of
Unilever and from his role as President Europe at the AGMs on 14 and 15 May 2008. Ralph Kugler, President Home and Personal Care, will
similarly step down at the AGMs. Harish Manwani, currently President Asia Africa, will lead the new expanded region. Doug Baillie, previously
Chief Executive Officer of Hindustan Unilever, will join the Unilever Executive as President Western Europe. The roles of President Home and
Personal Care and President Foods will be merged under the leadership of Vindi Banga, currently President Foods.
Unilever Annual Report and Accounts 2007 121
Notes to the consolidated accounts Unilever Group
Financial statements continued