Unilever 2007 Annual Report Download - page 137

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Unilever Annual Report and Accounts 2007 135
Financial statements continued
Notes to the company accounts Unilever PLC
Fixed asset investments £ million £ million
2007 2006
Shares in group companies(a) 2 294 2 237
(a) The only movement in the year is an additional investment in a
group company.
Debtors £ million £ million
2007 2006
Due within one year:
Amounts owed by group companies 1 562 80
Amounts owed by undertakings in which
the company has a participating interest 128
Other 226
1 565 134
Due after more than one year:
Amounts owed by group companies 344
Other –1
345
Creditors £ million £ million
2007 2006
Due within one year:
Amounts owed to group companies 2 162 914
Taxation and social security 123 151
Other 126
2 286 1 091
Provisions for liabilities and charges (excluding pensions and
similar obligations)
£ million £ million
2007 2006
Deferred taxation 10 7
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
2007 2006
1 January (353) (385)
Change in book value of shares 72 32
31 December (281) (353)
Profit retained £ million £ million
2007 2006
1 January 1 548 1 466
Profit for the year 803 893
Final dividend 2005 on ordinary and
deferred shares –(385)
Interim dividend 2006 on ordinary and
deferred shares –(200)
One-off dividend 2006 –(226)
Final dividend 2006 on ordinary and
deferred shares (412) –
Interim dividend 2007 on ordinary and
deferred shares (218) –
31 December 1 721 1 548
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 2007 was some £4 372 million
(2006: £3 656 million) of which £2 720 million (2006: £2 150 million)
was also guaranteed by NV. The fair value of such guarantees is not
significant in either 2006 or 2007. 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 121.
Profit appropriation £ million £ million
2007 2006
Profit for the year (available for distribution) 803 893
Interim dividend already paid (218) (200)
One-off dividend 2006 –(226)
To profit retained 585 467
Post balance sheet event
The directors propose a final dividend of 34.11p per share
(totalling £430 million) out of the profits retained for the year
ended 31 December 2007. The dividend will be submitted for formal
approval at the Annual General Meeting to be held on 14 May 2008.
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 2008. During 2007, a final dividend of 32.04p per share
(totalling £412 million) was paid in respect of the dividend declared for
the year ended 31 December 2006.