Unilever 2007 Annual Report Download - page 94

Download and view the complete annual report

Please find page 94 of the 2007 Unilever annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 148

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148

92 Unilever Annual Report and Accounts 2007
Financial statements continued
Notes to the consolidated accounts Unilever Group
14 Trade and other receivables
€ million € million
Trade and other receivables 2007 2006
Due within one year
Trade receivables 2 965 3 054
Prepayments and accrued income 467 441
Other receivables 762 759
4 194 4 254
Credit terms for customers are determined in individual territories. Concentrations of credit risk with respect to trade receivables are limited, due
to the Group’s customer base being large and diverse. Our historical experience of collecting receivables, supported by the level of default, is
that credit risk is low across territories and so trade receivables are considered to be a single class of financial assets. Other receivables comprise
loans and receivables of €362 million (2006: €413 million) and other non-financial assets of €400 million (2006: €346 million).
€ million € million
Ageing of trade receivables 2007 2006
Total trade receivables 3 112 3 214
Less impairment provision for trade receivables (147) (160)
2 965 3 054
Of which:
Not overdue 2 240 2 433
Past due less than three months 649 534
Past due more than three months but less than six months 85 82
Past due more than six months but less than one year 57 53
Past due more than one year 81 112
Impairment provision for trade receivables (147) (160)
2 965 3 054
€ million € million
Impairment provision for trade and other receivables – movements during the year 2007 2006
1 January 180 258
Charged to current year income statement 39 38
Reductions/releases (40) (107)
Currency retranslation (3) (9)
31 December 176 180
15 Cash and cash equivalents and other financial assets
€ million € million
Cash and cash equivalents and other financial assets 2007 2006
Cash and cash equivalents
Cash at bank and in hand 507 469
Short-term deposits with maturity of less than three months 500 390
Other cash equivalents(a):91 180
1 098 1 039
Other financial assets(b)
Held-to-maturity investments 15 36
Loans and receivables 29
Available-for-sale financial assets 91 171
Financial assets at fair value through profit or loss(c) 108 57
216 273
Of which:
Listed 41 47
Unlisted 175 226
216 273
(a) Other cash equivalents are wholly comprised of available-for-sale financial assets.
(b) Other financial assets include government securities, A minus or higher rated money, capital market instruments and derivatives.
(c) Financial assets at fair value through profit and loss include derivatives amounting to €78 million (2006: €36 million).