Unilever 2007 Annual Report Download - page 95

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Unilever Annual Report and Accounts 2007 93
Financial statements continued
Notes to the consolidated accounts Unilever Group
15 Cash and cash equivalents and other financial assets (continued)
€ million € million € million
Cash and cash equivalents included in the cash flow statement 2007 2006 2005
Cash and cash equivalents as per balance sheet 1 098 1 039 1 529
Cash and cash equivalents in businesses held for sale ––1
Bank overdrafts (197) (329) (265)
901 710 1 265
Interest rate profile and currency analysis of financial assets
The table set out below takes into account the various interest rate swaps and forward foreign currency contracts entered into by the Group,
details of which are set out in note 17 on pages 97 to 101.
The interest rate profiles of the Group’s financial assets analysed by principal currency are set out in the table below:
€ million € million € million
Fixed Fixed Fixed Floating Floating
rate rate rate rate rate Total
Amount Average Weighted Interest
of fixing interest rate average rate for
for following for following fixing following
year year period year
Assets – 2007
Euro 12 4.6% 0.5 years 358 4.5% 370
Sterling 541 6.2% 0.7 years 1 250 5.3% 1 791(a)
US dollar –43.4% 4
Indian rupee – 205 9.0% 205
Brazilian real – 151 11.2% 151
Other – 577 7.5% 577
553 2 545 3 098
Sterling leg of currency derivatives mainly relating to intra-group loans(a) (1 784)
Total 1 314(b)
Assets – 2006
Euro 1 3.1% 0.1 years 243 4.1% 244
Sterling 1 549 5.3% 1.0 years 1 196 5.6% 2 745(a)
US dollar – 8 5.4% 8
Indian rupee – 403 8.8% 403
Brazilian real – 49 13.2% 49
Other – 586 6.5% 586
1 550 2 485 4 035
Sterling leg of currency derivatives mainly relating to intra-group loans(a) (2 723)
Total 1 312(b)
(a) Includes the sterling leg of the currency derivatives mainly relating to intra-group loans, amounting to €1 784 million for 2007
(2006: €2 723 million). These derivatives create a sterling interest rate exposure. However, to reconcile the assets with the balance sheet,
the total value is eliminated again. The other leg of the currency derivatives is shown in note 16 as a liability.
(b) Includes fair value of financial liability-related derivatives amounting to €78 million (2006: €36 million).