Unilever 2008 Annual Report Download - page 107
Download and view the complete annual report
Please find page 107 of the 2008 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.-
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
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
 |
 |
Notes to the consolidated accounts Unilever Group
104 Unilever Annual Report and Accounts 2008
Financial statements
15 Cash and cash equivalents and other financial assets (continued)
€ million € million € million
Cash and cash equivalents included in the cash flow statement 2008 2007 2006
Cash and cash equivalents as per balance sheet 2 561 1 098 1 039
Bank overdrafts (201) (197) (329)
2 360 901 710
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 108 to 113.
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 – 2008
Euro 142 5.9% 0.6 years 6 882 2.3% 7 024(a)
Sterling 14.5% 0.1 years 26 1.7% 27
US dollar –291.3% 29
Indian rupee – 187 11.4% 187
Brazilian real –4013.7% 40
Other – 563 7.1% 563
143 7 727 7 870
Euro leg of currency derivatives mainly relating to intra-group loans(a) (4 677)
Total 3 193(c)
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(b)
US dollar – 4 3.4% 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(b) (1 784)
Total 1 314(c)
a) Includes the euro leg of the currency derivatives relating to intra-group loans, amounting to €4 677 million for 2008. These derivatives
create a euro interest rate exposure. However, to reconcile the total assets with the balance sheet, the total value is eliminated again. The
other leg of the currency derivatives is shown in note 16 on page 107 as part of the interest rate profile of financial liabilities.
b) Includes the sterling leg of the currency derivatives mainly relating to intra-group loans, amounting to €1 784 million for 2007. These
derivatives create a sterling interest rate exposure. However to reconcile the total assets with the balance sheet, the total value is eliminated
again. The other leg of the currency is shown in note 16 on page 107 as part of the interest rate profile of financial liabilities.
c) Includes fair value of financial liability-related derivatives amounting to €597 million (2007: €78 million).