Unilever 2008 Annual Report Download - page 153

Download and view the complete annual report

Please find page 153 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.

Page out of 165

  • 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 company accounts Unilever PLC
150 Unilever Annual Report and Accounts 2008
Financial statements
Fixed asset investments £ million £ million
2008 2007
Shares in group companies(a) 4 393 2 294
(a) The only movement in the year is an additional investment in a
group company.
Debtors £ million £ million
2008 2007
Due within one year:
Amounts owed by group companies 593 1 562
Amounts owed by undertakings in which
the company has a participating interest –1
Other 22
595 1 565
Due after more than one year:
Amounts owed by group companies –3
–3
Creditors £ million £ million
2008 2007
Due within one year:
Amounts owed to group companies 3 273 2 162
Taxation and social security 100 123
Other – 1
Accruals and deferred income 6–
3 379 2 286
Provisions for liabilities and charges (excluding pensions and
similar obligations)
£ million £ million
2008 2007
Deferred taxation 10 10
Ordinary share capital
Information on the consolidation of ordinary shares is given in note 22
to the consolidated accounts on page 122.
Other reserves £ million £ million
2008 2007
1 January (281) (353)
Change in book value of shares (208) 72
31 December (489) (281)
Profit retained £ million £ million
2008 2007
1 January 1 721 1 548
Profit for the year 931 803
Final dividend 2007 on ordinary and
deferred shares (439) –
Interim dividend 2008 on ordinary and
deferred shares (262) –
Final dividend 2006 on ordinary and
deferred shares –(412)
Interim dividend 2007 on ordinary and
deferred shares –(218)
31 December 1 951 1 721
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 2008 was some £7 905 million
(2007: £4 372 million) of which £4 319 million (2007: £2 720 million)
was also guaranteed by NV. The fair value of such guarantees is not
significant in either 2007 or 2008. 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 136.
Profit appropriation £ million £ million
2008 2007
Profit for the year (available for distribution) 931 803
Interim dividend already paid (262) (218)
To profit retained 669 585
Post balance sheet event
The directors propose a final dividend of 40.19 per share
(totalling £503 million) out of the profits retained for the year
ended 31 December 2008. The dividend will be submitted for formal
approval at the Annual General Meeting to be held on 13 May 2009.
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 2009. During 2008, a final dividend of 34.11p per share
(totalling £439 million) was paid in respect of the dividend declared for
the year ended 31 December 2007.