Unilever 2009 Annual Report Download - page 102

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Unilever Annual Report and Accounts 2009 99
14 Financial assets and liabilities
€ million € million
Summary of financial assets and liabilities 2009 2008
Financial liabilities as per balance sheet (9,971) (11,205)
Financial liabilities due within one year (2,279) (4,842)
Financial liabilities due after one year (7,692) (6,363)
Cash and cash equivalents as per balance sheet 2,642 2,561
Cash and cash equivalents as per cash flow statement 2,397 2,360
Add bank overdrafts deducted therein 245 201
Other financial assets 972 632
Net financial assets and liabilities (6,357) (8,012)
€ million € million
Cash and cash equivalents and other financial assets 2009 2008
Cash and cash equivalents
Cash at bank and in hand 744 587
Short-term deposits with maturity of less than three months 748 1,974
Other cash equivalents(a) 1,150 –
2,642 2,561
Other financial assets(b)
Held-to-maturity investments –13
Available-for-sale financial assets(d)(e) 613 –
Financial assets at fair value through profit or loss(c)(d)(e) 359 619
972 632
Of which:
Listed 94 31
Unlisted 878 601
972 632
(a) Other cash equivalents are wholly comprised of available-for-sale financial assets and include investments in money market funds of €1,096
million (2008: €nil) for which the risk of changes in value is insignificant.
(b) Other financial assets include government securities, A minus or higher rated money and capital market instruments and derivatives.
(c) Financial assets at fair value through profit and loss include derivatives amounting to €271 million (2008: €597 million). The fair value of
derivatives is determined by calculating the discounted value of the related future cash flows. Discounting of the cash flows is done based on
the relevant yield curves and exchange rates as per the end of the year.
(d) Methods of valuation technique used to determine fair value are given in note 15 on page 108.
(e) Includes €463 million (€393 million available-for-sale and €70 million fair value through profit or loss) relating to an employee savings
programme. For related liabilities see page 101.