Unilever 2009 Annual Report Download - page 105

Download and view the complete annual report

Please find page 105 of the 2009 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 153

  • 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

Notes to the consolidated financial statements Unilever Group
102 Unilever Annual Report and Accounts 2009
Financial statements
14 Financial assets and liabilities (continued)
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 15 on pages 104 to 110.
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 – 2009
Euro 351 2.3% 0.2 years 7,802 0.9% 8,153(j)
Sterling –360.8% 36
US dollar –710.4% 71
Indian rupee – 472 6.6% 472
Brazilian real –368.7% 36
Other – 735 5.2% 735
351 9,152 9,503
Euro leg of currency derivatives mainly relating to intra-group loans(j) (5,889)
Total 3,614(k)
Assets – 2008
Euro 142 5.9% 0.6 years 6,882 2.3% 7,024(j)
Sterling 1 4.5% 0.1 years 26 1.7% 27
US dollar – 29 1.3% 29
Indian rupee – 187 11.4% 187
Brazilian real – 40 13.7% 40
Other – 563 7.1% 563
143 7,727 7,870
Euro leg of currency derivatives mainly relating to intra-group loans(j) (4,677)
Total 3,193(k)
(j) Includes the euro leg of the currency derivatives relating to intra-group loans, amounting to €5,889 million (2008: €4,677 million). 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 on page 103 as part of the interest rate profile of financial liabilities.
(k) Includes fair value of financial liability-related derivatives amounting to €271 million (2008: €597 million).