Unilever 2009 Annual Report Download - page 122

Download and view the complete annual report

Please find page 122 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

Unilever Annual Report and Accounts 2009 119
22 Share capital
€ million € million
Called up share capital 2009 2008
Ordinary share capital of NV 274 274
Ordinary share capital of PLC 210 210
484 484
Issued, Issued,
Number Nominal Number called up and called up and
of shares Authorised Authorised value of shares fully paid fully paid
Ordinary share capital authorised 2009 2008 per share issued 2009 2008
€ million € million € million € million
NV ordinary shares 3,000,000,000 480 480 €0.16 1,714,727,700 274 274
NV ordinary shares (shares numbered
1 to 2,400 – ’Special Shares’) 11 €428.57 2,400 11
Internal holdings eliminated
on consolidation (€428.57 shares) ––(1) (1)
481 481 274 274
£ million £ million £ million £ million
PLC ordinary shares 4,377,075,492 136.2 136.2 31⁄9p 1,310,156,361 40.8 40.8
PLC deferred stock 100,000 0.1 0.1 £1 stock 100,000 0.1 0.1
Internal holding eliminated
on consolidation (£1 stock) ––(0.1) (0.1)
136.3 136.3 40.8 40.8
Euro equivalent in millions (at £1.00 = €5.143) 210 210
For information on the rights of shareholders of NV and PLC and the operation of the Equalisation Agreement, see Corporate governance on
pages 56 and 57.
A nominal dividend of 6% is paid on the deferred stock of PLC, which is not redeemable.
Internal holdings
The ordinary shares numbered 1 to 2,400 (inclusive) in NV (‘Special Shares’) and deferred stock of PLC are held as to one half of each class by
N.V. Elma – a subsidiary of NV – and one half by United Holdings Limited – a subsidiary of PLC. This capital is eliminated on consolidation. For
information on the rights related to the aforementioned ordinary shares, see Corporate governance on pages 55 and 56. The subsidiaries
mentioned above have waived their rights to dividends on their ordinary shares in NV.
Share-based compensation
The Group operates a number of share-based compensation plans involving options and awards of ordinary shares of NV and PLC. Full details of
these plans are given in note 29 on pages 126 and 127.
23 Other reserves(a)
€ million € million € million € million € million € million € million € million € million
NV NV NV PLC PLC PLC Total Total Total
2009 2008 2007 2009 2008 2007 2009 2008 2007
Fair value reserves 16 (41) 92 26 (22) 9 42 (63) 101
Cash flow hedges 1(22) 86 6(11) (1) 7(33) 85
Available-for-sale financial assets 15 (19) 6 20 (11) 10 35 (30) 16
Currency retranslation of group companies 42 (640) 104 (1,501) (1,053) (204) (1,459) (1,693) (100)
Adjustment on translation of PLC’s ordinary
capital at 31/9p = €0.16 –––(165) (169) (155) (165) (169) (155)
Capital redemption reserve 16 16 16 16 16 16 32 32 32
Book value treasury stock (3,703) (3,886) (2,741) (647) (690) (549) (4,350) (4,576) (3,290)
(3,629) (4,551) (2,529) (2,271) (1,918) (883) (5,900) (6,469) (3,412)
(a) The movements in other reserves are analysed between the NV and PLC parts of the Group, aggregated according to the relative legal
ownership of individual entities by NV or PLC.
Unilever acquired 29,666 ordinary shares of NV and 27,769 ordinary shares of PLC through purchases on the stock exchanges during the year.
These shares are held as treasury stock as a separate component of other reserves. The total number held at 31 December 2009 is 170,178,644
(2008: 177,223,649) NV shares and 50,546,994 (2008: 58,584,845) PLC shares. Of these, 28,618,015 NV shares and 23,850,000 PLC shares
were held in connection with share-based compensation plans (see note 29 on pages 126 and 127).