Unilever 2009 Annual Report Download - page 124

Download and view the complete annual report

Please find page 124 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 121
25 Commitments and contingent liabilities
€ million € million € million € million € million € million
Future Future
minimum minimum
lease Finance Present lease Finance Present
payments cost value payments cost value
Long-term finance lease commitments 2009 2009 2009 2008 2008 2008
Buildings(a) 340 156 184 330 166 164
Plant and machinery 29 1 28 51 8 43
369 157 212 381 174 207
The commitments fall due as follows:
Within 1 year 34 12 22 37 13 24
Later than 1 year but not later than 5 years 91 46 45 102 52 50
Later than 5 years 244 99 145 242 109 133
369 157 212 381 174 207
(a) All leased land is classified as operating leases.
The Group has not sublet any part of the leased properties under finance leases.
€ million € million
Long-term operating lease commitments 2009 2008
Land and buildings 1,240 1,230
Plant and machinery 248 261
1,488 1,491
€ million € million € million € million
Other Other
Operating Operating commit- commit-
leases leases ments ments
Operating lease and other commitments fall due as follows 2009 2008 2009 2008
Within 1 year 301 344 884 722
Later than 1 year but not later than 5 years 782 730 1,328 1,339
Later than 5 years 405 417 164 79
1,488 1,491 2,376 2,140
The Group has sublet part of the leased properties under operating leases. Future minimum sublease payments of €66 million are expected to be
received.
Other commitments principally comprise commitments under contracts to purchase materials and services. They do not include commitments for
capital expenditure, which are reported in note 10 on page 95.
Contingent liabilities are either possible obligations that will probably not require a transfer of economic benefits, or present obligations that may,
but probably will not, require a transfer of economic benefits. It is not appropriate to make provisions for contingent liabilities, but there is a
chance that they will result in an obligation in the future. The Group does not believe that any of these contingent liabilities will result in a
material loss.
Contingent liabilities arise in respect of litigation against group companies, investigations by competition, regulatory and fiscal authorities and
obligations arising under environmental legislation. The estimated total of such contingent liabilities at 31 December 2009 was some €205
million (2008: €355 million).