Unilever 2009 Annual Report Download - page 127

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Notes to the consolidated financial statements Unilever Group
26 Acquisitions and disposals (continued)
€ million € million € million
Disposals 2009 2008 2007
Goodwill and intangible assets 1117 5
Other non-current assets 1145 44
Current assets 3227 117
Trade creditors and other payables (61) (48)
Provisions for liabilities and charges 1(5) (34)
Minority interest –71
Net assets sold 6423 155
(Gain)/loss on recycling of currency retranslation on disposal (6) (1)
Profit on sale attributable to Unilever 72,237 399
Consideration(a) 13 2,654 553
Cash 11 2,453 168
Cash balances of businesses sold (15) (4)
Financial assets, cash deposits and financial liabilities of businesses sold 215 113
Non-cash items and deferred consideration(a) 201 276
(a) For 2007, includes €214 million fair value economic swap in South Africa.
The results of disposed businesses are included in the consolidated accounts up to their date of disposal.
The following table sets out the effect of acquisitions in 2009, 2008 and 2007 on the consolidated balance sheet. The fair values currently
established for all acquisitions made in 2009 are provisional. The goodwill arising on these transactions has been capitalised and is subject
to an annual review for impairment (or more frequently if necessary) in accordance with our accounting policies as set out in note 1 on pages
83 and 84. Any impairment is charged to the income statement as it arises. Detailed information relating to goodwill is given in note 9 on pages
93 and 94.
€ million € million € million
Acquisitions 2009 2008 2007
Net assets acquired 128 151 94
Goodwill arising in subsidiaries 350 60 334
Consideration 478 211 428
In 2007, consideration consisted of €214 million cash, principally relating to acquisitions of minority interest, and €214 million fair value
economic swap in South Africa.
124 Unilever Annual Report and Accounts 2009
Financial statements