Unilever 2009 Annual Report Download - page 94

Download and view the complete annual report

Please find page 94 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 91
6 Taxation
€ million € million € million
Tax charge in income statement 2009 2008 2007
Current tax
Current year (1,263) (1,650) (1,118)
Over/(under) provided in prior years(a) 151 80 226
(1,112) (1,570) (892)
Deferred tax
Origination and reversal of temporary differences (276) (271) (261)
Changes in tax rates 3(3) 21
Recognition of previously unrecognised losses brought forward 128 –4
(145) (274) (236)
(1,257) (1,844) (1,128)
(a) Provisions have been released following the favourable settlement of prior year tax audits in a number of countries, none of which is
individually material.
The reconciliation between the computed weighted average rate of income tax expense, which is generally applicable to Unilever companies, and
the actual rate of taxation charged is as follows:
%%%
Reconciliation of effective tax rate 2009 2008 2007
Computed rate of tax(b) 29 30 29
Differences due to:
Incentive tax credits (6) (5) (6)
Withholding tax on dividends 222
Adjustments to previous years (3) (2) (5)
Expenses not deductible for tax purposes 112
Other 3––
Effective tax rate 26 26 22
(b) The computed tax rate used is the average of the standard rate of tax applicable in the countries in which Unilever operates, weighted by the
amount of profit before taxation generated in each of those countries. For this reason the rate may vary from year to year according to the
mix of profit and related tax rates.