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Unilever Annual Report and Accounts 2010 99
Financial statements
15 Financial instruments and treasury risk management (continued)
The following table shows Unilever’s contractually agreed (undiscounted) cash flows payable under financial liabilities and derivative assets and
liabilities as at the balance sheet date:
€ million € million € million € million € million € million € million € million
Net
carrying
Due Due Due Due amount as
Due between between between between Due shown in
within 1 and 2 and 3 and 4 and after balance
Undiscounted cash flows 1 year 2 years 3 years 4 years 5 years 5 years Total sheet
2010
Non-derivative financial liabilities:
Financial liabilities excluding related derivatives
and finance lease liabilities (1,983) (1,436) (1,113) (979) (1,031) (2,466) (9,008) (9,023)
Interest on financial liabilities (344) (313) (259) (211) (174) (1,606) (2,907)
Finance lease creditors including related finance cost (31) (25) (24) (23) (22) (232) (357) (208)
Trade payables and other liabilities (a)
excluding social security and sundry taxes (9,824) (295) – – – – (10,119) (10,119)
Issued financial guarantees (69) – – – – – (69)
(12,251) (2,069) (1,396) (1,213) (1,227) (4,304) (22,460)
Derivative financial liabilities:
Interest rate derivatives:
Derivative contracts – receipts 52 60 239 73 27 36 487
Derivative contracts – payments (62) (81) (256) (75) (27) (34) (535)
Foreign exchange derivatives:
Derivative contracts – receipts 11,477 – – – – – 11,477
Derivative contracts – payments (11,797) – – – – – (11,797)
(330) (21) (17) (2) – 2 (368) (366)(b)
31 December (12,581) (2,090) (1,413) (1,215) (1,227) (4,302) (22,828)
2009
Non-derivative financial liabilities:
Financial liabilities excluding related derivatives
and finance lease creditors (2,167) (817) (1,317) (1,088) (928) (3,347) (9,664) (9,652)
Interest on financial liabilities (411) (315) (299) (248) (201) (1,669) (3,143)
Finance lease creditors including related finance cost (34) (28) (22) (21) (20) (244) (369) (212)
Trade payables and other liabilities (a)
excluding social security and sundry taxes (8,071) (248) – – – – (8,319) (8,319)
Issued financial guarantees (48) – – – – – (48)
(10,731) (1,408) (1,638) (1,357) (1,149) (5,260) (21,543)
Derivative financial liabilities:
Interest rate derivatives:
Derivative contracts – receipts 66 64 62 23 – – 215
Derivative contracts – payments (70) (68) (68) (24) – – (230)
Foreign exchange derivatives:
Derivative contracts – receipts 6,138 6 – – – – 6,144
Derivative contracts – payments (6,265) (7) – – – – (6,272)
(131) (5) (6) (1) – – (143) (143)(b)
31 December (10,862) (1,413) (1,644) (1,358) (1,149) (5,260) (21,686)
(a) See note 16 on page 104.
(b) Includes financial liability-related derivatives amounting to €(303) million (2009: €(107) million).