Unilever 2010 Annual Report Download - page 122

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Unilever Annual Report and Accounts 2010 119
Financial statements
26 Acquisitions and disposals (continued)
€ million € million € million
Disposals 2010 2009 2008
Goodwill and intangible assets 223 1 117
Other non-current assets 105 1 145
Current assets 151 3 227
Trade creditors and other payables (51) – (61)
Provisions for liabilities and charges (17) 1 (5)
Net assets sold 411 6 423
(Gain)/loss on recycling of currency re-translation on disposal 1 – (6)
Profit on sale attributable to Unilever 467 7 2,237
Consideration 879 13 2,654
Cash 891 11 2,453
Cash balances of businesses sold 1 – (15)
Financial assets, cash deposits and financial liabilities of businesses sold (14) 2 15
Non-cash items and deferred consideration 1 – 201
The results of disposed businesses are included in the consolidated financial statements up to their date of disposal.
The following table sets out the effect of acquisitions in 2010, 2009 and 2008 on the consolidated balance sheet. The fair values currently
established for all acquisitions made in 2010 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 page 76. Any
impairment is charged to the income statement as it arises. Detailed information relating to goodwill is given in note 9 on pages 87 and 88.
€ million € million € million
Acquisitions 2010 2009 2008
Net assets acquired 1,217 128 151
Goodwill arising in subsidiaries
Consideration
259
1,476
350 60
478 211