Unilever 2010 Annual Report Download - page 135

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132 Unilever Annual Report and Accounts 2010
Financial statements
Further statutory and other information Unilever N.V.
The rules for profit appropriation in the Articles of Association
(summary of Article 38)
The profit for the year is applied firstly to the reserves required bylaw
or by the Equalisation Agreement, secondly to cover losses ofprevious
years, if any, and thirdly to the reserves deemed necessary by the Board
of Directors. Dividends due to the holders ofthe Cumulative Preference
Shares, including any arrears in such dividends, are then paid; if the
profit is insufficient for this purpose, the amount available is distributed
to them in proportion to the dividend percentages of their shares.
Anyprofit remaining thereafter shall be distributed to the holders of
ordinary shares in proportion to the nominal value of their respective
holdings of ordinary shares. The General Meeting can only decide
tomake distributions from reserves on the basis of a proposal by the
Board and in compliance with the law and the Equalisation Agreement.
Proposed profit appropriation € million € million
Profit for the year (available for distribution)
2010
1,362
2009
1,287
Interim dividend already paid – (417)
Dividend announced with Q1 2010 results (323) –
Dividend announced with Q2 2010 results (323) –
Dividend announced with Q3 2010 results
To profit retained
(323)
393
–
870
Post balance sheet event
On 3 February 2011 the Directors announced a dividend of
€0.2080per Unilever N.V. ordinary share. The dividend is payable
from16 March 2011 toshareholders registered at close of business
on11 February 2011.
Special controlling rights under the Articles ofAssociation
See note 22 to the consolidated accounts on page 113.
Auditors
A resolution will be proposed at the Annual General Meeting on
12May 2011 for the re-appointment of PricewaterhouseCoopers
Accountants N.V. as auditors of Unilever N.V. The present appointment
will end at the conclusion of the Annual General Meeting. For details
ofthe remuneration of the auditors please refer to note 31 on page
123.
Corporate Centre
Unilever N.V.
Weena 455
PO Box 760
3000 DK Rotterdam
The Netherlands