Unilever 2010 Annual Report Download - page 94

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Unilever Annual Report and Accounts 2010 91
Financial statements
11 Other non-current assets
€ million € million
2010
Interest in net assets of joint ventures 44
Interest in net assets of associates 45
(a)
Other non-current financial assets : 511
Loans and receivables 2
2009
60
42
485
2
(b)(c)
Available-for-sale financial assets 406 436
Financial assets at fair value through profit or loss(c) 103 47
Long-term trade and other receivables(d) 154 212
Fair value of biological assets 34 32
Other non-financial assets 246 186
1,034 1,017
(a) Predominantly consist of investments in a number of companies and financial institutions in India, Europe and the US, including €128 million
(2009: €129 million) of assets in a trust to fund benefit obligations in the US (see also note 19 on page 110).
(b) Includes unlisted preferred shares arising in connection with US laundry disposal.
(c) Methods of valuation techniques used to determine fair values are given in note 15 on page 102.
(d) Classified as loans and receivables.
€ million € million
Movements during 2010 and 2009 2010 2009
Joint ventures(e)
1 January 60 73
Additions 3 –
Dividends received/reductions (148) (145)
Share in net profit 120 111
Currency retranslation 9 21
31 December 44 60
Associates(f)
1 January 42 67
Acquisitions/(disposals) 18 –
Dividends received/reductions (6) (32)
Share in net profit (9) 4
Currency retranslation – 3
31 December 45 42
(e) Our principal joint ventures are Unilever Jerónimo Martins in Portugal, Pepsi Lipton International and the Pepsi/Lipton Partnership in the US.
(f) Associates as at 31 December 2010 primarily comprise our investments in Langholm Capital Partners and Physic Ventures. Other Unilever
Ventures assets are included under ‘Other non-current financial assets’ above.
€ million € million
Analysis of listed and unlisted investments 2010 2009
Investments listed on a recognised stock exchange 50 60
Unlisted investments 461 425
511 485
Other income from non-current
investments
€
million
2010
€ million
2009
€ million
2008
Income from other non-current
Profit/(loss) on disposal(g)
investments
76
–
47
327
19
69
76 374 88
(g)
For
For
2008
2009
includes
includes
disposal of Palmci plantations.
€327 million profit from the disposal of the majority of our equity interest in JohnsonDiversey.
The joint ventures and associates have no significant contingent liabilities to which the Group is exposed, and the Group has no significant
contingent liabilities in relation to its interest in the joint ventures and associates.
The Group has no outstanding capital commitments to joint ventures.
Outstanding balances with joint ventures and associates are shown in note 30 on page 122.