Unilever 2011 Annual Report Download - page 103

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100
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS UNILEVER GROUP continued
17. Provisions continued
The provision for disputed indirect taxes is comprised of a number of small disputed items. The largest elements relate to disputes with
Brazilian authorities. Due to the nature of the disputes, the timing of provision utilisation and any cash outflows is uncertain. The
majority of disputed items attract an interest charge.
No individual items within the remaining provisions are significant. Unilever expects that the issues relating to these restructuring,
legal and other provisions will be substantively resolved within five years.
18. Equity
Other reserves
Other reserves include the fair value reserve, the foreign currency translation reserve, the capital redemption reserve and
treasury stock.
Shares held by employee share trusts
Certain PLC trusts, NV and group companies purchase and hold NV and PLC shares to satisfy options granted. The assets and
liabilities of these trusts are included in the consolidated financial statements. The book value of shares held is deducted from
other reserves, and trusts’ borrowings are included in the Group’s liabilities. The costs of the trusts are included in the results of
the Group. These shares are excluded from the calculation of earnings per share.
Consolidated statement of changes in equity
€ million
Called up
share
capital
€ million
Share
premium
account
€ million
Other
reserves
€ million
Retained
profit
€ million
Total
€ million
Non-
controlling
interests
€ million
Total
equity
1 January 2009 484 121 (6,469) 15,812 9,948 424 10,372
Total comprehensive income for the year – – 339 3,538 3,877 301 4,178
Dividends on ordinary capital – – – (2,115) (2,115) – (2,115)
Movements in treasury stock(a) – – 224 (95) 129 – 129
Share-based payment credit(b) – – – 195 195 – 195
Dividends paid to non-controlling interests – – – – – (244) (244)
Currency retranslation gains/(losses) net of tax – 10 – – 10 (7) 3
Other movements in equity – – 6 15 21 (3) 18
31 December 2009 484 131 (5,900) 17,350 12,065 471 12,536
Total comprehensive income for the year – – 465 4,329 4,794 412 5,206
Dividends on ordinary capital – – – (2,309) (2,309) – (2,309)
Movements in treasury stock(a) – – 28 (154) (126) – (126)
Share-based payment credit(b) – – – 144 144 – 144
Dividends paid to non-controlling interests – – – – – (289) (289)
Currency retranslation gains/(losses) net of tax – 3 – – 3 (1) 2
Other movements in equity – – 1 (87) (86) – (86)
31 December 2010 484 134 (5,406) 19,273 14,485 593 15,078
Total comprehensive income for the year – – (737) 2,932 2,195 314 2,509
Dividends on ordinary capital – – – (2,487) (2,487) – (2,487)
Movements in treasury stock(a) – – 138 (90) 48 – 48
Share-based payment credit(b) – – – 105 105 – 105
Dividends paid to non-controlling interests – – – – – (288) (288)
Currency retranslation gains/(losses) net of tax – 3 – – 3 (4) (1)
Other movements in equity – – 1 (57) (56) 13 (43)
31 December 2011 484 137 (6,004) 19,676 14,293 628 14,921
(a) Includes purchases and sales of treasury stock, and transfer from treasury stock to retained profit of share-settled schemes arising from prior years and
differences between exercise and grant price of share options.
(b) The share-based payment credit relates to the reversal of the non-cash charge recorded against operating profit in respect of the fair value ofshare options
and awards granted to employees.
Unilever Annual Report and Accounts 2011
Financial statements