Unilever 2011 Annual Report Download - page 117

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114
NOTES TO THE COMPANY ACCOUNTS UNILEVER N.V. continued
Cash at bank and in hand
There was no cash at bank and in hand for which payment notice
was required at either 31 December 2011 or 31 December 2010.
Creditors
€ million
2011
€ million
2010
Due within one year:
Other amounts owed to group companies(d) 19,804 18,381
Loans from group companies(d) 1,346 1,317
Bonds and other loans 2,087 556
Taxation and social security 16 14
Accruals and deferred income 34 55
Other 104 84
23,391 20,407
Due after more than one year:
Bonds and other loans 2,251 3,148
Loans from group companies(d) 3,089 3,089
Accruals and deferred income 11 4
Preference shares 68 89
5,419 6,330
(d) Amounts owed to group companies include balances with several
group companies which are interest bearing at market interest rates
and are unsecured and repayable on demand if this is the case.
Creditors due after five years amount to €68 million
(2010:€90million) (Article 375.2 of Book 2 of the Civil Code
intheNetherlands).
Capital and reserves
€ million
2011
€ million
2010
Company accounts Unilever N.V. 7,712 7,580
Unilever Group: shareholders’ equity 14,293 14,485
The equity of Unilever Group €14,293 million (2010: €14,485
million) includes the equity of the parent Unilever N.V. €7,712
million (2010: €7,580 million), the equity of parent Unilever PLC
£1,934 million (2010: £1,808 million). The remaining difference
arises from the recognition in the company accounts of
investments in subsidiaries at cost less any amounts written-off
to reflect a permanent impairment, intra-group balances and
transaction are not eliminated and other consolidation
procedures are not performed.
Ordinary share capital
The called up share capital amounting to €275 million consists of
1,714,727,700 NV ordinary shares and 2,400 NV ordinary special
shares. These special shares number 1 to 2,400 are held by a
subsidiary of NV and a subsidiary of PLC, each holding 50%.
Further details are given innote 19 to the consolidated accounts
on page 102. 165,040,077 (2010: 169,731,275) of the ordinary
shares are held by Unilever N.V. (see disclosure ‘Other reserves’)
and 396,941 (2010: 649,275) €0.16 ordinary shares are held by
other group companies.
Share premium account
The share premium shown in the balance sheet is not available
forthe issue of bonus shares or for repayment without incurring
withholding tax payable by the company. This is despite the
change in tax law in theNetherlands, as a result of which
dividends received from 2001 onwards by individual shareholders
who are resident in the Netherlandsare no longer taxed.
Unilever Annual Report and Accounts 2011
Financial statements
Legal reserve
In 2006 the NV ordinary shares were split in the ratio 3 to 1 and
atthe same time the share capital, previously denominated in
Dutchguilders, was converted into euros. Due to rounding the
new nominal value pershare differs from the value expressed in
Dutch guilders. As a result, thereported share capital issued at
31 December 2006 was €16 million lower than in 2005.
Other reserves
€ million
2011
€ million
2010
1 January (3,521) (3,428)
Change during the year 71 (93)
31 December (3,450) (3,521)
The own ordinary shares held by NV amount to 165,040,077
(2010: 169,731,275) €0.16 and are included in the other reserves.
Profit retained
€ million
2011
€ million
2010
1 January 10,790 10,657
Profit for the year 1,398 1,362
Dividends (1,368) (1,270)
Taxation charge –1
Realised profit/(loss) on shares/certificates held
to meet employee share options 36 39
Changes in present value of net pension liability –(5)
Other charges (5) 6
31 December 10,851 10,790
Provisions for liabilities and charges (excluding pensions
andsimilar obligations)
€ million
2011
€ million
2010
Other provisions(e) 39 100
Of which due within one year 13 78
(e) Decrease mainly relates to the payment to the European Commission
following the competition settlement. Further information is given in note
20 to the consolidated financial statements on pages 103.
Net pension liability
€ million
2011
€ million
2010
Funded retirement benefit (4) (6)
Unfunded retirement liability 96 95
92 89