Unilever 2011 Annual Report Download - page 118

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115
Contingent liabilities
Contingent liabilities are not expected to give rise to any material
lossand include guarantees given for group companies. The fair
value of such guarantees was not significant in either 2010 or
2011. The guarantees issued to other companies were immaterial.
NV has issued joint and several liability undertakings, as defined
in Article 403 of Book 2 of the Civil Code in the Netherlands, for
almost all Dutch group companies. These written undertakings
have been filed with the office of the Company Registry in whose
area of jurisdiction the group company concerned has its
registered office.
Remuneration of the auditors
For details of the remuneration of the auditors please refer to note
24 on page 108.
Profit for the year
€ million
2011
€ million
2010
Company accounts Unilever N.V. 1,398 1,362
Unilever Group excluding non-controlling interest 4,252 4,244
The net profit of Unilever Group €4,252 million (2010: €4,244
million) includes the net profit of parent Unilever N.V. €1,398
million (2010: €1,362 million), the net profit of parent Unilever
PLC £1,076 million (2010: £879 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, intragroup balances and
transaction are not eliminated and other consolidated procedures
are not performed.
Directors’ remuneration
Information about the remuneration of Directors is given in the
tables noted as audited in the Directors’ Remuneration Report
onpages 50 to59, incorporated and repeated here by reference.
Information on key management compensation is provided in note
4A to consolidated group financial statements on page 73.
Employee information
During 2011 five employees were employed by the company,
of whom 4 worked abroad.
The Board of Directors
28 February 2012
Unilever Annual Report and Accounts 2011
Financial statements