Unilever 2011 Annual Report Download - page 119

Download and view the complete annual report

Please find page 119 of the 2011 Unilever annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 133

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133

116 Unilever Annual Report and Accounts 2011
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
2011
€ million
2010
Profit for the year (available for distribution) 1,398 1,362
Dividend (1,047) (969)
To profit retained 351 393
Post balance sheet event
On 2 February 2012 the Directors announced a dividend of
€0.225per Unilever N.V. ordinary share. The dividend is payable
from22 March 2012 toshareholders registered at close of
business on17 February 2012.
Special controlling rights under the Articles ofAssociation
See note 19 to the consolidated accounts on pages 101 to 102.
Auditors
A resolution will be proposed at the Annual General Meeting on
9May 2012 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.
Corporate Centre
Unilever N.V.
Weena 455
PO Box 760
3000 DK Rotterdam
The Netherlands