Unilever 2011 Annual Report Download - page 123

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NOTES TO THE COMPANY ACCOUNTS UNILEVER PLC continued
Intangible assets
£ million
2011
£ million
2010
Intangible assets(a) 59 48
(a) The movement in the year includes the acquisition of trademarks within
Australia, New Zealand and United Kingdom.
Fixed investments
£ million
2011
£ million
2010
Shares in group companies(b) 5,979 5,942
(b) The movement in the year is an additional investment in a groupcompany.
Debtors
£ million
2011
£ million
2010
Due within one year:
Amounts owed by group companies(c) 418 544
Taxation and social security 7–
Other 31
428 545
(c) Amounts owed by 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
£ million
2011
£ million
2010
Due within one year:
Amounts owed to group companies(d) 3,764 3,857
Taxation and social security –56
Accruals and deferred income 11 11
Other 39
3,778 3,933
Due after more than one year:
Bonds and other loans(e) 745 744
(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.
(e) In 2009 Unilever PLC issued the following senior notes:
• on 19 March £350 million at 4.0% maturing December 2014 (year-end
value at amortised cost £348 million); and
• on 17 June £400 million at 4.75% maturing June 2017 (year-endvalue
amortised cost £397 million).
Provisions for liabilities and charges (excluding pensions
andsimilar obligations)
Unilever Annual Report and Accounts 2011
Financial statements
£ million £ million
2011 2010
Deferred taxation 89
Other provisions(f)
Of which due within one year
141
950
141
(f) 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 page 103.
Ordinary share capital
The called up share capital amounting to £41 million consists of
1,310,156,361 PLC ordinary shares and 100,000 PLC deferred
stock. The deferred stock of PLC are held as to one half of each
class by N.V. Elma – a subsidiary of NV – and one half by United
Holdings Ltd – asubsidiary of PLC. Further details are given in
note 19 to the consolidated accounts on pages 101 to 102.
Other reserves
The own ordinary shares held by PLC amount to 29,739,105
(2010:31,535,271) 31/9p and are included in Other reserves.
£ million
2011
£ million
2010
1 January (428) (455)
Movements in shares 23 27
31 December (405) (428)
Profit retained
£ million
2011
£ million
2010
1 January 2,090 2,106
Profit for the year 1,076 879
Other movements 65
Dividends (979) (900)
31 December 2,193 2,090
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 is not significant in either 2010 or 2011.
The guarantees issued to other companies were immaterial.
Remuneration of auditors
The parent company accounts of Unilever PLC are required to
comply with The Companies (Disclosure of Auditor Remuneration)
Regulations 2005. Auditors’ remuneration in respect of Unilever
PLCis included within the disclosures in note 24 on page 108.
Profit appropriation
£ million
2011
£ million
2010
Profit for the year (available for distribution) 1,076 879
Dividends(g) (752) (683)
To profit retained 324 196
(g) The dividend to be paid in March 2012 (see post balance sheet event) is not
included in the 2011 dividend amount.
Post balance sheet event
On 2 February 2012 the Directors announced a dividend of
£0.1879perUnilever PLCordinary share. The dividend is payable
from22 March 2012 to shareholders registered at close of
business on17 February 2012.