Unilever 2011 Annual Report Download - page 99

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96
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS UNILEVER GROUP continued
16B. Treasury risk management continued
The following table shows Unilever’s contractually agreed undiscounted cash flows, including expected interest payments, which are
payable under financial liabilities at the balance sheet date:
Undiscounted cash flows
€ million
Due
within
1 year
€ million
Due
between
1 and
2 years
€ million
Due
between
2 and
3 years
€ million
Due
between
3 and
4 years
€ million
Due
between
4 and
5 years
€ million
Due
after
5 years
€ million
Total
€ million
Net
carrying
amount as
shown in
balance
sheet
2011
Non-derivative financial liabilities:
Preference shares (4) (4) (4) (4) (4) (72) (92) (68)
Bank loans and overdrafts (2,123) (183) (116) (22) (372) (1) (2,817) (2,737)
Bonds and other loans
At amortised cost (3,163) (602) (1,284) (487) (576) (5,114) (11,226) (8,255)
Subject to fair value hedge accounting (847) (812) (25) (775) – – (2,459) (2,330)
Finance lease creditors 20 (28) (27) (25) (23) (23) (220) (346) (204)
Trade payables 14 (10,574) (287) – – – – (10,861) (10,861)
Issued financial guarantees (35) – – – – – (35) –
(16,774) (1,915) (1,454) (1,311) (975) (5,407) (27,836) (24,455)
Derivative financial liabilities:
Interest rate derivatives:
Derivative contracts – receipts 70 199 31 51 47 184 582
Derivative contracts – payments (81) (212) (40) (67) (58) (178) (636)
Foreign exchange derivatives:
Derivative contracts – receipts 9,444 – – – – – 9,444
Derivative contracts – payments (9,604) – – – – – (9,604)
(171) (13) (9) (16) (11) 6 (214) (197)
31 December (16,945) (1,928) (1,463) (1,327) (986) (5,401) (28,050)
2010
Non-derivative financial liabilities:
Preference shares (5) (5) (5) (5) (5) (95) (120) (90)
Bank loans and overdrafts (1,200) (494) (27) (1) (1) (2) (1,725) (1,678)
Bonds and other loans
At amortised cost (1,025) (403) (528) (1,159) (424) (3,975) (7,514) (4,924)
Subject to fair value hedge accounting (97) (847) (812) (25) (775) – (2,556) (2,331)
Finance lease creditors 20 (31) (25) (24) (23) (22) (232) (357) (208)
Trade payables 14 (9,837) (298) – – – – (10,135) (10,135)
Issued financial guarantees (69) – – – – – (69) –
(12,264) (2,072) (1,396) (1,213) (1,227) (4,304) (22,476) (19,366)
Derivative financial liabilities:
Interest rate derivatives:
Derivative contracts – receipts 52 60 239 73 27 36 487
Derivative contracts – payments (62) (81) (256) (75) (27) (34) (535)
Foreign exchange derivatives:
Derivative contracts – receipts 11,477 – – – – – 11,477
Derivative contracts – payments (11,797) – – – – – (11,797)
(330) (21) (17) (2) – 2 (368) (366)
31 December (12,594) (2,093) (1,413) (1,215) (1,227) (4,302) (22,844)
Unilever Annual Report and Accounts 2011
Financial statements