Unilever 2013 Annual Report Download - page 133

Download and view the complete annual report

Please find page 133 of the 2013 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 153

  • 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
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153

20 OMMITMENTS AND ONTINENT LIABILITIES CONTINUED
Long-term fnance lease commtments
 mllon
Future
mnmum
lease
payments
2013
 mllon
Fnance
cost
2013
 mllon
Present
value
2013
€ million
Future
minimum
lease
payments
2012
€ million
Finance
cost
2012
€ million
Present
value
2012
Buildings(a) 290 103 187 324 142 182
Plant and machinery 22 517 26 620
312 108 204 350 148 202
The commitments fall due as follows:
Within 1 year 25 10 15 28 13 15
Later than 1 year but not later than 5 years 107 36 71 119 63 56
Later than 5 years 180 62 118 203 72 131
312 108 204 350 148 202
(a) All leased land is classified as operating leases.
The table below shows the net book value of property, plant and equipment under a number of finance lease agreements.
Net book value
 mllon
Buldngs
 mllon
Plant and
equpment
 mllon
Total
Cost 211 141 352
Accumulated depreciation (57) (119) (176)
31 December 2013 154 22 176
Cost 198 155 353
Accumulated depreciation (52) (126) (178)
31 December 2012 146 29 175
The Group has sublet part of the leased properties under finance leases. Future minimum sublease payments of €30 million
(2012: €33 million) are expected to bereceived.
Long-term operatng lease commtments
 mllon
2013
€ million
2012
Land and buildings 1,328 1,400
Plant and machinery 459 547
1,787 1,947
Operatng lease and other commtments fall due as follows
 mllon
Operatng
leases
2013
€ million
Operating
leases
2012
 mllon
Other
commt-
ments
2013
€ million
Other
commit-
ments
2012
Within 1 year 335 383 906 1,159
Later than 1 year but not later than 5 years 913 1,015 778 1,009
Later than 5 years 539 549 25 75
1,787 1,947 1,709 2,243
The Group has sublet part of the leased properties under operating leases. Future minimum sublease payments of €12 million
(2012: €50 million) are expected to bereceived.
Other commitments principally comprise commitments under contracts to purchase materials and services. They do not include
commitments for capital expenditure, which are reported in note 10 on page 111.
Contingent liabilities arise in respect of litigation against group companies, investigations by competition, regulatory and fiscal
authorities and obligations arising under environmental legislation. The estimated total of such contingent liabilities at 31 December
2013 was €719 million (2012: €236 million). The Group does not believe that any of these contingent liabilities will result in a material
loss.
130 Unlever Annual Report and Accounts 2013Fnancal statements
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNILEVER GROUP CONTINUED