Unilever 2014 Annual Report Download - page 3
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Notes to the consolidated financial statements (continued)
13 Trade and other current recevables 107
14 Trade payables and other labltes 108
15 aptal and fundng 109
15A Share captal 110
15B Equty 111
15 Fnancal labltes 112
16 Treasury rsk management 114
16A Management of lqudty rsk 114
16B Management of market rsk 116
16 Dervatves and hedgng 118
17 Investment and return 119
17A Fnancal assets 120
17B redt rsk 121
18 Fnancal nstruments far value rsk 121
19 Provsons 123
20 ommtments and contngent labltes 124
21 Acqustons and dsposals 125
22 Assets and labltes held for sale 127
23 Related party transactons 127
24 Purchase of Estate shares convertble to Unlever PL
shares n 2038 128
25 Remuneraton of audtors 128
26 Events after the balance sheet date 128
27 Prncpal group companes and non-current
nvestments 129
Company accounts – Unilever N.V. 131
Notes to the Company accounts – Unilever N.V. 132
Further statutory and other information – Unilever N.V. 135
Responsibilities of KPMG Accountants N.V. 136
Company accounts – Unilever PLC 137
Notes to the Company accounts – Unilever PLC 138
Index 140
GOVERNANCE
Corporate governance 41
Risks 49
Biographies 54
Report of the Audit Committee 56
Report of the Corporate Responsibility Committee 58
Report of the Nominating and Corporate
Governance Committee 60
Directors’ Remuneration Report 62
FINANCIAL STATEMENTS
Statement of Directors’ responsibilities 78
Independent auditors’ reports 79
Consolidated income statement 84
Consolidated statement of comprehensive income 84
Consolidated statement of changes in equity 85
Consolidated balance sheet 86
Consolidated cash flow statement 87
Notes to the consolidated financial statements 88
1 Accountng nformaton and polces 88
2 Segment nformaton 90
3 ross proft and operatng costs 92
4 Employees 93
4A Staff and management costs 93
4B Pensons and smlar oblgatons 93
4 Share-based compensaton plans 98
5 Net fnance costs 99
6 Taxaton 100
6A Income tax 100
6B Deferred tax 100
6 Tax on other comprehensve ncome 102
7 ombned earnngs per share 102
8 Dvdends on ordnary captal 103
9 oodwll and ntangble assets 103
10 Property, plant and equpment 105
11 Other non-current assets 106
12 Inventores 107
ONTENTS
OUR ANNUAL REPORT AND ACCOUNTS 2014 IS IN TWO PARTS:
OUR STRATEGIC REPORT
The Strategic Report contains information about us, how we make money and how we run our business. It includes our strategy, business
model, markets and Key Performance Indicators, as well as our approach to sustainability and risk.
GOVERNANCE AND FINANCIAL REPORT
The Governance and Financial Report contains detailed corporate governance information, how we mitigate risk, our Committee reports
and how we remunerate our Directors, plus our Financial Statements and Notes.
ANNUAL REPORT AND ACCOUNTS 2014
You can find more information about Unilever online at www.unilever.com.
For the latest information on the USLP visit www.unilever.com/sustainable-living.
Our Strategic Report and Governance and Financial Report, along with other relevant documents, can be downloaded at
www.unilever.com/ara2014/downloads.
ONLINE
The Directors’ Report of Unilever PLC on pages 41-61, 78 (Statement of
Directors’ responsibilities), 103 (Dividends on ordinary capital), 114-119
(Treasury risk management) and 135 and 139 (Post balance sheet event) has
been approved by the PLC Board and signed on its behalf by Tonia Lovell –
Group Secretary.
The Strategic Report, together with the governance section of the Governance
and Financial Report, constitutes the report of the Directors within the meaning
of Section 2:391 of the Dutch Civil Code and has been approved by the NV Board
and signed on its behalf by Tonia Lovell – Group Secretary.