Unilever 2015 Annual Report Download - page 142

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24 PURHASE OF ESTATE SHARES ONVERTIBLE TO UNILEVER PL SHARES IN 2038
The frst Vscount Leverhulme was the founder of the company whch became Unlever PL When he ded n 1925, he left n hs wll
a large number of PL shares n varous trusts When the wll trusts were vared n 1983, the nterests of the benefcares of hs wll were
also preserved Four classes of specal shares were created n Margarne Unon (1930) Lmted, a subsdary of PL
One of these classes of shares (‘Estate shares’) has rghts that enable t to be converted at the end of the year 2038 to 70,875,000 Unlever
PL ordnary shares Before ths date, these shares have no rghts to dvdends nor do they allow early converson There are 20,000
Estate shares wth a nomnal value of £001 each
On 19 May 2014, Unlever PL purchased all of the Estate shares for a cash consderaton of £715 mllon plus transacton costs The
resultng loss of 880 mllon, beng the dfference between the nomnal value and the amount pad, was recorded n retaned earnngs
Unlever does not ntend to re-sell these shares
25 REMUNERATION OF AUDITORS
Ths note ncludes all amounts pad to the roup’s audtors, whether n relaton to ther audt of the roup orotherwse
Followng a compettve tender process KPM LLP and KPM Accountants NV (together referred to as ‘KPM’) were apponted as the
roup’s audtor for the year ended 31 December 2014 at the Annual eneral Meetngs on 14 May 2014 Prcewaterhouseoopers LLP and
Prcewaterhouseoopers Accountants NV (together referred to as ‘Prcewaterhouseoopers’) served as roup audtor for the year
ended 31 December 2013 Remuneraton of the roup’s audtor n respect of 2015 and 2014 was payable to KPM whle n respect of 2013
remuneraton was payable to Prcewaterhouseoopers
Durng the year the roup (ncludng ts subsdares) obtaned the followng servces from the roup audtor and ts assocates
 mllon
2015
 mllon
2014
 mllon
2013
Fees payable to the roup’s audtor for the audt of the consoldated and parent
company accounts of Unlever NV and Unlever PL(a) 55 6
Fees payable to the roup’s audtor for the audt of accounts of subsdares of
Unlever NV and Unlever PL pursuant to legslaton(b) 99 10
Total statutory audt fees(c) 14 14 16
Audt-related assurance servces –(d) –(d) 3
Other taxaton advsory servces –(d) –(d) 1
Servces relatng to corporate fnance transactons –– –
Other assurance servces –(d) –(d) –
All other non-audt servces –(d) –(d) 1
(a) Of whch
1 mllon was payable to KPM Accountants NV (KPM Accountants NV 2014 1 mllon and Prcewaterhouseoopers Accountants NV 2013 1 mllon)
and 4 mllon was payable to KPM LLP (KPM LLP 2014 4 mllon and Prcewaterhouseoopers LLP 2013 5 mllon)
(b) omprses fees payable to the KPM network of ndependent member frms afflated wth KPM Internatonal ooperatve for audt work on statutory
fnancal statements and roup reportng returns of subsdary companes n 2015 and 2014 (2013 Prcewaterhouseoopers Internatonal Lmted)
(c) Amount payable to KPM n respect of servces suppled to assocated penson schemes was less than 1 mllon ndvdually and n aggregate (KPM 2014
less than 1 mllon ndvdually and n aggregate and Prcewaterhouseoopers 2013 1 mllon)
(d) Amounts pad n relaton to each type of servce are ndvdually less than 1 mllon In aggregate the fees pad were 1 mllon (2014 less than 1 mllon)
26 EVENTS AFTER THE BALANE SHEET DATE
Where events occurrng after the balance sheet date provde evdence of condtons that exsted at the end of the reportng perod, the
mpact of these events s adusted wthn the fnancal statements Otherwse, events after the balance sheet date of a materal sze or
nature are dsclosed below
On 19 January 2016 Unlever announced a quarterly dvdend wth the 2015 fourth quarter results of 03020 per NV ordnary share and
£02300 per PL ordnary share
135Unilever Annual Report and Accounts 2015 Financial statements