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Reconclaton of equty at 31 December 2014
Notes
UK AAP
£ mllon
Effect of
transton
£ mllon
FRS 101
£ mllon
Assets
Non-current assets
Intangble assets (a) 176 7183
Investments n subsdares 8,372 –8,372
Deferred tax assets (b) 5(5) –
8,553 28,555
urrent assets
Trade and other current
recevables 598 –598
598 –598
Total assets 9,151 29,153
Labltes
urrent labltes
Trade payables and other
current labltes 7,256 –7,256
7,256 –7,256
Non-current labltes
Fnancal labltes 648 –648
648 –648
Total labltes 7,904 –7,904
Equty
Shareholders’ equty
alled up share captal 41 –41
Share premum 94 –94
aptal redempton reserve 11 –11
Other reserves (394) –(394)
Retaned proft (c) 1,495 21,497
Shareholders’ equty/total
equty 1,247 –1,249
Total labltes and equty 9,151 29,153
(a) In lne wth UK AAP, Unlever PL amortsed ndefnte lfe ntangble
assets Under FRS 101, ndefnte lfe ntangble assets are not amortsed
but revewed annually for mparment and accordngly an adustment s
made n the books of Unlever PL to remove the amortsaton charge
of ndefnte lfe ntangble assets For all ntangble assets deemed cost
has been used as far value on transton to FRS 101 There have been no
adustments to the carryng value reported under UK AAP n arrvng
at the deemed cost under FRS 101
(b) The deferred tax poston s updated due to the change n the ntangble
asset balance
() The mpact on equty s the net of the mpact of ponts (a) and (b) above
10 PROFIT APPROPRIATION
£ mllon
2015
£ mllon
2014
Restated
Proft for the year (avalable for dstrbuton) 4,586 1,095
Dvdends(g) (836) (876)
To proft retaned 3,750 219
(g) The dvdend to be pad n March 2016 (see note 13) s not ncluded n the
2015 dvdend amount
11 ONTINENT LIABILITIES AND FINANIAL
OMMITMENTS
The total amount of guarantees s £11,232 mllon (2014 £10,166
mllon) Ths manly conssts of guarantees relatng to the
long-term debt and commercal paper ssued by Unlever NV
and/or roup companes such as Unlever aptal orporaton Inc,
some of whch are ont wth Unlever NV and Unlever Unted
States Inc Other ont guarantees wth Unlever NV relate to
dervatves taken out by roup companes There s also a
guarantee to the penson fund n respect of the UK penson scheme
Addtonally Unlever PL has fnancal commtments ncludng
ndemntes arsng from past busness dsposals and trademarks
used by ont ventures No value can be attrbuted
to these fnancal commtments at ths tme
The lkelhood of these guarantees, fnancal commtments and
contngences beng called s consdered to be remote and so
accordngly the far value s deemed to be mmateral
12 REMUNERATION OF AUDITORS
The parent company accounts of Unlever PL are requred to
comply wth The ompanes (Dsclosure of Audtor Remuneraton
and Lablty Lmtaton Agreements) Regulatons 2008 Audtor’s
remuneraton n respect of Unlever PL s ncluded wthn the
dsclosures n note 25 on page 135
13 POST BALANE SHEET EVENT
On 19 January 2016 the Drectors announced a dvdend of
£02300 per Unlever PL ordnary share The dvdend s payable
from 9 March 2016 to shareholders regstered at the close of
busness on 5 February 2016
14 EXPLANATION OF TRANSITION TO FRS 101 FROM
UK AAP
Ths s the frst year that the ompany has presented ts fnancal
statements under FRS 101 The last fnancal statements were
prepared under UK enerally Accepted Accountng Practce (UK
AAP) for the year ended 31 December 2014 The date of transton
s 1 January 2014 Ths note explans the prncpal adustments
made by the ompany n restatng ts balance sheet as at
1 January 2014 On transton to FRS 101, the ompany has appled
the requrements of paragraphs 6-33 of IFRS 1 ‘Frst tme
adoptons of Internatonal Fnancal Reportng Standards’
158 Unilever Annual Report and Accounts 2015Financial statements
NOTES TO THE OMPANY AOUNTS
UNILEVER PL ONTINUED