Report & accounts 2002 in full - Unilever

14 Net funds/(debt)
Unilever Annual Report & Accounts and Form 20-F 2002
Notes to the consolidated accounts 83
Unilever Group
€ million € million
2002 2001
Current investments
Listed 62 43
Unlisted 1 164 396
1 226 439
Cash at bank and in hand
On call and in hand 1 602 1 576
Repayment notice required 650 286
2 252 1 862
Borrowings
Bank loans and overdrafts (1 844) (2 893)
Bonds and other loans (18 600) (22 607)
(20 444) (25 500)
Total net funds/(debt) (16 966) (23 199)
Current investments include short-term deposits, government
securities and A- or higher rated money and capital market
instruments.
€ million € million
2002 2001
Borrowings – additional details
The repayments fall due as follows:
Within one year:
Bank loans and overdrafts 1 514 2 719
Bonds and other loans 7 997 8 560
Total due within one year 9 511 11 279
After one year but within two years 1 734 5 090
After two years but within three years 2 047 1 736
After three years but within four years 1 807 2 257
After four years but within five years 1 807 1 917
After five years: By instalments – –
Not by instalments 3 538 3 221
Total due after more than one year 10 933 14 221
Total amount repayable by instalments any of
which are payable after five years 2 –
Secured borrowings – mainly bank loans
and overdrafts 44 24
Of which secured against tangible fixed assets 6 15
The tables set out below and on page 84 take into account the
various interest rate swaps and forward foreign currency contracts
entered into by the Group, details of which are set out in note 15
on pages 85 and 86. Details of specific bonds and other loans are
also given below.
€ million € million
2002 2001
NV
Floating rate notes 2002 (US $) – 2 541
Floating rate notes 2003 (€) 1 000 999
Floating rate notes 2003 (US $) 477 564
Floating rate notes 2003 (Japanese Yen) 402 430
4.750% Bonds 2004 (€) 998 997
7.250% Bonds 2004 (US $) 238 282
6.500% Bonds 2004 (€) 159 159
7.125% Bonds 2004 (€) 228 228
6.625% Notes 2005 (US $) 191 226
3.375% Bonds 2005 (Swiss Francs) 343 337
5.125% Bonds 2006 (€) 998 997
5.125% Notes 2006 (US $) 474 561
4.250% Bonds 2007 (€) 996 –
5.000% Bonds 2007 (US $) 617 –
Commercial paper (€) 962 797
Commercial paper (£) 234 1 007
Commercial paper (US $) 595 1 055
Commercial paper (Swiss Francs) 93 168
Other 788 433
Total NV 9 793 11 781
PLC
Eonia indexed note 2002 (€) – 500
Floating rate notes 2002 (€) – 1 000
Floating rate notes 2002 (£) – 213
5.375% Notes 2003 (€) 1 250 1 249
Commercial paper (€) 59 –
Commercial paper (£) 98 –
Other (a) – (6)
Total PLC 1 407 2 956
Other group companies:
United States:
6.750% Notes 2003 (US $) 1 429 1 694
6.875% Notes 2003 (US $) 95 113
6.875% Notes 2005 (US $) 1 427 1 694
6.150% Bonds 2006 (US $) 277 325
7.125% Bonds 2010 (US $) 1 657 1 977
7.000% Bonds 2017 (US $) 135 160
7.250% Bonds 2026 (US $) 270 319
6.625% Bonds 2028 (US $) 209 246
5.900% Bonds 2032 (US $) 943 –
5.000% Bonds 2045 (Swiss Francs) 138 135
5.600% Bonds 2097 (US $) 87 103
Commercial paper (US $) 351 838
Other 41 82
Thailand:
3.300% Bonds 2007 (Thai baht) 144 –
Other countries 197 184
Total other group companies 7 400 7 870
Total bonds and other loans 18 600 22 607
(a) The negative amount shown in 2001 relates to the exchange
difference on the currency swap used to swap certain euro
borrowings into sterling.
Financial Statements