Company Accounts - Unilever

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Company accounts Auditor’s report – Unilever N.V. Independent auditor’s report to the shareholders of Unilever N.V. Report on the company accounts We have audited the company accounts which are part of the Annual Report 2009 of Unilever N.V., Rotterdam, for the year ended 31 December 2009 which comprise the balance sheet, profit and loss account and the related notes on pages 134 to 136. We have reported separately on the consolidated accounts of the Unilever Group for the year ended 31 December 2009. Directors’ responsibility The Directors are responsible for the preparation and fair presentation of the company accounts in accordance with United Kingdom accounting standards and with Part 9 of Book 2 of the Netherlands Civil Code, and for the preparation of the Report of the Directors in accordance with Part 9 of Book 2 of the Netherlands Civil Code. This responsibility includes: designing, implementing and maintaining internal control relevant to the preparation and fair presentation of the company accounts that are free from material misstatement, whether due to fraud or error; selecting and applying appropriate accounting policies; and making accounting estimates that are reasonable in the circumstances. Auditor’s responsibility Our responsibility is to express an opinion on the company accounts based on our audit. We conducted our audit in accordance with Dutch law. This law requires that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance whether the company accounts are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the company accounts. The procedures selected depend on the auditor’s judgement, including the assessment of the risks of material misstatement of the company accounts, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the company accounts in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the Directors, as well as evaluating the overall presentation of the company accounts. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Opinion In our opinion, the company accounts give a true and fair view of the financial position of Unilever N.V. as at 31 December 2009, and of its result for the year then ended in accordance with United Kingdom accounting standards and with Part 9 of Book 2 of the Netherlands Civil Code. Report on other legal and regulatory requirements Pursuant to the legal requirement under 2:393 sub 5 part f of the Netherlands Civil Code, we report, to the extent of our competence, that the Report of the Directors is consistent with the company accounts as required by 2:391 sub 4 of the Netherlands Civil Code. Rotterdam, The Netherlands, 2 March 2010 PricewaterhouseCoopers Accountants N.V. R A J Swaak RA Unilever Annual Report and Accounts 2009 133
Financial statements Company accounts Unilever N.V. Balance sheet as at 31 December (after proposed appropriation of profit) 134 Unilever Annual Report and Accounts 2009 € million € million 2009 2008 Fixed assets Fixed investments 26,289 26,245 Debtors due after more than one year 3,242 2,918 Deferred taxation 18 – Total non-current assets 3,260 2,918 Debtors due within one year 1,740 2,656 Deferred taxation 20 – Cash at bank and in hand 14 7 Total current assets 1,774 2,663 Creditors due within one year (17,163) (18,122) Net current assets/(liabilities) (15,389) (15,459) Total assets less current liabilities 14,160 13,704 Creditors due after more than one year 6,515 6,207 Provisions for liabilities and charges (excluding pensions and similar obligations) 15 59 Net pension liability 90 84 Capital and reserves 7,540 7,354 Called up share capital 275 275 Share premium account 20 20 Legal reserves 16 16 Other reserves (3,428) (3,559) Profit retained 10,657 10,602 Total capital employed 14,160 13,704 Profit and loss account for the year ended 31 December € million € million 2009 2008 Income from fixed investments after taxation 1,306 1,422 Other income and expenses (19) 291 Profit for the year 1,287 1,713 For the information required by Article 392 of Book 2 of the Civil Code in the Netherlands, refer to pages 133 and 137. Pages 135 and 136 are part of the notes to the Unilever N.V. company accounts. The company accounts of Unilever N.V. are included in the consolidated accounts of the Unilever Group. Therefore, and in accordance with Article 402 of Book 2 of the Civil Code in the Netherlands, the profit and loss account only reflects the income from fixed investments after taxation and other income and expenses after taxes. The company accounts of Unilever N.V. do not contain a cash flow statement as this is not required by Book 2 of the Civil Code in the Netherlands. The Board of Directors 2 March 2010
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Company Accounts - Unilever

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