Meeting everyday needs of people everywhere - Unilever

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Unilever Group Notes to the consolidated accounts 33 Equity based compensation plans (continued) 00000000000000001111 1999 1998 1997 00000001111011111011111011111101111 01111 01111 Option value informatio n (a) Fair value per option (b) US $ 14.80 — US $ 13.67 Valuation assumptions Expected option term 2 years — 2 years Expected volatility 34.18% — 21.40% Expected dividend yield 1.23% — 0.82% Risk-free interest rate 3.66% — 4.43% (a) Weighted average of options granted during each period. (b) Estimated using Black Scholes option pricing method. 00000001111011111011111011111101111101111101111 The following table summarises information about fixed price stock options outstanding at 31 December 1999: 00000001111011111011111011111101111101111101111 Options Outstanding Options Exercisable 00511110051100511005 00511005 Number Weighted Number outstanding at average Weighted exercisable at Weighted Range of 31 December remaining average 31 December average exercise prices 1999 contractual life exercise price 1999 exercise price 00511 1005 005 1005 005 1005 US $ 52.43 633 913 2 years US $ 52.43 — — 00000000000000001111
Unilever Group Notes to the consolidated accounts 34 Summarised accounts of the NV and PLC parts of the Group 00000000000000001111 The following summarised accounts present the profit and loss account and balance sheet of the Unilever Group, analysed between the NV and PLC parts of the Group according to respective ownership. Profit and loss account for the year ended 31 December 00000000000000001111 Fl. million NV PLC 01111101111101111 01111101111101111 1999 1998 1997 1999 1998 1997 0000000111101111 01111 01111 01111 01111 01111 Turnover 60 947 61 495 65 239 29 349 27 617 29 358 Continuing operations 60 647 61 495 62 586 29 349 27 617 28 014 Acquisitions 300 — Discontinued operations 2 653 1 344 Operating profit 5 841 5 565 4 555 3 641 4 153 3 008 Continuing operations 5 854 5 565 4 217 3 641 4 153 2 832 Acquisitions (13) — Discontinued operations 338 176 Profit on sale of discontinued speciality chemicals businesses — — 6 463 — — 2 019 Loss on disposal of fixed assets in continuing businesses — — (330) — — (154) Income from fixed investments 83 58 69 31 24 16 Interest (85) 93 (182) 55 251 (48) 01111 01111 01111 01111 01111 01111 Profit on ordinary activities before taxation 5 839 5 716 10 575 3 727 4 428 4 841 Taxation (1 882) (2 024) (2 857) (1 135) (1 314) (1 328) 01111 01111 01111 01111 01111 01111 Profit on ordinary activities after taxation 3 957 3 692 7 718 2 592 3 114 3 513 Minority interests (75) (37) (69) (368) (281) (239) 01111 01111 01111 01111 01111 01111 Net profit 3 882 3 655 7 649 2 224 2 833 3 274 00000000000000001111 Balance sheet as at 31 December 00000000000000001111 Fixed assets 13 943 12 712 7 228 6 283 Current assets Stocks 7 160 6 831 4 131 3 630 Debtors 13 144 11 142 3 791 3 707 Debtors due within one year 9 703 8 868 2 950 2 429 Debtors due after more than one year 3 441 2 274 841 1 278 Cash and current investments 8 440 16 637 3 621 6 244 01111 01111 01111 01111 28 744 34 610 11 543 13 581 Creditors due within one year (19 156) (26 409) (7 584) (13 205) Borrowings (5 488) (4 428) (981) (695) Trade and other creditors (13 668) (21 981) (6 603) (12 510) Net current assets 9 588 8 201 3 959 376 01111 01111 01111 01111 Total assets less current liabilities 23 531 20 913 11 187 6 659 00000000000000001111 Creditors due after more than one year 5 793 6 218 448 484 Borrowings 4 025 4 771 59 252 Trade and other creditors 1 768 1 447 389 232 Provisions for liabilities and charges 8 094 7 320 2 003 2 187 Intra-group – NV/PLC (4 035) (567) 4 035 567 Minority interests 187 128 1 088 771 Capital and reserves 13 492 7 814 3 613 2 650 01111 01111 01111 01111 Total capital employed 23 531 20 913 11 187 6 659 00000000000000001111
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Unilever N.V. 1999 Annual Report on
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1 Unilever Annual Report on Form 20
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Financial highlights • Excellent
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Chairmen’s Statement The principa
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Selected financial data Consolidate
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Selected financial data By geograph
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About Unilever History and structur
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Financial review The figures quoted
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Financial review Total borrowings a
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Operating review Year 2000 We had n
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Operating review sustainability ind
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Corporate governance Directors The
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Corporate governance Jan Peelen* Pe
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Corporate governance contribution d
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Page 53 and 54: 51 Unilever Annual Report on Form 2
Page 69 and 70: Consolidated balance sheet as at 31
Page 71 and 72: Notes to the consolidated accounts
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Page 127 and 128: Taxation for US residents A gift of
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Meeting everyday needs of people everywhere - Unilever

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