Meeting everyday needs of people everywhere - Unilever
Meeting everyday needs of people everywhere - Unilever
Meeting everyday needs of people everywhere - Unilever
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Notes to the company accounts<br />
<strong>Unilever</strong> N.V .<br />
Fixed investments<br />
00000000<br />
Fl. million<br />
051110<br />
1999 1998<br />
0000005 0111<br />
Shares in group companies 2 173 2 173<br />
Book value <strong>of</strong> PLC shares held in<br />
connection with share options (a) 276 —<br />
Less NV shares held by group<br />
companies (a) (252) (499)<br />
51115 0111<br />
2 197 1 674<br />
51115 0111<br />
(a) During 1999 NV acquired from group companiesNV and PLC shares<br />
held in connection with share options. The PLC shares held by NV are<br />
shown as part <strong>of</strong> the NV fixed investments; NV shares still held by<br />
group companies are deducted from NV fixed investments; NV shares<br />
now held directly by NV are no longer deducted.<br />
00000000<br />
Debtors<br />
00000000<br />
Loans to group companies 8 844 7 935<br />
Other amounts owed by group companies 6 023 13 338<br />
Amounts owed by undertakings in which<br />
the company has a participating interest 156 155<br />
Other 566 284<br />
51115 0111<br />
15 589 21 712<br />
51115 0111<br />
Of which due after more than one year 2 404 2 810<br />
00000000<br />
Current investments<br />
00000000<br />
Listed stocks 1 342 587<br />
Cost <strong>of</strong> current investments 1 338 570<br />
00000000<br />
Cash at bank and in hand<br />
00000000<br />
This includes amounts for which repayment<br />
notice is required <strong>of</strong> 3 376 1 169<br />
00000000<br />
Creditors<br />
00000000<br />
Due within one year:<br />
Bank loans and overdrafts 25 33<br />
Bonds and other loans 1 400 1 253<br />
Loans from group companies 41 26<br />
Other amounts owed to group companies 7 488 6 284<br />
Taxation and social security 128 126<br />
Accruals and deferred income 348 213<br />
Dividends 1 098 10 375<br />
Other 299 70<br />
51115 0111<br />
10 827 18 380<br />
51115 0111<br />
Due after more than one year:<br />
Bonds and other loans 3 580 3 780<br />
Loans from group companies — —<br />
51115 0111<br />
3 580 3 780<br />
51115 0111<br />
These include amounts due<br />
after more than five years:<br />
Bonds and other loans 439 1 698<br />
00000000<br />
Provisions for liabilities and charges<br />
00000000<br />
Fl. million<br />
051110<br />
1999 1998<br />
0000005 0111<br />
Pension provisions 287 275<br />
Deferred taxation and other provisions 89 74<br />
51115 0111<br />
376 349<br />
51115 0111<br />
Of which due within one year 18 41<br />
00000000<br />
Ordinary share capital<br />
00000000<br />
Shares numbered 1 to 2 400 are held by a subsidiary <strong>of</strong> NV and a<br />
subsidiary <strong>of</strong> PLC. Additionally, 7 225 674 Fl. 1.12 ordinary shares<br />
are held by NV and other group companies and trusts. Full details<br />
are given in note 20 on pages 80 to 83.<br />
00000000<br />
Share premium account<br />
00000000<br />
The share premium shown in the balance sheet is not available<br />
for issue <strong>of</strong> tax free bonus shares or for tax free repayment. For<br />
an amount <strong>of</strong> Fl. 3 045 million the premium is for Dutch tax<br />
purposes considered ‘pr<strong>of</strong>it retained’.<br />
00000000<br />
Pr<strong>of</strong>it retained and other reserves<br />
00000000<br />
Pr<strong>of</strong>it retained 31 December 4 782 2 388<br />
Cost <strong>of</strong> NV shares purchased and held<br />
by NV and by group companies (809) (498)<br />
51115 0111<br />
Balance 31 December 3 973 1 890<br />
51115 0111<br />
Pr<strong>of</strong>it retained shown in the company accounts and the notes<br />
thereto is less than the amount shown in the consolidated<br />
balance sheet, mainly because only part <strong>of</strong> the pr<strong>of</strong>its <strong>of</strong> group<br />
companies has been distributed in the form <strong>of</strong> dividends.<br />
00000000<br />
Contingent liabilities<br />
00000000<br />
These are not expected to give rise to any material loss and<br />
include guarantees given for group and other companies, under<br />
which amounts outstanding at 31 December were:<br />
Group companies 4 120 4 303<br />
Other 1 —<br />
51115 0111<br />
4 121 4 303<br />
51115 0111<br />
Of the above, guaranteed also by PLC 990 868<br />
00000000