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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<strong>Unilever</strong> Group Notes to the consolidated accounts<br />
14 Cash at bank and in hand<br />
Fl. million<br />
111050<br />
1999 1998<br />
5 1 1 0 0 0 1 1 1 0 0 0 0 0 § 0 0 0 1 1 0 1 111§1110 1110<br />
On call and in hand 3 032 2 047<br />
Repayment notice required 5 775 9 964<br />
1110 1110<br />
8 807 12 011<br />
1110 1110<br />
Interest rate pr<strong>of</strong>ile and currency analysis <strong>of</strong> financial assets<br />
Taking into account the various interest rate swaps, forward rate agreements and forward foreign currency contracts entered into by<br />
the Group, the table below sets out the interest rate pr<strong>of</strong>ile <strong>of</strong> the Group’s financial assets analysed by principal currency:<br />
00000000000000001111<br />
15 Borrowings<br />
00000000<br />
Fl. million<br />
111050<br />
1999 1998<br />
5110001110111110 1110<br />
Bank loans and overdrafts 4 551 4 064<br />
Bonds and other loans 6 002 6 082<br />
1110 1110<br />
10 553 10 146<br />
1110 1110<br />
The repayments fall due as follows:<br />
Within 1 year:<br />
Bank loans and overdrafts 4 063 3 686<br />
Bonds and other loans 2 406 1 437<br />
1110 1110<br />
Total due within one year 6 469 5 123<br />
1110 1110<br />
After 1 year but within 2 years 1 777 1 317<br />
After 2 years but within 3 years 105 1 648<br />
After 3 years but within 4 years 57 15<br />
After 4 years but within 5 years 1 535 14<br />
After 5 years: By instalments 8 7<br />
Not by instalments 602 2 022<br />
1110 1110<br />
Total due after more than one year 4 084 5 023<br />
1110 1110<br />
Total amount repayable by instalments<br />
any <strong>of</strong> which are payable after five years 54 53<br />
1110 1110<br />
Secured borrowings – mainly<br />
bank loans and overdrafts 113 286<br />
1110 1110<br />
Of which secured against<br />
tangible fixed assets 61 99<br />
1110 1110<br />
Fixed rate Floating rate Total<br />
000511100 11150 11150<br />
Weighted Weighted<br />
average average<br />
Fl. million interest rate fixing period Fl. million Fl. million<br />
00000011111111150 11150 11150 11150 11150<br />
1999<br />
Sterling 177 5.3% 0.1 years 1 305 1 482<br />
USDollar — — — 2 042 2 042<br />
Euro 2 428 4.8% 1.0 years 3 829 6 257<br />
Other — — — 2 280 2 280<br />
11150 11150 11150 11150 11150<br />
Total 2 605 9 456 12 061<br />
11150 11150 11150<br />
1998<br />
Sterling 1 202 6.6% 1.1 years 3 256 4 458<br />
USDollar — — — 4 973 4 973<br />
Euro 6 547 5.1% 0.9 years 5 342 11 889<br />
Other — — — 1 561 1 561<br />
11150 11150 11150 11150 11150<br />
Total 7 749 15 132 22 881<br />
11150 11150 11150<br />
Interest on substantially all <strong>of</strong> the floating rate financial assets above is determined principally by reference to the 3 months LIBOR.<br />
In addition to the above, the Group has other fixed investments <strong>of</strong> Fl. 238 million (1998: Fl. 257 million) which are non-interest bearing<br />
and have no fixed repayment date.<br />
00000000000000001111<br />
15 Borrowings (continued)<br />
00000000<br />
Fl. million<br />
111050<br />
1999 1998<br />
5110001110111110 1110<br />
Bonds and other loans<br />
NV<br />
8% Notes 1999 (US $) — 375<br />
9% Bonds 2000 (NLG) (a) 486 485<br />
3 1 ⁄2% Bonds 2001 (Swiss Frs.) (b) 411 414<br />
5 1 ⁄8% Notes 2001 (Deutschmarks) (c) 337 338<br />
6% Notes 2001 (US $) (d) 440 375<br />
6 5 ⁄8% Notes 2001 (US $) (d) 550 469<br />
6 1 ⁄2% Bonds 2004 (NLG) (a) 351 350<br />
7 1 ⁄8% Bonds 2004 (French Frs.) (e) 503 504<br />
7 1 ⁄4% Bonds 2004 (US $) (d) 550 469<br />
6 5 ⁄8% Notes 2005 (US $) (d) 440 375<br />
Other 912 879<br />
1110 1110<br />
Total NV 4 980 5 033<br />
1110 1110
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