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 />
16 Trade and other creditors<br />
0000§0000<br />
Fl. million<br />
111050<br />
1999 1998<br />
5110001110111110 1110<br />
Due within one year:<br />
Trade creditors 8 933 7 688<br />
Social security and sundry taxes 924 869<br />
Accruals and deferred income 4 618 4 040<br />
Taxation on pr<strong>of</strong>its 1 405 1 422<br />
Dividends (a) 1 970 1 872<br />
Others 2 421 2 586<br />
1110 1110<br />
20 271 18 477<br />
1110 1110<br />
Due after more than one year:<br />
Accruals and deferred income 301 272<br />
Taxation on pr<strong>of</strong>its 1 459 1 147<br />
Others 397 260<br />
1110 1110<br />
2 157 1 679<br />
1110 1110<br />
Total creditors 22 428 20 156<br />
1110 1110<br />
(a) Excludes the special dividend.<br />
0000§0000<br />
17 Pensions and similar obligations<br />
0000§0000<br />
These are predominantly long-term liabilities:<br />
Unfunded pension plans 4 829 4 681<br />
Funded pension plans (680) (990)<br />
Post-retirement health benefits 1 797 1 560<br />
1110 1110<br />
5 946 5 251<br />
Add asset balances reclassified as debtors<br />
after more than one year 12 1 350 1 258<br />
1110 1110<br />
7 296 6 509<br />
1110 1110<br />
Movements during the year:<br />
1 January 5 251<br />
Currency retranslation 196<br />
Pr<strong>of</strong>it and loss account 501<br />
Payments (a) (70)<br />
Acquisitions/disposals (15)<br />
Other adjustments 83<br />
1110<br />
31 December 5 946<br />
1110<br />
(a) Net <strong>of</strong> refunds received from pension funds totalling Fl. 587million.<br />
Further details <strong>of</strong> <strong>Unilever</strong>’s pension and post-retirement benefits<br />
are given in note 32 on pages 91 to 93.<br />
0000§0000<br />
18 Deferred taxation and other provisions<br />
0000§0000<br />
Fl. million<br />
111050<br />
1999 1998<br />
5110001110111110 1110<br />
Deferred taxation on:<br />
Accelerated depreciation 2 527 2 547<br />
Stock reliefs 153 126<br />
Pension and similar provisions (1 226) (1 016)<br />
Short-term and other timing differences (2 430) (2 305)<br />
1110 1110<br />
(976) (648)<br />
Less asset balances reclassified as debtors<br />
due after more than one year 12 2 596 1 939<br />
1110 1110<br />
1 620 1 291<br />
Restructuring provisions 800 1 216<br />
Other provisions 381 491<br />
1110 1110<br />
2 801 2 998<br />
1110 1110<br />
Movements in deferred taxation:<br />
1 January (648)<br />
Currency retranslation 45<br />
Acquisition/disposal <strong>of</strong> group companies (2)<br />
Pr<strong>of</strong>it and loss account (371)<br />
1110<br />
31 December (976)<br />
1110<br />
On a SSAP 15 basis provision for<br />
deferred taxation would be: (404) (148)<br />
1110 1110<br />
Movements in restructuring provisions:<br />
1 January 1 216<br />
Currency retranslation 18<br />
Pr<strong>of</strong>it and loss account:<br />
new charges 438<br />
releases (130)<br />
Utilisation (742)<br />
1110<br />
31 December 800<br />
1110<br />
Restructuring provisions include primarily<br />
provisions for severance costs in connection<br />
with business reorganisations which have<br />
been announced.<br />
Movements in other provisions:<br />
1 January 491<br />
Currency retranslation 35<br />
Acquisition/disposal <strong>of</strong> group companies (1)<br />
Pr<strong>of</strong>it and loss account (34)<br />
Utilisation (110)<br />
1110<br />
31 December 381<br />
0000§0000
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