Meeting everyday needs of people everywhere - Unilever
Meeting everyday needs of people everywhere - Unilever
Meeting everyday needs of people everywhere - Unilever
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
<strong>Unilever</strong> Group Notes to the consolidated accounts<br />
24 Contingent liabilities<br />
0000§0000000000001111<br />
Contingent liabilities amounting to Fl. 399 million (1998: Fl. 450 million) arise from guarantees. These guarantees are not expected to<br />
give rise to any material loss. Guarantees given by parent or group companies relating to liabilities included in the consolidated accounts<br />
are not included.<br />
Other contingent liabilities arise in respect <strong>of</strong> litigation against companies in the Group, investigations by competition authorities and<br />
obligations under environmental legislation in various countries. These are not expected to give rise to any material loss.<br />
0000§0000000000001111<br />
25 Acquisition and disposal <strong>of</strong> group companies<br />
0000§0000000000001111<br />
The net assets and results <strong>of</strong> acquired businesses are included in the consolidated accounts from their respective dates <strong>of</strong> acquisition.<br />
The following table sets out the effect <strong>of</strong> acquisitions <strong>of</strong> group companies in 1999 on the consolidated balance sheet. Acquisition<br />
accounting has been applied in all cases.<br />
0000§0000000000001111<br />
Fl. million<br />
111111111500111115011111150<br />
Balance sheets Adjustments to Fair values<br />
<strong>of</strong> acquired align accounting at date <strong>of</strong><br />
businesses policies Revaluations acquisition<br />
00000000001111 011115 011115 011115<br />
Acquisitions<br />
Intangible assets 40 (12) — 28<br />
Fixed assets 206 (5) 16 217<br />
Current assets 180 — (3) 177<br />
Creditors (41) (2) — (43)<br />
Provisions for liabilities and charges:<br />
Pensions and similar obligations (1) (1) — (2)<br />
Deferred taxation 1 1 (5) (3)<br />
Other provisions (2) — 2 —<br />
Minority interests — 22 (2) 20<br />
05 011115 011115 011115<br />
Total net assets acquired 383 3 8 394<br />
05 011115 011115 011115<br />
Fl. million<br />
5011111501111150<br />
1999 1998 1997<br />
0000000000001111 11150 11150<br />
Acquisitions<br />
Net assets acquired 394 109 1 048<br />
Goodwill arising 707 493 —<br />
Goodwill written <strong>of</strong>f (a) — 181 2 000<br />
05 11150 11150<br />
Consideration 1 101 783 3 048<br />
05 11150 11150<br />
Of which:<br />
Cash 27 1 064 747 2 941<br />
Cash balances <strong>of</strong> businesses acquired 27 (43) (35) (65)<br />
Current investments, cash deposits and borrowings <strong>of</strong> businesses acquired 57 38 62<br />
Non cash and deferred consideration 23 33 110<br />
05 11150 11150<br />
(a) Adjustments to goodwill on acquisitions made before 1 January 1998.<br />
0000§0000000000001111
Change language