Unilever annual report 2014

Report of the Directors

(continued)

Reconciliation of change in liabilities

The movement in the obligations over the year is as follows:

At 1 January (1,189,554) (1,186,878) (2,707,428) (2,595,222) (355,974) (235,409)Included in income statementCurrent service charge - - (312,121) (285,204) (50,196) (34,457)Interest cost (132,400) (132,926) (375,222) (333,611) (48,245) (28,263)Actuarial losses change in assumptions - - - - 72,977 39,312Actuarial losses/(gains) experience - - - - 17,224 (120,026)

(132,400) (132,926) (687,343) (618,815) (8,240) (143,434)Included in OCIActuarial losses change in assumptions 122,940 - 336,574 361,860 - - Actuarial losses/(gains) experience 89,425 (23,947) 70,022 (307,482) - -

212,365 (23,947) 406,596 54,378 - - OthersEmployee contributions (208,084) (37,390) - - - - Benefits paid 212,032 191,587 231,670 452,231 22,343 22,869

3,948 154,197 231,670 452,231 22,343 22,869

At 31 December (1,105,641) (1,189,554) (2,756,505) (2,707,428) (341,871) (355,974)

N'000 N'000 N'000 N'000 N'000 N'0002014 2014 20142013 2013 2013

Funded Retirement Benefit Obligations

Unfunded Retirement Benefit Obligations

Long Service Award Obligations

(iv)

Present value of funded retirement benefit obligation (Note 20(iv)) (1,105,641) (1,189,554)Fair value of plan assets (Note 20(v)) 1,515,353 1,345,196

Retirement benefit surplus 409,712 155,642Present value of unfunded retirement benefit obligations (Note 20(iv)) (2,756,505) (2,707,429)Long service award obligations (Note 20(iv)) (341,871) (355,974)

Net liability in the statement of financial position (2,688,664) (2,907,761)

2014N'000

2013N'000

For Company's use only No. of Shares

0 Cover.pdf1 Pg 1 - 41 Non financial 1.pdf2 Pg 42 - 73 Financial 1.pdf3 Pg 74-110 Financials 2.pdf4 Pg 111-138 Non financials 2.pdf5 End cover.pdf