Statement of Financial Position, Assets

The statement of financial position provides creditors, investors, and analysts with information on company's resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company's assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Unilever N.V., Consolidated Statement of Financial Position, Assets

USD $ in millions, translated from EUR €

 
Dec 31, 2013 Dec 31, 2012 Dec 31, 2011 Dec 31, 2010 Dec 31, 2009
Goodwill 19,177  19,276  19,325  17,487  17,864 
Intangible assets 9,628  9,360  9,104  6,768  6,569 
Property, plant and equipment 12,876  12,454  11,383  10,422  9,523 
Pension asset for funded schemes in surplus 1,366  886  1,301  1,208  1,088 
Deferred tax assets 1,494  1,468  546  805  1,058 
Financial assets 696  705  620  678  695 
Interest in net assets of joint ventures and associates 131  109  121  118  146 
Long-term trade and other receivables 285  227  222  204  304 
Fair value of biological assets 47  38  42  45  46 
Other non-financial assets 313  332  436  326  267 
Other non-current assets 776 
707 
820 
694 
763 
Non-current assets 46,012 
44,856 
43,099 
38,061 
37,559 
Inventories 5,425  5,849  5,969  5,718  5,128 
Trade receivables 3,930  3,683  3,758  3,372  3,317 
Prepayments and accrued income 711  724  767  825  677 
Other receivables 2,016  1,443  1,330  1,290  922 
Trade and other current receivables 6,657 
5,849 
5,855 
5,487 
4,915 
Current tax assets 299  286  284  395  248 
Cash and cash equivalents 3,149  3,250  4,520  3,073  3,787 
Other financial assets 1,047  529  1,885  730  1,393 
Non-current assets held for sale 127  253  27  1,162  24 
Current assets 16,704 
16,017 
18,540 
16,566 
15,495 
Total assets 62,716 
60,873 
61,640 
54,627 
53,054 
Source: Unilever N.V., Annual Reports
Item Description The company
Property, plant and equipment Tangible assets that are held by an entity for use in the production or supply of goods and services, for rental to others, or for administrative purposes and that are expected to provide economic benefit for more than one year; net of accumulated depreciation. Examples include land, buildings, and production equipment. Unilever N.V.'s property, plant and equipment increased from 2011 to 2012 and from 2012 to 2013.
Non-current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. Unilever N.V.'s non-current assets increased from 2011 to 2012 and from 2012 to 2013.
Inventories Carrying amount (lower of cost or market) as of the balance sheet date of inventories less all valuation and other allowances. Excludes noncurrent inventory balances (expected to remain on hand past one year or one operating cycle, if longer). Unilever N.V.'s inventories declined from 2011 to 2012 and from 2012 to 2013.
Trade receivables Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Unilever N.V.'s trade receivables declined from 2011 to 2012 but then increased from 2012 to 2013 exceeding 2011 level.
Cash and cash equivalents Includes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the Entity may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months. Compensating balance arrangements that do not legally restrict the withdrawal or usage of cash amounts may be reported as Cash and Cash Equivalents, while legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits should not be reported as cash and cash equivalents. Unilever N.V.'s cash and cash equivalents declined from 2011 to 2012 and from 2012 to 2013.
Other financial assets Investments which are intended to be sold in the short term (usually less than one year or the normal operating cycle, whichever is longer) including trading securities, available-for-sale securities, held-to-maturity securities, and other short-term investments not otherwise listed. Unilever N.V.'s other financial assets declined from 2011 to 2012 but then slightly increased from 2012 to 2013.
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Unilever N.V.'s current assets declined from 2011 to 2012 but then slightly increased from 2012 to 2013.
Total assets Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Unilever N.V.'s total assets declined from 2011 to 2012 but then increased from 2012 to 2013 exceeding 2011 level.

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