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110 Unilever Annual Report and Accounts 2006
Financial Statements (continued)
23 Other reserves
€million €million € million €million €million € million €million €million € million
NV NVNVPLC PLC PLC Total Total Total
2006 2005 2004 2006 2005 2004 2006 2005 2004
Fair value reserves 9(3) n/a 7(2) n/a 16 (5) n/a
Cash flow hedges 4(3) n/a (3) (2) n/a 1(5) n/a
Available-for-sale financial assets 5– n/a 10 – n/a 15 – n/a
Currency retranslation of group companies 318 548 160 (19) 35 58 299 583 218
Adjustment on translation of PLC’s ordinary
capital at 31⁄9p= €0.16 –––(150) (164) (164) (150) (164) (164)
Capital redemption reserve 16 ––16 16 16 32 16 16
Book value treasury stock (1 623) (2 010) (2 065) (717) (748) (560) (2 340) (2 758) (2 625)
(1 280) (1 465) (1 905) (863) (863) (650) (2 143) (2 328) (2 555)
€million €million
Cash flow hedges – movements during the year 2006 2005
1January (5) (19)
Additions 12 9
Transfers to income statement (4) 1
Transfers to inventories/non-current assets (2) 4
31 December 1(5)
Unilever acquired 3 010 666 ordinary shares of NV and 3 010 465 ordinary shares of PLC through purchases on the stock exchanges during
the year. These shares are held as treasury stock as a separate component of other reserves. The total number held at 31 December 2006 is
70 319 259 (2005: 74 179 011) NV shares and 64 656 456 (2005: 71 332 301) PLC shares. Of these, 55 514 379 NV shares and 53 100 244
PLC shares were held in connection with share-based compensation plans (see note 29 on pages 117 to 121).
€million €million
Treasury stock – movements during the year 2006 2005
1January (2 758) (2 625)
Utilised for preference shares conversion at average book value –1129
Purchases and other utilisations 418 (1 262)
31 December (2 340) (2 758)
€million €million
Currency retranslation reserve – movements during the year 2006 2005
1January 583 218
Currency retranslation during the year 495 92
Movement in net investment hedges (779) 332
Recycled to income statement –(59)
31 December 299 583
Notes to the consolidated accounts Unilever Group