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4 SHAREBASED OMPENSATION PLANS CONTINUED
2014 2013 2012
Share award value nformaton
Fair value per share award during the year 2780 €28.91 €25.02
ADDITIONAL INFORMATION
At 31 December 2014, shares and options in NV or PLC totalling 19,428,560 (2013: 23,326,247) were held in respect of share-based
compensation plans of NV, PLC and its subsidiaries, including North American plans.
To satisfy the options granted, certain NV group companies hold 18,822,613 (2013: 16,615,696) ordinary shares of NV or PLC, and trusts
in Jersey and the United Kingdom hold 1,053,470 (2013: nil) NV or PLC shares. Shares acquired during 2014 represent 0.442% of the
Group’s called up share capital. The balance of shares held in connection with share plans at 31 December 2014 represented 0.7%
(2013:0.5%) of the Group’s called up share capital.
The book value of €647 million (2013: €507 million) of all shares held in respect of share-based compensation plans for both NV and
PLC is eliminated on consolidation by deduction from other reserves. Their market value at 31 December 2014 was €656million
(2013:€489million).
At 31 December 2014, the exercise price of 167,479 PLC options (NV: nil) were above the market price of the shares. At 31 December
2013, the exercise price of 192,447 PLC options (NV: nil) were above the market price of the shares.
Shares held to satisfy options and related trusts are accounted for in accordance with IAS 32 ‘Financial Instruments: Presentation’
andSIC 12 ‘Consolidation of Special Purpose Entities’. All differences between the purchase price of the shares held to satisfy options
granted and the proceeds received for the shares, whether on exercise or lapse, are charged to reserves. The basis of the charge to
operating profit for the economic value of options granted is discussed on page 98.
Between 31 December 2014 and 25 February 2015 (the latest practicable date for inclusion in this report), 4,343,415 shares were
granted and 7,840,032 shares were vested or forfeited related to the Performance SharePlans.
5 NET FINANE OSTS
Net finance costs are comprised of finance costs and finance income, including net finance costs in relation to pensions and
similarobligations.
Finance income includes income on cash and cash equivalents and income on other financial assets. Finance costs include interest
costs in relation to financial liabilities.
Borrowing costs are recognised based on the effective interest method.
Net fnance costs Notes
 mllon
2014
€ million
2013
€ million
2012
Finance costs (500) (500) (526)
Bank loans and overdrafts (57) (36) (69)
Interest on bonds and other loans(a) (425) (457) (451)
Dividends paid on preference shares (4) (4) (4)
Net gain/(loss) on derivatives for which hedge accounting is not applied(b) (14) (3) (2)
On foreign exchange derivatives (655) 368 (19)
Exchange difference on underlying items 641 (371) 17
Finance income 117 103 136
Pensions and similar obligations 4B (94) (133) (145)
(477) (530) (535)
(a) ‘Interest on bonds and other loans’ include the impact of interest rate derivatives that are part of a fair value hedge accounting relationship and the recycling
of results from the cash flow hedge accounting reserve relating to derivatives that were part of a cash flow hedge accounting relation.
(b) For further details of derivatives for which hedge accounting is not applied, please refer to note 16C on page 119.
99Unilever Annual Report and Accounts 2014 Financial statements