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15B. EQUITY
BASIS OF ONSOLIDATION
Unlever s the majority shareholder of all material subsidiaries and has control in all cases. Information in relation to all of the roup’s
sgnfcant nvestments s provded on page 129 to 130
SUBSIDIARIES WITH SINIFIANT NONONTROLLIN INTERESTS
Unlever has one subsdary company whch has a materal non-controllng nterest, Hndustan Unlever Lmted (HUL) Summary
fnancal nformaton n relaton to HUL s shown below
HUL Balance sheet as at 31 December
 mllon
2014
 mllon
2013
Non-current assets 636 432
urrent assets 1,093 1,002
urrent labltes (911) (797)
Non-current labltes (77) (101)
HUL omprehensve ncome for the year ended 31 December
Turnover 3,529 3,341
Proft after tax 445 429
Total comprehensve ncome 519 384
HUL ash flow for the year ended 31 December
Net ncrease /(decrease) n cash and cash equvalents 66 (106)
HUL Non-controllng nterest
1 January (221) (291)
Share of (proft)/loss for the year ended 31 December (145) (172)
Other comprehensve ncome 1 (3)
Dvdends pad to the non-controllng nterest 130 92
Other changes n equty – 108
urrency retranslaton (23) 45
31 December (258) (221)
UNILEVER’S INREASED INTEREST IN HINDUSTAN UNILEVER LIMITED
On 18 July 2013, the roup acqured 1478% of Hndustan Unlever Lmted for a consderaton of INR 192 bllon (2,515 mllon),
ncreasng the roup’s nterest n Hndustan Unlever Lmted from 5248% to 6726% Accordngly 104 mllon prevously shown as
attrbutable to non-controllng nterests wthn equty became attrbutable to shareholders and the resultng loss on the acquston
recorded n retaned earnngs was 2,411 mllon
ANALYSIS OF RESERVES FOR THE ROUP
Other reserves as at 31 December
 mllon
Total
2014
 mllon
Total
2013
 mllon
Total
2012
Far value reserves (198) (113) (219)
ash flow hedges (234) (162) (241)
Avalable-for-sale fnancal assets 36 49 22
urrency retranslaton of group companes (2,901) (2,611) (1,843)
Adjustment on translation of PL’s ordnary captal at 31/9p = 016 (164) (164) (164)
aptal redempton reserve 32 32 32
Book value of treasury stock (4,125) (3,890) (4,002)
Other(a) (182) – –
(7,538) (6,746) (6,196)
(a) Relates to opton on purchase of subsdary for non-controllng nterest
Unlever acqured 7,304,993 (2013 34,077) NV ordnary shares and 6,058,733 (2013 330,000) PL shares through purchases on the
stock exchanges durng the year These shares are held as treasury stock as a separate component of other reserves The total number
held at 31December 2014 was 153,928,997 (2013: 153,027,466) NV shares and 34,204,709 (2013: 31,845,853) PLC shares. Of these,
12,368,368 NV shares and 7,507,715 PLC shares were held in connection with share-based compensation plans (see note 4C on pages
98 and 99).
111Unilever Annual Report and Accounts 2014 Financial statements