Unilever 2014 Annual Report Download - page 89

21 AQUISITIONS AND DISPOSALS ONTINUED
On 30 June 2014 the roup completed the sale of ts global Ragu and Bertoll pasta sauce busness to Mzkan roup for a total cash
consderaton of approxmately US $215 bllon
On 10 July 2014 the roup sold ts SlmFast brand to Kanos aptal for an undsclosed amount Unlever wll retan a mnorty stake n
the busness
On 2 December 2014 the roup acqured Talent elato & Sorbetto for an undsclosed amount
On 22 December 2014 the roup announced the purchase of the amay brand globally and the Zest brand outsde of North Amerca and
the arbbean from The Procter & amble ompany The transacton, for an undsclosed amount, s expected to close durng the frst
half of 2015 subject to necessary regulatory approvals.
2013
On 3 January 2013 the roup announced that t has sgned a defntve agreement to sell ts global Skppy busness to Hormel Foods
for a total cash consderaton of approxmately US $700 mllon The transacton completed on 31 January 2013, excludng the porton
operated out of hna, whch completed on 26 November 2013
On 8 Aprl 2013 Unlever zech Republc sgned an agreement to acqure the SAVO and other consumer brands from Bocheme
Ths completed on 1 July 2013
On 26 July 2013 Unlever sgned an agreement to sell ts Unpro bakery & ndustral ols busness n Turkey to AAK for an undsclosed
sum Ths completed on 2 September 2013
On 6 September 2013 Unlever announced that t has entered nto a defntve agreement to acqure T2, a premum Australan tea
busness, for an undsclosed amount Ths completed on 3 October 2013
On 1 October 2013 the roup completed the sale of ts Wsh-Bone and Western dressngs brands to Pnnacle Foods Inc for a total cash
consderaton of approxmately US $580 mllon
On 19 November 2013 Unlever sgned an agreement for the sale of ts Soft & Beautful, TB and Pro-Lne omb-Thru brands to
Strength of Nature for an undsclosed amount The sale excludes TB’s busness n Afrca
The table below shows the mpact of all dsposals durng the year on the roup The results of dsposed busnesses are ncluded n the
consoldated fnancal statements up to ther date of dsposal
Dsposals
 mllon
2014
 mllon
2013
 mllon
2012
oodwll and ntangble assets 229 189 29
Other non-current assets 106 43 35
urrent assets 50 59 38
Trade credtors and other payables (5) (8) (2)
Net assets sold 380 283 100
(an)/loss on recyclng of currency retranslaton on dsposal (76) – –
Proft on sale attrbutable to Unlever 1,392 733 117
onsderaton 1,696 1,016 217
ash 1,727 1,030 229
ash balances of busnesses sold (4) – –
Fnancal assets, cash deposts and fnancal labltes of busnesses sold – –(9)
Non-cash tems and deferred consderaton (27) (14) (3)
The followng table sets out the effect of acqustons n 2014, 2013 and 2012 on the consoldated balance sheet The far values currently
establshed for all acqustons made n 2014 are provsonal The goodwll arsng on these transactons has been captalsed and s subject
to an annual review for impairment (or more frequently if necessary) in accordance with our accounting policies as set out in note 9 on
page 103. Any impairment is charged to the income statement as it arises. Detailed information relating to goodwill is given in note 9 on
pages 103 to 105.
Acqustons
 mllon
2014
€ million
2013
€ million
2012
Net assets acquired 240 55 10
oodwll arsng n subsdares 184 62 10
onsderaton 424 117 20
126 Unilever Annual Report and Accounts 2014Financial statements
NOTES TO THE ONSOLIDATED FINANIAL STATEMENTS
UNILEVER ROUP ONTINUED