Unilever 2014 Annual Report Download - page 90

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22 ASSETS AND LIABILITIES HELD FOR SALE
Non-current assets and groups of assets and labltes whch comprse dsposal groups are classfed as ‘held for sale’ when all of
the followng crtera are met a decson has been made to sell the assets are avalable for sale mmedately the assets are beng
actvely marketed and a sale has been agreed or s expected to be concluded wthn 12 months of the balance sheet date
Immedately pror to classfcaton as held for sale, the assets or groups of assets are remeasured n accordance wth the roup’s
accountng polces Subsequently, assets and dsposal groups classfed as held for sale are valued at the lower of book value or
far value less dsposal costs Assets held for sale are not deprecated
 mllon
2014
 mllon
2013
roups of assets held for sale
oodwll and ntangbles 12 3
Property, plant and equpment 424
Inventores 11
Trade and other recevables 11
Other 5 3
23 32
Non-current assets held for sale
Property, plant and equpment 24 60
Labltes held for sale
Labltes assocated wth assets held for sale 14
23 RELATED PARTY TRANSATIONS
A related party s a person or entty that s related to the roup These nclude both people and enttes that have, or are subject to,
the influence or control of the roup
The followng related party balances exsted wth assocate or joint venture businesses at 31 December:
Related party balances
 mllon
2014
€ million
2013
Trading and other balances due from joint ventures 105 130
Trading and other balances due from/(to) associates – –
JOINT VENTURES
Sales by Unilever group companies to Unilever Jerónimo Martins and Pepsi Lipton joint ventures were €106 million and €51 million in
2014 (2013: €92 million and €51 million) respectively. Sales from Unilever Jerónimo Martins and from Pepsi Lipton joint ventures to
Unilever group companies were €46 million and €54 million in 2014 (2013: €43 million and €52 million) respectively. Balances owed by/
(to) Unilever Jerónimo Martins andPepsi Lipton joint ventures at 31 December 2014 were €112 million and €(6) million (2013: €117 million
and €(4)million) respectively.
ASSOIATES
Langholm Capital Partners invests in private European companies with above-average longer-term growth prospects. Langholm
Capital II was launched in 2009. Unilever has invested €35 million in Langholm II, with an outstanding commitment at the end of 2014
of €40 million (2013: €42 million).
127Unilever Annual Report and Accounts 2014 Financial statements