Unilever 2007 Annual Report Download - page 112

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110 Unilever Annual Report and Accounts 2007
Financial statements continued
Notes to the consolidated accounts Unilever Group
23 Other reserves
€ million € million € million € million € million € million € million € million € million
NV NV NV PLC PLC PLC Total Total Total
2007 2006 2005 2007 2006 2005 2007 2006 2005
Fair value reserves 92 9 (3) 97 (2) 101 16 (5)
Cash flow hedges 86 4(3)(1) (3) (2) 85 1(5)
Available-for-sale financial assets 65–10 10 – 16 15 –
Currency retranslation of group companies 104 318 548 (204) (19) 35 (100) 299 583
Adjustment on translation of PLC’s ordinary
capital at 31⁄9p = €0.16 –––(155) (150) (164) (155) (150) (164)
Capital redemption reserve 16 16 – 16 16 16 32 32 16
Book value treasury stock (2 741) (1 623) (2 010) (549) (717) (748) (3 290) (2 340) (2 758)
(2 529) (1 280) (1 465) (883) (863) (863) (3 412) (2 143) (2 328)
€ million € million
Cash flow hedges – movements during the year 2007 2006
1 January 1(5)
Additions 74 12
Transfers to income statement: 1(4)
Operating profit 1(2)
Financing –(2)
Transfers to inventories/non-current assets 9(2)
31 December 85 1
Unilever acquired 68 891 470 ordinary shares of NV and 2 461 202 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 2007 is
122 296 247 (2006: 70 319 259) NV shares and 49 529 738 (2006: 64 656 456) PLC shares. Of these, 40 958 255 NV shares and 37 973 522
PLC shares were held in connection with share-based compensation plans (see note 29 on pages 117 to 119).
€ million € million
Treasury stock – movements during the year 2007 2006
1 January (2 340) (2 758)
Purchases and other utilisations (950) 418
31 December (3 290) (2 340)
€ million € million
Currency retranslation reserve – movements during the year 2007 2006
1 January 299 583
Currency retranslation during the year 294 495
Movement in net investment hedges (692) (779)
Recycled to income statement (1) –
31 December (100) 299