Unilever 2008 Annual Report Download - page 126

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Notes to the consolidated accounts Unilever Group
Unilever Annual Report and Accounts 2008 123
Financial statements
23 Other reserves(a)
€ million € million € million € million € million € million € million € million € million
NV NV NV PLC PLC PLC Total Total Total
2008 2007 2006 2008 2007 2006 2008 2007 2006
Fair value reserves (41) 92 9 (22) 97(63) 101 16
Cash flow hedges (22) 86 4 (11) (1) (3) (33) 85 1
Available-for-sale financial assets (19) 65(11) 10 10 (30) 16 15
Currency retranslation of group companies (640) 104 318 (1 053) (204) (19) (1 693) (100) 299
Adjustment on translation of PLC’s ordinary
capital at 31/9p = €0.16 –––(169) (155) (150) (169) (155) (150)
Capital redemption reserve 16 16 16 16 16 16 32 32 32
Book value treasury stock (3 886) (2 741) (1 623) (690) (549) (717) (4 576) (3 290) (2 340)
(4 551) (2 529) (1 280) (1 918) (883) (863) (6 469) (3 412) (2 143)
€ million € million
Cash flow hedges – movements during the year 2008 2007
1 January 85 1
Transfers to equity (92) 74
Transfers to income statement: (11) 1
Operating profit (11) 1
Financing ––
Transfers to inventories/non-current assets (15) 9
31 December (33) 85
Unilever acquired 60 249 777 ordinary shares of NV and 15 165 138 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 2008 is
177 223 649 (2007: 122 296 247) NV shares and 58 584 845 (2007: 49 529 738) PLC shares. Of these, 35 663 020 NV shares and 31 887 851
PLC shares were held in connection with share-based compensation plans (see note 29 on pages 133 and 134).
€ million € million
Treasury stock – movements during the year 2008 2007
1 January (3 290) (2 340)
Purchases and other utilisations (1 286) (950)
31 December (4 576) (3 290)
€ million € million
Currency retranslation reserve – movements during the year 2008 2007
1 January (100) 299
Currency retranslation during the year (1 027) 294
Movement in net investment hedges (560) (692)
Recycled to income statement (6) (1)
31 December (1 693) (100)
(a) The movements in other reserves are analysed between the NV and PLC parts of the Group, aggregated according to the relative legal
ownership of individual entities by NV or PLC.