Unilever 2009 Annual Report Download - page 123

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23 Other reserves (continued)
€ million € million
Treasury stock – movements during the year 2009 2008
1 January (4,576) (3,290)
Purchases and other utilisations 226 (1,286)
31 December (4,350) (4,576)
€ million € million
Currency retranslation reserve – movements during the year 2009 2008
1 January (1,693) (100)
Currency retranslation during the year 292 (1,027)
Movement in net investment hedges (58) (560)
Recycled to income statement –(6)
31 December (1,459) (1,693)
24 Retained profit(a)
€ million € million € million € million € million € million € million € million € million
NV NV NV PLC PLC PLC Total Total Total
Movements during the year 2009 2008 2007 2009 2008 2007 2009 2008 2007
1 January 15,343 10,403 8,404 469 4,759 4,320 15,812 15,162 12,724
Recognised income and expense through
retained profit 2,583 1,742 2,599 955 950 1,829 3,538 2,692 4,428
Dividends on ordinary capital (1,203) (1,176) (1,167) (912) (876) (903) (2,115) (2,052) (2,070)
Utilisation of treasury stock (33) (66) (53) (62) (47) (46) (95) (113) (99)
Share-based compensation credit(b) 115 79 90 80 46 50 195 125 140
Adjustment arising from change in structure
of group companies(c) (363) 4,346 499 363 (4,346) (499) –––
Other movements in retained profit 16 15 31 (1) (17) 8 15 (2) 39
31 December 16,458 15,343 10,403 892 469 4,759 17,350 15,812 15,162
Of which retained by:
Parent companies 10,657 10,602 10,009 2,373 1,996 2,344 13,030 12,598 12,353
Other group companies 5,730 4,732 345 (1,267) (1,348) 2,555 4,463 3,384 2,900
Joint ventures and associates 71 949(214) (179) (140) (143) (170) (91)
16,458 15,343 10,403 892 469 4,759 17,350 15,812 15,162
(a) The movements in retained profit 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.
(b) The share-based compensation credit relates to the reversal of the non-cash charge recorded against operating profit in respect of the fair
value of share options and awards granted to employees.
(c) As part of the review of Unilever's corporate structure, and in the light of the constitutional and operational arrangements which enable
Unilever N.V. and Unilever PLC to operate as nearly as practicable as a single company, the Directors have been authorised to take any action
necessary or desirable in order to ensure that the ratio of the dividend generating capacity of PLC to that of NV does not differ substantially
from the ratio of the dividend entitlement of ordinary shareholders in PLC to that of ordinary shareholders in NV. In 2008 shareholdings in
the Unilever companies in Belgium, Austria, Netherlands, Poland and Switzerland were transferred to 100% NV ownership. In addition,
shareholdings in Canada and Indonesia were re-aligned between NV and PLC. In 2007 and 2009 there were no significant changes in group
structure.
Cumulative goodwill written off directly to reserves prior to the transition to IFRS on 1 January 2004 was €5,199 million for NV and
€2,063 million for PLC.
Notes to the consolidated financial statements Unilever Group
120 Unilever Annual Report and Accounts 2009
Financial statements