Unilever 2011 Annual Report Download - page 104

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101
18. Equity continued
Other reserves
€ million
Total
2011
€ million
Total
2010
€ million
Total
2009
Fair value reserves (94) 74 42
Cash flow hedges (100) 48 7
Available-for-sale financial assets 626 35
Currency retranslation of group companies (1,594) (1,026) (1,459)
Adjustment on translation of PLC’s ordinary capital at 31/9p = €0.16 (164) (164) (165)
Capital redemption reserve 32 32 32
Book value of treasury stock (4,184) (4,322) (4,350)
(6,004) (5,406) (5,900)
Unilever acquired 4,556,762 NV ordinary shares through purchases on the stock exchanges during the year. These shares are held as
treasury stock as a separate component of other reserves. No PLC ordinary shares were purchased during the year. The total number
held at 31 December 2011 was 165,437,018 (2010: 170,380,550) NV shares and 39,082,242 (2010: 44,748,743) PLC shares. Of these,
23,876,389 NV shares and 12,385,248 PLC shares were held in connection with share-based compensation plans (see note 4C on pages
79 and 80).
Treasury stock – movements during the year
€ million
2011
€ million
2010
1 January (4,322) (4,350)
Purchases and other utilisations 138 28
31 December (4,184) (4,322)
Currency retranslation reserve – movements during the year
€ million
2011
€ million
2010
1 January (1,026) (1,459)
Currency retranslation during the year (552) 314
Movement in net investment hedges 45 118
Recycled to income statement (61) 1
31 December (1,594) (1,026)
19. Share capital
Ordinary shares
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of ordinary shares are recognised as a
deduction from equity, net of any tax effects.
Internal holdings
The ordinary shares numbered 1 to 2,400 (inclusive) in NV (‘Special Shares’) and deferred stock of PLC are held as to one half of
each class by N.V. Elma – a subsidiary of NV – and one half by United Holdings Limited – a subsidiary of PLC. This capital is
eliminated on consolidation.
For information on the rights related to the aforementioned ordinary shares, see Corporate governance on page 38.
Thesubsidiaries mentioned above have waived their rights to dividends on their ordinary shares in NV.
Share-based compensation
The Group operates a number of share-based compensation plans involving options and awards of ordinary shares of NV and PLC.
Full details of these plans are given in note 4C on pages 79 and 80.
Called up share capital
€ million
2011
€ million
2010
Ordinary share capital of NV 274 274
Ordinary share capital of PLC 210 210
484 484
Unilever Annual Report and Accounts 2011
Financial statements