Unilever 2012 Annual Report Download - page 131

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128 Unilever Annual Report and Accounts 2012Financial statements
NOTES TO THE ONSOLIDATED FINANIAL STATEMENTS UNILEVER ROUP continued
22 Assets and labltes held for sale22 Assets and labltes held for sale
Non-current assets and groups of assets and liabilities which comprise disposal groups are classified as ‘held for sale’ when all of
the following criteria are met: a decision has been made to sell; the assets are available for sale immediately; the assets are being
actively marketed; and a sale has been agreed or is expected to be concluded within 12 months of the balance sheet date.
Immediately prior to classification as held for sale, the assets or groups of assets are remeasured in accordance with the Group’s
accounting policies. Subsequently, assets and disposal groups classified as held for sale are valued at the lower of book value or fair
value less disposal costs. Assets held for sale are not depreciated.
 mllon
2012
€ million
2011
roups held for sale
Goodwill and intangibles 114 9
Property, plant and equipment 28 –
Inventories 26 –
Trade and other receivables 11 –
179 9
Non-current assets held for sale
Property, plant and equipment 13 12
Labltes held for sale
Liabilities associated with assets held for sale 1–
23 Related party transactons23 Related party transactons
A related party is a person or entity that is related to the Group. These include both people and entities that have, or are subject
to, the influence or control of the Group.
The following related party balances existed with associate or joint venture businesses at 31 December:
Related party balances
 mllon
2012
€ million
2011
Trading and other balances due from joint ventures 116 243
Trading and other balances due from/(to) associates ––
Jont ventures
Sales by Unilever group companies to Unilever Jerónimo Martins and Pepsi Lipton International were €78 million and €13 million
in 2012 (2011: €100 million and €11 million) respectively. Sales from Unilever Jerónimo Martins to Unilever group companies were
€49 million in 2012 (2011: €45 million). Balances owed by/(to) Unilever Jerónimo Martins andPepsi Lipton International at 31 December
2012 were €116 million and €0.4 million (2011: €244 million and €0.7million) respectively.
Assocates
Langholm Capital Partners invests in private European companies with above-average longer-term growth prospects. Since the
Langholm I Fund was launched in 2002, Unilever has invested €84 million in Langholm I, with an outstanding commitment at the end
of 2012 of €1 million (2011: €2 million). Unileverhas received back a total of €130 million in cash from its investment in Langholm I.
Langholm Capital Partners II was launched in 2009. Unilever has invested €31 million in Langholm II, with an outstanding commitment
at the end of 2012 of €44 million (2011: €50 million).