Unilever 2013 Annual Report Download - page 120

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15B. EQUITY
BASIS OF ONSOLIDATION
Unilever is the majority shareholder of all material subsidiaries and has control in all cases. Information in relation to all of the group’s
significant investments is provided on page 134 to 135.
SUBSIDIARIES WITH SINIFIANT NONONTROLLIN INTERESTS
Unilever has one subsidiary company which has a material non-controlling interest, Hindustan Unilever Limited (HUL). Summary
financial information in relation to HUL is shown below.
HUL Balance sheet as at 31 December 2013
 mllon
2013
Non-current assets 432
Current assets 1,002
Current liabilities (797)
Non-current liabilities (101)
HUL omprehensve ncome for the year ended 31 December 2013
Turnover 3,341
Profit after tax 429
Total comprehensive income 384
HUL ash flow for the year ended 31 December 2013
Net increase /(decrease) in cash and cash equivalents (106)
HUL Non-controllng nterest
1 January 2013 (291)
Share of (profit)/loss for the year ended 31 December 2013 (172)
Other comprehensive income (3)
Dividends paid to the non-controlling interest 92
Other changes in equity 108
Currency retranslation 45
31 December 2013 (221)
UNILEVER’S INREASED INTEREST IN HINDUSTAN UNILEVER LIMITED
On 18 July 2013, the Group acquired 14.78% of Hindustan Unilever Limited for a consideration of INR 192 billion (€2,515 million),
increasing the Group’s interest in Hindustan Unilever Limited from 52.48% to 67.26%. Accordingly €104 million previously shown as
attributable to non-controlling interests within equity is now attributable to shareholders and the resulting loss on the acquisition
recorded in retained earnings is €2,411 million.
ANALYSIS OF RESERVES FOR THE ROUP
Other reserves as at 31 December
 mllon
Total
2013
€ million
Total
2012
€ million
Total
2011
Fair value reserves (113) (219) (94)
Cash flow hedges (162) (241) (100)
Available-for-sale financial assets 49 22 6
Currency retranslation of group companies (2,611) (1,843) (1,594)
Adjustment on translation of PLC’s ordinary capital at 31/9p = €0.16 (164) (164) (164)
Capital redemption reserve 32 32 32
Book value of treasury stock (3,890) (4,002) (4,184)
(6,746) (6,196) (6,004)
Unilever acquired 364,077 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 2013 was 153,027,466 (2012: 158,350,450) NV shares and 31,845,853 (2012: 34,743,347) PLC shares. Of these, 11,466,837
NV shares and 5,148,859 PLC shares were held in connection with share-based compensation plans (see note 4C on pages 104 and 105).
117Unlever Annual Report and Accounts 2013 Fnancal statements