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16B. MANAGEMENT OF MARKET RISK ONTINUED
The followng table shows the splt n fxed and floatng rate nterest exposures, takng nto account the mpact of nterest rate swaps
and cross-currency swaps
 mllon
2014
 mllon
2013
ash and cash equvalents 2,151 2,285
urrent other fnancal assets 671 760
urrent fnancal labltes (5,536) (4,010)
Non-current fnancal labltes (7,186) (7,491)
Net debt (9,900) (8,456)
Of whch
Fxed rate (weghted average amount of fxng for the followng year) (7,297) (7,764)
Floatng rate (2,603) (692)
(9,900) (8,456)
16C. DERIVATIVES AND HEDGING
The roup does not use dervatve fnancal nstruments for speculatve purposes The uses of dervatves and the related values
of dervatves are summarsed n the followng table
 mllon
Trade
and other
recevables
 mllon
Other
current
fnancal
assets
 mllon
Trade
payables
and other
labltes
 mllon
urrent
fnancal
labltes
 mllon
Non-
current
fnancal
labltes
 mllon
Total
31 December 2014
Foregn exchange dervatves
Far value hedges 6 – (1) – – 5
ash flow hedges 9 28 (3) – – 34
Hedges of net nvestments n foregn operatons – 356(a) – (23) – 333
Hedge accountng not appled 106 (225)(a) (44) (196) – (359)
ross-currency swaps
Hedge accountng not appled – 137 – (58) (71) 8
Interest rate swaps –
Far value hedges – – – – (2) (2)
ash flow hedges – – (100) – – (100)
Hedge accountng not appled – – – – – –
ommodty contracts
ash flow hedges – – (15) – – (15)
Hedge accountng not appled – – (1) – – (1)
121 296 (164) (277) (73) (97)
Total assets 417 Total labltes (514) (97)
31 December 2013
Foregn exchange dervatves
Far value hedges 2 – (6) – – (4)
ash flow hedges 16 –(15) – – 1
Hedges of net nvestments n foregn operatons –4– (69) –(65)
Hedge accountng not appled 48 116 (32) (98) –34
ross-currency swaps
Hedge accountng not appled –174 –(32) (100) 42
Interest rate swaps
Far value hedges – – – – – –
ash flow hedges – – (41) – – (41)
Hedge accountng not appled – – – – – –
ommodty contracts
ash flow hedges 16 –(2) – – 14
Hedge accountng not appled – – – – – –
82 294 (96) (199) (100) (19)
Total assets 376 Total labltes (395) (19)
(a) Swaps that hedge the currency rsk on ntra-group loans and offset 356 mllon wthn ‘Hedges of net nvestments n foregn operatons’ are ncluded wthn
‘Hedge Accountng not appled’
118 Unilever Annual Report and Accounts 2014Financial statements
NOTES TO THE ONSOLIDATED FINANIAL STATEMENTS
UNILEVER ROUP ONTINUED