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17 INVESTMENT AND RETURN ONTINUED
(I) HELDTOMATURITY INVESTMENTS
These are assets wth set cash flows and fxed maturtes whch Unlever ntends to hold to maturty They are held at cost plus
nterest usng the effectve nterest method, less any mparment
(II) LOANS AND REEIVABLES
These are assets wth an establshed payment profle and whch are not lsted on a recognsed stock exchange They are ntally
recognsed at far value, whch s usually the orgnal nvoce amount plus any drectly related transacton costs Afterwards, loans
and recevables are carred at amortsed cost, less any mparment
(III) AVAILABLEFORSALE FINANIAL ASSETS
Any fnancal assets not classfed as ether loans and recevables or fnancal assets at far value through proft or loss are
desgnated as avalable-for-sale They are ntally recognsed at far value, usually the orgnal nvoce amount plus any drectly
related transacton costs Afterwards, they are measured at far value wth changes beng recognsed n equty When the
nvestment s sold or mpared, the accumulated gans and losses are moved from equty to the ncome statement Interest and
dvdends from these assets are recognsed n the ncome statement
(IV) FINANIAL ASSETS AT FAIR VALUE THROUH PROFIT OR LOSS
These are dervatves and assets that are held for tradng Related transacton costs are expensed as ncurred Unless they
form part of a hedgng relatonshp, these assets are held at far value, wth changes beng recognsed n the ncome statement
IMPAIRMENT OF FINANIAL ASSETS
Each year, the roup assesses whether there s evdence that fnancal assets are mpared A sgnfcant or prolonged fall n value
below the cost of an asset generally ndcates that an asset may be mpared If mpared, fnancal assets are wrtten down to ther
estmated recoverable amount Imparment losses on assets classfed as loans and recevables are recognsed n proft and loss
When a later event causes the mparment losses to decrease, the reducton n mparment loss s also recognsed n proft and loss
Imparment losses on assets classfed as avalable-for-sale are recognsed by movng the loss accumulated n equty to the ncome
statement Any subsequent recovery n value of an avalable-for-sale debt securty s recognsed wthn proft and loss However,
any subsequent recovery n value of an equty securty s recognsed wthn equty, and s recorded at amortsed cost
17A. FINANCIAL ASSETS
The roup’s treasury functon ams to protect the roup’s fnancal nvestments, whle maxmsng returns The roup’s cash resources
and other fnancal assets are shown below
Fnancal assets(a)
 mllon
urrent
2014
 mllon
Non-
current
2014
 mllon
Total
2014
 mllon
urrent
2013
 mllon
Non-
current
2013
 mllon
Total
2013
ash and cash equvalents
ash at bank and n hand 1,390 – 1,390 834 –834
Short-term deposts wth maturty of less than three months 540 – 540 1,360 –1,360
Other cash equvalents 221 – 221 91 –91
2,151 – 2,151 2,285 –2,285
Other fnancal assets
Held-to-maturty nvestments 17 72 89 72 3 75
Loans and recevables(b) 180 28 208 100 4104
Avalable-for-sale fnancal assets(c) 157 514 671 274 486 760
Fnancal assets at far value through proft or loss
Dervatves 296 – 296 294 –294
Other 21 101 122 20 12 32
671 715 1,386 760 505 1,265
Total 2,822 715 3,537 3,045 505 3,550
(a) For the purposes of notes 15 and 17A, fnancal assets and labltes exclude trade and other current recevables and trade payables and other labltes
whch are covered n notes 13 and 14 respectvely
(b) urrent loans and recevables nclude short-term deposts wth banks wth maturtes of longer than three months
(c) urrent avalable-for-sale fnancal assets nclude government securtes and A- or hgher rated money and captal market nstruments Non-current
avalable-for-sale fnancal assets predomnantly consst of nvestments n a number of companes and fnancal nsttutons n Europe, Inda and the US,
ncludng 86 mllon (2013 84 mllon) of assets n a trust to fund beneft oblgatons n the US (see also note 4B on page 97)
120 Unilever Annual Report and Accounts 2014Financial statements
NOTES TO THE ONSOLIDATED FINANIAL STATEMENTS
UNILEVER ROUP ONTINUED