Unilever 2015 Annual Report Download - page 112

4C. SHARE-BASED COMPENSATION PLANS ONTINUED
2015 2014 2013
Share award value nformaton
Far value per share award durng the year 3317 2780 2891
ADDITIONAL INFORMATION
At 31 December 2015, shares and optons n NV or PL totallng 17,363,014 (2014 19,428,560) were held n respect of share-based
compensaton plans of NV, PL and ts subsdares, ncludng North Amercan plans
To satsfy the optons granted, certan NV group companes hold 17,772,147 (2014 18,822,613) ordnary shares of NV or PL, and trusts
n Jersey and the Unted Kngdom hold no (2014 1,053,470) NV or PL shares Shares acqured durng 2015 represent 018% of the
roup’s called up share captal The balance of shares held n connecton wth share plans at 31 December 2015 represented 06%
(201407%) of the roup’s called up share captal
The book value of 639 mllon (2014 647 mllon) of all shares held n respect of share-based compensaton plans for both NV and PL
s elmnated on consoldaton by deducton from other reserves Ther market value at 31 December 2015 was 710mllon
(2014656mllon)
At 31 December 2015, the exercse prce of nl PL optons (NV nl) were above the market prce of the shares At 31 December 2014,
the exercse prce of 167,479 PL optons (NV nl) were above the market prce of the shares
Shares held to satsfy optons and related trusts are accounted for n accordance wth IAS 32 ‘Fnancal Instruments Presentaton’
andSI 12 ‘onsoldaton of Specal Purpose Enttes’ All dfferences between the purchase prce of the shares held to satsfy optons
granted and the proceeds receved for the shares, whether on exercse or lapse, are charged to reserves The bass of the charge to
operatng proft for the economc value of optons granted s dscussed on page 104
Between 31 December 2015 and 15 February 2016 (the latest practcable date for ncluson n ths report), 4,287,756 shares were granted,
no shares were vested and 190,719 shares were forfeted related to the Performance SharePlans
5 NET FINANE OSTS
Net fnance costs are comprsed of fnance costs and fnance ncome, ncludng net fnance costs n relaton to pensons and
smlaroblgatons
Fnance ncome ncludes ncome on cash and cash equvalents and ncome on other fnancal assets Fnance costs nclude nterest
costs n relaton to fnancal labltes
Borrowng costs are recognsed based on the effectve nterest method
Net fnance costs Notes
 mllon
2015
 mllon
2014
 mllon
2013
Fnance costs (516) (500) (500)
Bank loans and overdrafts (56) (57) (36)
Interest on bonds and other loans(a) (492) (425) (457)
Dvdends pad on preference shares (4) (4) (4)
Net gan/(loss) on transactons for whch hedge accountng s not appled(b) 36 (14) (3)
On foregn exchange dervatves (218) (655) 368
Exchange dfference on underlyng tems 254 641 (371)
Fnance ncome 144 117 103
Pensons and smlar oblgatons 4B (121) (94) (133)
(493) (477) (530)
(a) ‘Interest on bonds and other loans’ ncludes the mpact of nterest rate dervatves that are part of a far value hedge accountng relatonshp and the
recyclng of results from the cash flow hedge accountng reserve relatng to dervatves that were part of a cash flow hedge accountng relaton
(b) For further detals of dervatves for whch hedge accountng s not appled, please refer to note 16
105Unilever Annual Report and Accounts 2015 Financial statements