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17 INVESTMENT AND RETURN ONTINUED
(I) HELDTOMATURITY INVESTMENTS
These are assets wth set cash flows and fxed maturt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 profle 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 carred at amortsed cost, less any mparment
(III) AVAILABLEFORSALE FINANIAL ASSETS
Any fnancal assets not classfed as ether loans and recevables or fnancal assets at far value through proft 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 wth 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vdends 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, wth 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 fnanc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 proft 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 movng 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 wthn proft and loss However,
any subsequent recovery n value of an equty securty s recognsed wth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 maxmsng returns The far value of fnancal
assets s the same as the carryng amount for 2015 and 2014 The roup’s cash resources and other fnancal assets are shown below
Fnancal assets(a)
 mllon
urrent
2015
 mllon
Non-
current
2015
 mllon
Total
2015
 mllon
urrent
2014
 mllon
Non-
current
2014
 mllon
Total
2014
ash and cash equvalents
ash at bank and n hand 1,547 –1,547 1,390 – 1,390
Short-term deposts wth maturty of less than three months 655 –655 540 – 540
Other cash equvalents 100 –100 221 – 221
2,302 –2,302 2,151 – 2,151
Other fnancal assets
Held-to-maturty nvestments 38 106 144 17 72 89
Loans and recevables(b) 269 34 303 180 28 208
Avalable-for-sale fnancal assets(c) 179 462 641 157 514 671
Fnancal assets at far value through proft or loss
Dervatves 230 –230 296 – 296
Other 120 3123 21 101 122
836 605 1,441 671 715 1,386
Total 3,138 605 3,743 2,822 715 3,537
(a) For the purposes of notes 15 and 17A, fnancal assets and labltes exclude trade and other current recevables and trade payables and other lablt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 consst 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 (2014 86 mllon) of assets n a trust to fund beneft oblgatons n the US (see also note 4B)
126 Unilever Annual Report and Accounts 2015Financial statements
NOTES TO THE ONSOLIDATED FINANIAL STATEMENTS
UNILEVER ROUP ONTINUED