Notes to the consolidated accounts

23 Other reserves

	€ million NV 2007	€ million NV 2006	€ million NV 2005	€ million PLC 2007	€ million PLC 2006	€ million PLC 2005	€ million Total 2007	€ million Total 2006	€ million Total 2005
Fair value reserves	92	9	(3)	9	7	(2)	101	16	(5)
Cash flow hedges	86	4	(3)	(1)	(3)	(2)	85	1	(5)
Available-for-sale financial assets	6	5	–	10	10	–	16	15	–
Currency retranslation of group companies	104	318	548	(204)	(19)	35	(100)	299	583
Adjustment on translation of PLC's
ordinary capital at 31/9p = €0.16	–	–	–	(155)	(150)	(164)	(155)	(150)	(164)
Capital redemption reserve	16	16	–	16	16	16	32	32	16
Book value treasury stock	(2 741)	(1 623)	(2 010)	(549)	(717)	(748)	(3 290)	(2 340)	(2 758)
	(2 529)	(1 280)	(1 465)	(883)	(863)	(863)	(3 412)	(2 143)	(2 328)

Cash flow hedges – movements during the year	€ million 2007	€ million 2006
1 January	1	(5)
Additions	74	12
Transfers to income statement:	1	(4)
Operating profit	1	(2)
Financing	–	(2)
Transfers to inventories/non-current assets	9	(2)
31 December	85	1

Unilever acquired 68 891 470 ordinary shares of NV and 2 461 202 ordinary shares of PLC through purchases on the stock exchanges during the year. These shares are held as treasury stock as a separate component of other reserves. The total number held at 31 December 2007 is 122 296 247 (2006: 70 319 259) NV shares and 49 529 738 (2006: 64 656 456) PLC shares. Of these, 40 958 255 NV shares and 37 973 522 PLC shares were held in connection with share-based compensation plans (see note 29).

	€ million	€ million
Treasury stock – movements during the year	2007	2006
1 January	(2 340)	(2 758)
Purchases and other utilisations	(950)	418
31 December	(3 290)	(2 340)

	€ million	€ million
Currency retranslation reserve – movements during the year	2007	2006
1 January	299	583
Currency retranslation during the year	294	495
Movement in net investment hedges	(692)	(779)
Recycled to income statement	(1)	–
31 December	(100)	299