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Dividends on Ordinary Capital | 12 Months Ended
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Dec. 31, 2017
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Dividends on Ordinary Capital | 8. DIVIDENDS ON ORDINARY CAPITAL Dividends are recognised on the date that the shareholder’s right to receive payment is established. This is generally the date when the dividend is declared.
|  | € million |  |  | € million |  |  | € million |
Dividends on ordinary capital during the year |  | 2017 |  |  | 2016 |  |  | 2015 |
NV dividends |  |  | (2,154 | ) |  |  | (1,974 | ) |  |  | (1,862 | )
PLC dividends |  |  | (1,762 | ) |  |  | (1,626 | ) |  |  | (1,542 | )
|  |  | (3,916 | ) |  |  | (3,600 | ) |  |  | (3,404 | )
Four quarterly interim dividends were declared and paid during 2017 totalling €1.40 (2016: €1.26) per NV ordinary share and £1.22 (2016: £1.04) per PLC ordinary share. Quarterly dividends of €0.36 per NV ordinary share and £0.32 per PLC ordinary share were declared on 1 February 2018, to be paid in March 2018. See note 27 ‘Events after the balance sheet date’ on page 137. Total dividends declared in relation to 2017 were €1.43 (2016: €1.28) per NV ordinary share and £1.26 (2016: £1.09) per PLC ordinary share.

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- Definition The disclosure of dividends. Dividends are distributions of profits to holders of equity investments in proportion to their holdings of a particular class of capital. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2016-01-13 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=1&date=2016-03-30&anchor=para_10_e&doctype=Standard -URIDate 2016-03-31 + Details
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