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Employees (Tables) | 12 Months Ended
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Dec. 31, 2017
Text Block1 [Abstract] |
Summary of Staff Cost, Average Number of Employees and Key Management Compensation | STAFF AND MANAGEMENT COSTS
|  | € million |  |  | € million |  |  | € million |
Staff costs |  | 2017 |  |  | 2016 |  |  | 2015 |
Wages and salaries |  |  | (5,416 | ) |  |  | (5,347 | ) |  |  | (5,474 | )
Social security costs |  |  | (613 | ) |  |  | (606 | ) |  |  | (606 | )
Other pension costs |  |  | (399 | ) |  |  | (372 | ) |  |  | (325 | )
Share-based compensation costs |  |  | (284 | ) |  |  | (198 | ) |  |  | (150 | )
|  |  | (6,712 | ) |  |  | (6,523 | ) |  |  | (6,555 | )
|  | ‘000 |  |  | ‘000 |  |  | ‘000 |
Average number of employees during the year |  | 2017 |  |  | 2016 |  |  | 2015 |
Asia/AMET/RUB |  |  | 93 |  |  |  | 95 |  |  |  | 97 |
The Americas |  |  | 41 |  |  |  | 42 |  |  |  | 42 |
Europe |  |  | 31 |  |  |  | 32 |  |  |  | 32 |
|  |  | 165 |  |  |  | 169 |  |  |  | 171 |
|  | € million |  |  | € million |  |  | € million |
Key management compensation |  | 2017 |  |  | 2016 |  |  | 2015 |
Salaries and short-term employee benefits |  |  | (34 | ) |  |  | (31 | ) |  |  | (34 | )
Post-employment benefits |  |  | - |  |  |  | (1 | ) |  |  | (1 | )
Share-based benefits(a) |  |  | (20 | ) |  |  | (17 | ) |  |  | (30 | )
|  |  | (54 | ) |  |  | (49 | ) |  |  | (65 | )
Of which:Executive Directors |  |  | (14 | ) |  |  | (13 | ) |  |  | (18 | )
Other(b) |  |  | (40 | ) |  |  | (36 | ) |  |  | (47 | )
Non-Executive Directors’ fees |  |  | (2 | ) |  |  | (2 | ) |  |  | (2 | )
|  |  | (56 | ) |  |  | (51 | ) |  |  | (67 | )
(a) | Share-based benefits are shown on a vesting basis.
(b) | Other includes all members of the Unilever Leadership Executive, other than Executive Directors.
Summary of Assumptions, Weighted by Liabilities for Valuation of Defined Benefit Plans | The following table shows the assumptions, weighted by liabilities, used to value defined benefit plans (representing approximately 96% of total pension liabilities) and other post-employment benefits.
|  | 31 December 2017 |  |  | 31 December 2016 |
|  | Defined benefit pension plans |  |  | Other post-employment benefit plans |  |  | Defined benefit pension plans |  |  | Other post-employment benefit plans |
Discount rate |  |  | 2.5% |  |  |  | 4.2% |  |  |  | 2.6% |  |  |  | 4.8% |
Inflation |  |  | 2.5% |  |  |  | n/a |  |  |  | 2.5% |  |  |  | n/a |
Rate of increase in salaries |  |  | 2.8% |  |  |  | 3.0% |  |  |  | 2.9% |  |  |  | 3.0% |
Rate of increase for pensions in payment (where provided) |  |  | 2.4% |  |  |  | n/a |  |  |  | 2.4% |  |  |  | n/a |
Rate of increase for pensions in deferment (where provided) |  |  | 2.6% |  |  |  | n/a |  |  |  | 2.7% |  |  |  | n/a |
Long-term medical cost inflation |  |  | n/a |  |  |  | 5.3% |  |  |  | n/a |  |  |  | 5.3% |
The valuations of other post-employment benefit plans generally assume a higher initial level of medical cost inflation, which falls from 7% to the long-term rate within the next five years. Assumed healthcare cost trend rates have a significant effect on the amounts reported for healthcare plans. For the most important pension plans, representing approximately 68% of all defined benefit plans liabilities, the assumptions used at 31 December 2017 and 2016 were:
|  | United Kingdom |  | Netherlands
|  | 2017 |  | 2016 |  | 2017 |  | 2016
Discount rate |  | 2.5% |  | 2.7% |  | 1.8% |  | 1.8%
Inflation |  | 3.1% |  | 3.2% |  | 1.7% |  | 1.7%
Rate of increase in salaries |  | 3.0% |  | 3.1% |  | 2.2% |  | 2.2%
Rate of increase for pensions in payment (where provided) |  | 3.0% |  | 3.1% |  | 1.7% |  | 1.7%
Rate of increase for pensions in deferment (where provided) |  | 3.0% |  | 3.1% |  | 1.7% |  | 1.7%
Number of years a current pensioner is expected to live beyond age 65: |  |  |  |  |  |  |  |
Men |  | 22.1 |  | 22.5 |  | 22.5 |  | 21.8
Women |  | 24.0 |  | 24.6 |  | 24.3 |  | 24.0
Number of years a future pensioner currently aged 45 is expected to live beyond age 65: |  |  |  |  |  |  |  |
Men |  | 22.6 |  | 23.8 |  | 24.6 |  | 24.1
Women |  | 25.6 |  | 26.5 |  | 26.6 |  | 26.3
Summary of Charge to Operating Profit | The charge to the income statement comprises:
|  |  |  |  |  |  |  | € million |  |  | € million |  |  | € million |
|  | Notes |  |  |  |  |  | 2017 |  |  | 2016 |  |  | 2015 |
Charged to operating profit: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Defined benefit pension and other benefit plans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current service cost |  |  |  |  |  |  |  |  |  |  | (245 | ) |  |  | (226 | ) |  |  | (271 | )
Employee contributions |  |  |  |  |  |  |  |  |  |  | 18 |  |  |  | 17 |  |  |  | 17 |
Special termination benefits |  |  |  |  |  |  |  |  |  |  | (4 | ) |  |  | (6 | ) |  |  | (9 | )
Past service cost including (losses)/gains on curtailments |  |  |  |  |  |  |  |  |  |  | 23 |  |  |  | 32 |  |  |  | 129 |
Settlements |  |  |  |  |  |  |  |  |  |  | 4 |  |  |  | (2 | ) |  |  | 6 |
Defined contribution plans |  |  |  |  |  |  |  |  |  |  | (195 | ) |  |  | (187 | ) |  |  | (197 | )
Total operating cost |  |  | 4A |  |  |  |  |  |  |  | (399 | ) |  |  | (372 | ) |  |  | (325 | )
Finance income/(cost) |  |  | 5 |  |  |  |  |  |  |  | (96 | ) |  |  | (94 | ) |  |  | (121 | )
Net impact on the income statement (before tax) |  |  |  |  |  |  |  |  |  |  | (495 | ) |  |  | (466 | ) |  |  | (446 | )
Summary of Amounts Recognised in Statement of Comprehensive Income on Remeasurement of Net Defined Benefit Liability | Amounts recognised in the statement of comprehensive income on the remeasurement of the net defined benefit liability.
|  | € million |  |  | € million |  |  | € million |
|  | 2017 |  |  | 2016 |  |  | 2015 |
Return on plan assets excluding amounts included in net finance income/(cost) |  |  | 1,475 |  |  |  | 1,877 |  |  |  | (254 | )
Actuarial gains/(losses) arising from changes in demographic assumptions |  |  | 222 |  |  |  | (217 | ) |  |  | (22 | )
Actuarial gains/(losses) arising from changes in financial assumptions |  |  | (210 | ) |  |  | (2,963 | ) |  |  | 1,167 |
Experience gains/(losses) arising on pension plan and other benefit plan liabilities |  |  | 133 |  |  |  | 82 |  |  |  | 233 |
Total of defined benefit costs recognised in other comprehensive income |  |  | 1,620 |  |  |  | (1,221 | ) |  |  | 1,124 |
Summary of Assets, Liabilities and Surplus/ (Deficit) Position of Pension and Other Post-Employment Benefit Plans at Balance Sheet Date | The assets, liabilities and surplus/(deficit) position of the pension and other post-employment benefit plans at the balance sheet date were:
|  | € million 2017 |  |  | € million 2016 |
|  | Pension plans |  |  | Other post- employment benefit plans |  |  | Pension plans |  |  | Other post- employment benefit plans |
Fair value of assets |  |  | 22,361 |  |  |  | 21 |  |  |  | 21,162 |  |  |  | 21 |
Present value of liabilities |  |  | (22,420 | ) |  |  | (523 | ) |  |  | (23,751 | ) |  |  | (605 | )
Net liabilities |  |  | (59 | ) |  |  | (502 | ) |  |  | (2,589 | ) |  |  | (584 | )
Pension liability net of assets |  |  | (59 | ) |  |  | (502 | ) |  |  | (2,589 | ) |  |  | (584 | )
Of which in respect of: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Funded plans in surplus: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Liabilities |  |  | (17,132 | ) |  |  | - |  |  |  | (5,833 | ) |  |  | - |
Assets |  |  | 19,302 |  |  |  | 3 |  |  |  | 6,524 |  |  |  | 3 |
Aggregate surplus |  |  | 2,170 |  |  |  | 3 |  |  |  | 691 |  |  |  | 3 |
Pension asset net of liabilities |  |  | 2,170 |  |  |  | 3 |  |  |  | 691 |  |  |  | 3 |
Funded plans in deficit: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Liabilities |  |  | (4,267 | ) |  |  | (35 | ) |  |  | (16,783 | ) |  |  | (36 | )
Assets |  |  | 3,059 |  |  |  | 18 |  |  |  | 14,638 |  |  |  | 18 |
Pension liability net of assets |  |  | (1,208 | ) |  |  | (17 | ) |  |  | (2,145 | ) |  |  | (18 | )
Unfunded plans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pension liability |  |  | (1,021 | ) |  |  | (488 | ) |  |  | (1,135 | ) |  |  | (569 | )
Summary of Movements in Assets | Movements in assets during the year:
|  | UK |  |  | Netherlands |  |  | Rest of world |  |  | € million 2017 Total |  |  | UK |  |  | Netherlands |  |  | Rest of world |  |  | € million 2016 Total |
1 January |  |  | 9,963 |  |  |  | 5,116 |  |  |  | 6,104 |  |  |  | 21,183 |  |  |  | 9,950 |  |  |  | 4,873 |  |  |  | 5,919 |  |  |  | 20,742 |
Employee contributions |  |  | - |  |  |  | 1 |  |  |  | 17 |  |  |  | 18 |  |  |  | - |  |  |  | - |  |  |  | 17 |  |  |  | 17 |
Settlements |  |  | - |  |  |  | - |  |  |  | (8 | ) |  |  | (8 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Actual return on plan assets (excluding amounts in net finance income/charge) |  |  | 863 |  |  |  | 275 |  |  |  | 337 |  |  |  | 1,475 |  |  |  | 1,412 |  |  |  | 281 |  |  |  | 184 |  |  |  | 1,877 |
Interest income |  |  | 270 |  |  |  | 91 |  |  |  | 179 |  |  |  | 540 |  |  |  | 329 |  |  |  | 120 |  |  |  | 215 |  |  |  | 664 |
Employer contributions |  |  | 778 |  |  |  | 43 |  |  |  | 284 |  |  |  | 1,105 |  |  |  | 202 |  |  |  | 11 |  |  |  | 299 |  |  |  | 512 |
Benefit payments |  |  | (457 | ) |  |  | (169 | ) |  |  | (613 | ) |  |  | (1,239 | ) |  |  | (456 | ) |  |  | (169 | ) |  |  | (701 | ) |  |  | (1,326 | )
Reclassification of benefits(a) |  |  | - |  |  |  | - |  |  |  | (1 | ) |  |  | (1 | ) |  |  | - |  |  |  | - |  |  |  | (2 | ) |  |  | (2 | )
Currency retranslation |  |  | (379 | ) |  |  | - |  |  |  | (312 | ) |  |  | (691 | ) |  |  | (1,474 | ) |  |  | - |  |  |  | 173 |  |  |  | (1,301 | )
31 December |  |  | 11,038 |  |  |  | 5,357 |  |  |  | 5,987 |  |  |  | 22,382 |  |  |  | 9,963 |  |  |  | 5,116 |  |  |  | 6,104 |  |  |  | 21,183 |
(a) | Certain liabilities have been reclassified as employee benefit liabilities.
Summary of Movements in Liabilities | Movements in liabilities during the year:
|  | UK |  |  | Netherlands |  |  | Rest of world |  |  | € million 2017 Total |  |  | UK |  |  | Netherlands |  |  | Rest of world |  |  | € million 2016 Total |
1 January |  |  | (10,981 | ) |  |  | (4,877 | ) |  |  | (8,498 | ) |  |  | (24,356 | ) |  |  | (10,602 | ) |  |  | (4,443 | ) |  |  | (8,017 | ) |  |  | (23,062 | )
Current service cost |  |  | (114 | ) |  |  | (6 | ) |  |  | (125 | ) |  |  | (245 | ) |  |  | (89 | ) |  |  | (3 | ) |  |  | (134 | ) |  |  | (226 | )
Employee contributions |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Special termination benefits |  |  | - |  |  |  | - |  |  |  | (4 | ) |  |  | (4 | ) |  |  | - |  |  |  | - |  |  |  | (6 | ) |  |  | (6 | )
Past service costs including losses/(gains) on curtailments |  |  | 5 |  |  |  | 12 |  |  |  | 6 |  |  |  | 23 |  |  |  | 5 |  |  |  | 4 |  |  |  | 23 |  |  |  | 32 |
Settlements |  |  | - |  |  |  | - |  |  |  | 12 |  |  |  | 12 |  |  |  | - |  |  |  | - |  |  |  | (2 | ) |  |  | (2 | )
Interest cost |  |  | (286 | ) |  |  | (86 | ) |  |  | (264 | ) |  |  | (636 | ) |  |  | (347 | ) |  |  | (109 | ) |  |  | (302 | ) |  |  | (758 | )
Actuarial gain/(loss) arising from changes in demographic assumptions |  |  | 312 |  |  |  | (96 | ) |  |  | 6 |  |  |  | 222 |  |  |  | 23 |  |  |  | (19 | ) |  |  | (221 | ) |  |  | (217 | )
Actuarial gain/(loss) arising from changes in financial assumptions |  |  | (189 | ) |  |  | - |  |  |  | (21 | ) |  |  | (210 | ) |  |  | (1,919 | ) |  |  | (524 | ) |  |  | (520 | ) |  |  | (2,963 | )
Actuarial gain/(loss) arising from experience adjustments |  |  | 144 |  |  |  | (37 | ) |  |  | 26 |  |  |  | 133 |  |  |  | 29 |  |  |  | 46 |  |  |  | 7 |  |  |  | 82 |
Benefit payments |  |  | 457 |  |  |  | 169 |  |  |  | 613 |  |  |  | 1,239 |  |  |  | 456 |  |  |  | 169 |  |  |  | 701 |  |  |  | 1,326 |
Reclassification of benefits(a) |  |  | - |  |  |  | 8 |  |  |  | - |  |  |  | 8 |  |  |  | - |  |  |  | 2 |  |  |  | - |  |  |  | 2 |
Currency retranslation |  |  | 397 |  |  |  | - |  |  |  | 474 |  |  |  | 871 |  |  |  | 1,463 |  |  |  | - |  |  |  | (27 | ) |  |  | 1,436 |
31 December |  |  | (10,255 | ) |  |  | (4,913 | ) |  |  | (7,775 | ) |  |  | (22,943 | ) |  |  | (10,981 | ) |  |  | (4,877 | ) |  |  | (8,498 | ) |  |  | (24,356 | )
(a) | Certain liabilities have been reclassified as employee benefit liabilities.
Summary of Movements in (Deficit)/Surplus | Movements in (deficit)/surplus during the year:
|  | UK |  |  | Netherlands |  |  | Rest of world |  |  | € million 2017 Total |  |  | UK |  |  | Netherlands |  |  | Rest of world |  |  | € million 2016 Total |
1 January |  |  | (1,018 | ) |  |  | 239 |  |  |  | (2,394 | ) |  |  | (3,173 | ) |  |  | (652 | ) |  |  | 430 |  |  |  | (2,098 | ) |  |  | (2,320 | )
Current service cost |  |  | (114 | ) |  |  | (6 | ) |  |  | (125 | ) |  |  | (245 | ) |  |  | (89 | ) |  |  | (3 | ) |  |  | (134 | ) |  |  | (226 | )
Employee contributions |  |  | - |  |  |  | 1 |  |  |  | 17 |  |  |  | 18 |  |  |  | - |  |  |  | - |  |  |  | 17 |  |  |  | 17 |
Special termination benefits |  |  | - |  |  |  | - |  |  |  | (4 | ) |  |  | (4 | ) |  |  | - |  |  |  | - |  |  |  | (6 | ) |  |  | (6 | )
Past service costs including losses/(gains) on curtailments |  |  | 5 |  |  |  | 12 |  |  |  | 6 |  |  |  | 23 |  |  |  | 5 |  |  |  | 4 |  |  |  | 23 |  |  |  | 32 |
Settlements |  |  | - |  |  |  | - |  |  |  | 4 |  |  |  | 4 |  |  |  | - |  |  |  | - |  |  |  | (2 | ) |  |  | (2 | )
Actual return on plan assets (excluding amounts in net finance income/charge) |  |  | 863 |  |  |  | 275 |  |  |  | 337 |  |  |  | 1,475 |  |  |  | 1,412 |  |  |  | 281 |  |  |  | 184 |  |  |  | 1,877 |
Interest cost |  |  | (286 | ) |  |  | (86 | ) |  |  | (264 | ) |  |  | (636 | ) |  |  | (347 | ) |  |  | (109 | ) |  |  | (302 | ) |  |  | (758 | )
Interest income |  |  | 270 |  |  |  | 91 |  |  |  | 179 |  |  |  | 540 |  |  |  | 329 |  |  |  | 120 |  |  |  | 215 |  |  |  | 664 |
Actuarial gain/(loss) arising from changes in demographic assumptions |  |  | 312 |  |  |  | (96 | ) |  |  | 6 |  |  |  | 222 |  |  |  | 23 |  |  |  | (19 | ) |  |  | (221 | ) |  |  | (217 | )
Actuarial gain/(loss) arising from changes in financial assumptions |  |  | (189 | ) |  |  | - |  |  |  | (21 | ) |  |  | (210 | ) |  |  | (1,919 | ) |  |  | (524 | ) |  |  | (520 | ) |  |  | (2,963 | )
Actuarial gain/(loss) arising from experience adjustments |  |  | 144 |  |  |  | (37 | ) |  |  | 26 |  |  |  | 133 |  |  |  | 29 |  |  |  | 46 |  |  |  | 7 |  |  |  | 82 |
Employer contributions |  |  | 778 |  |  |  | 43 |  |  |  | 284 |  |  |  | 1,105 |  |  |  | 202 |  |  |  | 11 |  |  |  | 299 |  |  |  | 512 |
Benefit payments |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Reclassification of benefits(a) |  |  | - |  |  |  | 8 |  |  |  | (1 | ) |  |  | 7 |  |  |  | - |  |  |  | 2 |  |  |  | (2 | ) |  |  | - |
Currency retranslation |  |  | 18 |  |  |  | - |  |  |  | 162 |  |  |  | 180 |  |  |  | (11 | ) |  |  | - |  |  |  | 146 |  |  |  | 135 |
31 December |  |  | 783 |  |  |  | 444 |  |  |  | (1,788 | ) |  |  | (561 | ) |  |  | (1,018 | ) |  |  | 239 |  |  |  | (2,394 | ) |  |  | (3,173 | )
(a) | Certain liabilities have been reclassified as employee benefit liabilities.
Summary of Principal Defined Benefit Liabilities and Split of Liabilities Between Different Categories of Plan Participants | The duration of the defined benefit plan liabilities (representing 96% of total pension liabilities) and the split of liabilities between different categories of plan participants are:
|  | UK |  |  | Netherlands |  |  | Rest of world(a) |  |  | 2017 Total |  |  | UK |  |  | Netherlands |  |  | Rest of world(a) |  |  | 2016 Total |
Duration (years) |  |  | 17 |  |  |  | 19 |  |  |  | 13 |  |  |  | 8 to 24 |  |  |  | 18 |  |  |  | 20 |  |  |  | 14 |  |  |  | 8 to 20 |
Active members |  |  | 14% |  |  |  | 22% |  |  |  | 16% |  |  |  | 18% |  |  |  | 15% |  |  |  | 25% |  |  |  | 19% |  |  |  | 20% |
Deferred members |  |  | 32% |  |  |  | 30% |  |  |  | 15% |  |  |  | 26% |  |  |  | 33% |  |  |  | 30% |  |  |  | 14% |  |  |  | 26% |
Retired members |  |  | 54% |  |  |  | 48% |  |  |  | 69% |  |  |  | 56% |  |  |  | 52% |  |  |  | 45% |  |  |  | 67% |  |  |  | 54% |
(a) | Rest of world numbers shown are weighted averages by liabilities.
Schedule of Fair Value of Plans Assets, Which Are Reported Net of Fund Liabilities That Are Not Employee Benefits | The fair value of plan assets, which are reported net of fund liabilities that are not employee benefits, at the end of the reporting period for each category are as follows:
|  | € million 31 December 2017 |  |  | € million 31 December 2016 |
|  | UK |  |  | Netherlands |  |  | Rest of world |  |  | Pension plans Total |  |  | UK |  |  | Netherlands |  |  | Rest of world |  |  | Pension plans Total |
Total plan assets |  |  | 11,038 |  |  |  | 5,357 |  |  |  | 5,966 |  |  |  | 22,361 |  |  |  | 9,963 |  |  |  | 5,116 |  |  |  | 6,083 |  |  |  | 21,162 |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equities total |  |  | 4,538 |  |  |  | 1,876 |  |  |  | 1,909 |  |  |  | 8,323 |  |  |  | 4,418 |  |  |  | 1,831 |  |  |  | 1,884 |  |  |  | 8,133 |
– Europe |  |  | 1,093 |  |  |  | 703 |  |  |  | 594 |  |  |  | 2,390 |  |  |  | 1,065 |  |  |  | 623 |  |  |  | 509 |  |  |  | 2,197 |
– North America |  |  | 2,320 |  |  |  | 668 |  |  |  | 842 |  |  |  | 3,830 |  |  |  | 2,266 |  |  |  | 698 |  |  |  | 865 |  |  |  | 3,829 |
– Other |  |  | 1,125 |  |  |  | 505 |  |  |  | 473 |  |  |  | 2,103 |  |  |  | 1,087 |  |  |  | 510 |  |  |  | 510 |  |  |  | 2,107 |
Fixed income total |  |  | 4,210 |  |  |  | 2,500 |  |  |  | 2,954 |  |  |  | 9,664 |  |  |  | 4,727 |  |  |  | 2,665 |  |  |  | 2,890 |  |  |  | 10,282 |
– Government bonds |  |  | 2,162 |  |  |  | 879 |  |  |  | 1,376 |  |  |  | 4,417 |  |  |  | 2,774 |  |  |  | 1,114 |  |  |  | 1,438 |  |  |  | 5,326 |
– Investment grade corporate bonds |  |  | 1,368 |  |  |  | 485 |  |  |  | 1,207 |  |  |  | 3,060 |  |  |  | 1,361 |  |  |  | 438 |  |  |  | 1,128 |  |  |  | 2,927 |
– Other fixed income |  |  | 680 |  |  |  | 1,136 |  |  |  | 371 |  |  |  | 2,187 |  |  |  | 592 |  |  |  | 1,113 |  |  |  | 324 |  |  |  | 2,029 |
Private equity |  |  | 401 |  |  |  | 89 |  |  |  | 3 |  |  |  | 493 |  |  |  | 504 |  |  |  | 124 |  |  |  | 6 |  |  |  | 634 |
Property and real estate |  |  | 810 |  |  |  | 411 |  |  |  | 246 |  |  |  | 1,467 |  |  |  | 830 |  |  |  | 410 |  |  |  | 221 |  |  |  | 1,461 |
Hedge funds |  |  | 673 |  |  |  |  |  |  |  | 297 |  |  |  | 970 |  |  |  | 687 |  |  |  | 3 |  |  |  | 481 |  |  |  | 1,171 |
Other |  |  | 463 |  |  |  | 427 |  |  |  | 274 |  |  |  | 1,164 |  |  |  | 246 |  |  |  | 63 |  |  |  | 282 |  |  |  | 591 |
Other plans |  |  |  |  |  |  |  |  |  |  | 312 |  |  |  | 312 |  |  |  | - |  |  |  | - |  |  |  | 336 |  |  |  | 336 |
Fund liabilities that are not employee benefits |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivatives |  |  | (57 | ) |  |  | 54 |  |  |  | (29 | ) |  |  | (32 | ) |  |  | (1,449 | ) |  |  | 20 |  |  |  | (17 | ) |  |  | (1,446 | )
Schedule of Sensitivity of Pension Liabilities to Changes in the Weighted Key Assumptions | The sensitivity of the overall pension liabilities to changes in the weighted key assumptions are:
|  |  |  | Change in liabilities |
|  | Change in assumption |  | UK |  |  | Netherlands |  |  | Total |
Discount rate |  | Increase by 0.5% |  |  | -8% |  |  |  | -9% |  |  |  | -7% |
Inflation rate |  | Increase by 0.5% |  |  | +7% |  |  |  | +9% |  |  |  | +6% |
Life expectancy |  | Increase by 1 year |  |  | +4% |  |  |  | +4% |  |  |  | +4% |
Long-term medical cost inflation(b) |  | Increase by 1.0% |  |  | 0% |  |  |  | 0% |  |  |  | +1% |
An equivalent decrease in each assumption would have an equal and opposite impact on liabilities.
(b) | Long-term medical cost inflation only relates to post retirement medical plans.
Schedule of Cash Flow in Respect of Pensions and Similar Post-employment Benefits | The table below sets out these amounts:
|  | € million 2018 |  |  | € million 2017 |  |  | € million 2016 |  |  | € million 2015 |
|  | Estimate |  |  |  |  |  |  |  |  |  |
Company contributions to funded plans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Defined benefit |  |  | 245 |  |  |  | 954 |  |  |  | 355 |  |  |  | 356 |
Defined contributions |  |  | 205 |  |  |  | 195 |  |  |  | 187 |  |  |  | 197 |
Benefits paid by the company in respect of unfunded plans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Defined benefit |  |  | 150 |  |  |  | 151 |  |  |  | 157 |  |  |  | 157 |
Group cash flow in respect of pensions and similar benefits |  |  | 600 |  |  |  | 1,300 |  |  |  | 699 |  |  |  | 710 |
Schedule of Income Statement Charge | The charge in each of the last three years is shown below, and relates to equity-settled plans:
|  | € million |  |  | € million |  |  | € million |
Income statement charge |  | 2017 |  |  | 2016 |  |  | 2015 |
Performance share plans |  |  | (273 | ) |  |  | (185 | ) |  |  | (143 | )
Other plans |  |  | (11 | ) |  |  | (13 | ) |  |  | (7 | )
|  |  | (284 | ) |  |  | (198 | ) |  |  | (150 | )
Summary of Status of Performance Share Plans, Related Changes and Share Award Value Information | A summary of the status of the Performance Share Plans as at 31 December 2017, 2016 and 2015 and changes during the years ended on these dates is presented below:
|  | 2017 Number of shares |  |  | 2016 Number of shares |  |  | 2015 Number of shares |
Outstanding at 1 January |  |  | 14,818,060 |  |  |  | 15,979,140 |  |  |  | 17,468,291 |
Awarded |  |  | 4,962,345 |  |  |  | 7,016,274 |  |  |  | 8,890,394 |
Vested |  |  | (4,723,861 | ) |  |  | (6,983,053 | ) |  |  | (8,448,454 | )
Forfeited |  |  | (1,371,797 | ) |  |  | (1,194,301 | ) |  |  | (1,931,091 | )
Outstanding at 31 December |  |  | 13,684,747 |  |  |  | 14,818,060 |  |  |  | 15,979,140 |
Share award value information |  | 2017 |  |  | 2016 |  |  | 2015 |
Fair value per share award during the year |  |  | €42.59 |  |  |  | €35.43 |  |  |  | €33.17 |

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