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Capital and Funding (Tables)

12 Months Ended

Dec. 31, 2017

Statement [LineItems]

Summary of Share Capital

SHARE CAPITAL

						Issued,								Issued,
						called up								called up
						and								and
			Authorised(a)				fully paid(b)				Authorised(a)				fully paid(b)
		2017				2017				2016				2016
Unilever N.V.		€ million				€ million				€ million				€ million
NV ordinary shares of €0.16 each			480				274				480				274
NV ordinary shares of €428.57 each (shares numbered 1 to 2,400 – ‘Special Shares’)			1				1				1				1
Internal holdings eliminated on consolidation (€428.57 shares)			-				(1)				-				(1)
			481				274				481				274
Unilever PLC						£ million								£ million
PLC ordinary shares of 31/9p each							40.8								40.8
PLC deferred stock of £1 each							0.1								0.1
Internal holding eliminated on consolidation (£1 stock)							(0.1)								(0.1)
							40.8								40.8
						€ million								€ million
Euro equivalent in millions (at £1.00 = €5.143)(c)							210								210
Unilever Group						€ million								€ million
Ordinary share capital of NV							274								274
Ordinary share capital of PLC							210								210
							484								484

^(a)  At 31 December 2017, Unilever N.V. had 3,000,000,000 (2016: 3,000,000,000) authorised ordinary shares. The requirement for a UK company to have an authorised share capital was abolished by the UK Companies Act 2006. In May 2010 Unilever PLC shareholders approved new Articles of Association to reflect this.

^(b)  At 31 December 2017, the following quantities of shares were in issue: 1,714,727,700 of NV ordinary shares; 2,400 of NV Special Shares; 1,310,156,361 of PLC ordinary shares and 100,000 of PLC deferred stock. The same quantities were in issue at 31 December 2016.

^(c)  Conversion rate for PLC ordinary shares nominal value to euros is £1 = €5.143 (which is calculated by dividing the nominal value of NV ordinary shares by the nominal value of PLC ordinary shares).

Summary Combined Financial Information in Relation to HUL

Summary financial information in relation to HUL is shown below.

		€ million				€ million
HUL Balance sheet as at 31 December		2017				2016
Non-current assets			819				791
Current assets			1,274				1,160
Current liabilities			(1,030	)			(980	)
Non-current liabilities			(135	)			(110	)
HUL Comprehensive income for the year ended 31 December
Turnover			4,464				4,084
Profit after tax			595				475
Total comprehensive income			529				484
HUL Cash flow for the year ended 31 December
Net increase/(decrease) in cash and cash-equivalents			(71	)			14
HUL Non-controlling interest
1 January			(282	)			(271	)
Share of (profit)/loss for the year ended 31 December			(195	)			(157	)
Other comprehensive income			(3	)			(8	)
Dividend paid to the non-controlling interest			172				157
Other changes in equity			-				-
Currency translation			20				(3	)
31 December			(288	)			(282	)

Summary of Consolidated Statement of Changes in Equity: Analysis of Other Reserves

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY: ANALYSIS OF OTHER RESERVES

		€ million				€ million				€ million
		Total				Total				Total
		2017				2016				2015
Fair value reserves			(189	)			(113	)			(98	)
Cash flow hedges			(236	)			(168	)			(174	)
Available-for-sale financial assets			47				55				76
Currency retranslation of group companies - see following table			(3,927	)			(3,034	)			(3,285	)
Adjustment on translation of PLC’s ordinary capital at 31/9p = €0.16			(164	)			(164	)			(164	)
Capital redemption reserve			32				32				32
Book value of treasury shares - see following table			(9,208	)			(4,164	)			(4,119	)
Other(a)			(177	)			-				(182	)
			(13,633	)			(7,443	)			(7,816	)

^(a)  Relates to option on purchase of subsidiary for non-controlling interest.

Summary of Treasury Shares Movements

Treasury shares – movements during the year		2017				2016
1 January			(4,164	)			(4,119	)
Repurchase of shares (see note 24)			(5,014	)			-
Other purchases and utilisations			(30	)			(45	)
31 December			(9,208	)			(4,164	)

Summary of Currency Retranslation Reserve

Currency retranslation reserve – movements during the year		2017				2016
1 January			(3,034	)			(3,285	)
Currency retranslation during the year			(50	)			599
Movement in net investment hedges and exchange differences in net investments in foreign operations			(909	)			(365	)
Recycled to income statement			66				17
31 December			(3,927	)			(3,034	)

Summary of Comprehensive Income: Other Comprehensive Income Reconciliation

STATEMENT OF COMPREHENSIVE INCOME: OTHER COMPREHENSIVE INCOME RECONCILIATION
		€ million				€ million
Fair value gains/(losses) on financial instruments – movement during the year		2017				2016
1 January			(113	)			(98	)
Cash flow hedges			(68	)			6
Available for sale financial assets			(8	)			(21	)
31 December			(189	)			(113	)

Refer to the consolidated statement of comprehensive income on page 86, the consolidated statement of changes in equity on page 87, and note 6C on page 107.

		€ million				€ million
Remeasurement of defined benefit pension plans net of tax		2017				2016
1 January			(2,453	)			(1,473	)
Movement during the year			1,282				(980	)
31 December			(1,171	)			(2,453	)

Refer to the consolidated statement of comprehensive income on page 86, the consolidated statement of changes in equity on page 87, note 4B from page 98 to 103 and note 6C on page 107.

		€ million				€ million
Currency retranslation gains/(losses) – movement during the year		2017				2016
1 January			(3,295	)			(3,512	)
Currency retranslation during the year:
Other reserves			(903	)			189
Retained profit			(27	)			17
Non-controlling interest			(53	)			11
31 December			(4,278	)			(3,295	)

Summary of Financial Liabilities

FINANCIAL LIABILITIES

										€ million				€ million				€ million				€ million				€ million				€ million
										Current				Non-current				Total				Current				Non-current				Total
Financial liabilities(a)		Notes								2017				2017				2017				2016				2016				2016
Preference shares											-				-				-				-				68				68
Bank loans and overdrafts(b)											513				479				992				899				247				1,146
Bonds and other loans											7,181				15,528				22,709				4,367				10,686				15,053
Finance lease creditors			20								11				120				131				9				134				143
Derivatives											86				335				421				175				10				185
Other financial liabilities(c)											177				-				177				-				-				-
											7,968				16,462				24,430				5,450				11,145				16,595

^(a)  For the purposes of this note and note 17A, financial assets and liabilities exclude trade and other current receivables and trade payables and other liabilities which are covered in notes 13 and 14 respectively.

^(b)  Financial liabilities include €1 million (2016: €2 million) of secured liabilities.

^(c)  Includes options and other financial liabilities to acquire non-controlling interests in Carver Korea and EAC Myanmar, refer to note 21.

Reconciliation of Liabilities Arising from Financing Activities

RECONCILIATION OF LIABILITIES ARISING FROM FINANCING ACTIVITIES

										Non -Cash Movement
										Business
		Opening				Cash				Acquisitions/				Foreign				Fair				Other				Closing
		balance at				Movement				Disposals				exchange				value				movements				balance at
		1 January												changes				changes								31 December
		€ million				€ million				€ million				€ million				€ million				€ million				€ million
2017
Preference shares			(68	)			68				-				-				-				-				-
Bank loans and overdrafts(a)			(1,146	)			66				(3	)			98				-				(7	)			(992	)
Bonds and other loans(a)			(15,053	)			(9,008	)			-				1,346				(2	)			8				(22,709	)
Finance lease creditors			(143	)			14				-				6				-				(8	)			(131	)
Derivatives			(185	)			-				-				-				(236	)			-				(421	)
Other financial liabilities			-				-				-				-				-				(177	)			(177	)
Total			(16,595	)			(8,860	)			(3	)			1,450				(238	)			(184	)			(24,430	)
2016
Preference shares			(68	)			-				-				-				-				-				(68	)
Bank loans and overdrafts(a)			(1,064	)			(23	)			-				(42	)			-				(17	)			(1,146	)
Bonds and other loans(a)			(12,703	)			(2,089	)			-				(190	)			(3	)			(68	)			(15,053	)
Finance lease creditors			(195	)			35				-				21				-				(4	)			(143	)
Derivatives			(124	)			-				-				-				(61	)			-				(185	)
Other financial liabilities(a)			(489	)			289																200				-
Total			(14,643	)			(1,788	)			-				(211	)			(64	)			111				(16,595	)

^(a)  These cash movements are included within the following lines in the consolidated cash flow statement: net change in short-term liabilities, additional financial liabilities and repayment of financial liabilities. The difference of €1 million (2016: €17 million) represents cash movements in overdrafts that are not included in financing cash flows.

Bonds and Other Loans [Member]

Statement [LineItems]

Summary of Analysis of Bonds and Other Loans

ANALYSIS OF BONDS AND OTHER LOANS

		€ million				€ million
		Total				Total
		2017				2016
Unilever N.V.
Floating Rate Notes 2018 (€)			750				749
1.750% Bonds 2020 (€)			748				748
0.500% Notes 2022 (€)			744				743
1.375% Notes 2029 (€)			742				-
1.125% Bonds 2028 (€)			693				692
0.875% Notes 2025 (€)			646				-
0.375% Notes 2023 (€)			598				-
1.000% Notes 2027 (€)			597				-
1.000% Notes 2023 (€)			497				496
0.000% Notes 2021 (€)			496				-
0.500% Notes 2024 (€)			493				492
0.000% Notes 2020 (€)			299				299
2.950% Notes 2017 (Renminbi)			-				41
Commercial paper			3,655				819
Total NV			10,958				5,079
Unilever PLC
4.750% Bonds 2017 (£)			-				466
1.125% Notes 2022 (£)			390				-
2.000% Notes 2018 (£)			283	(a)			294	(a)
1.375% Notes 2024 (£)			280				-
1.875% Notes 2029 (£)			278				-
Commercial paper			-				373
Total PLC			1,231				1,133
Other group companies
Switzerland
Other			6				-
United States
4.250% Notes 2021 (US$)			834				950
5.900% Bonds 2032 (US$)			826				942
2.900% Notes 2027 (US$)			821				-
2.200% Notes 2022 (US$)			704				-
1.800% Notes 2020 (US$)			666				-
4.800% Bonds 2019 (US$)			627				714
2.200% Notes 2019 (US$)			625				711
2.000% Notes 2026 (US$)			575				655
0.850% Notes 2017 (US$)			-				524
1.375% Notes 2021 (US$)			456				519
2.100% Notes 2020 (US$)			416				474
3.100% Notes 2025 (US$)			413				470
2.600% Notes 2024 (US$)			413				-
7.250% Bonds 2026 (US$)			243				276
6.625% Bonds 2028 (US$)			190				216
5.150% Notes 2020 (US$)			129				149
7.000% Bonds 2017 (US$)			-				142
5.600% Bonds 2097 (US$)			76				87
Commercial paper (US$)			2,421				1,892
Other countries			79				120
Total other group companies			10,520				8,841
Total bonds and other loans			22,709				15,053

^(a)  Of which €2 million (2016: €3 million) relates to a fair value adjustment following the fair value hedge accounting of a fixed-for-floating interest rate swap.

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