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Dividends on Ordinary Capital | 12 Months Ended
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Dec. 31, 2018
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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.
Dividends on ordinary capital during the year |  | € million 2018 |  |  | € million 2017 |  |  | € million 2016 |
NV dividends |  |  | (2,262 | ) |  |  | (2,154 | ) |  |  | (1,974 | )
PLC dividends |  |  | (1,819 | ) |  |  | (1,762 | ) |  |  | (1,626 | )
|  |  | (4,081 | ) |  |  | (3,916 | ) |  |  | (3,600 | )
Four quarterly interim dividends were declared and paid during 2018 totalling €1.52 (2017: €1.40) per NV ordinary share and £1.33 (2017: £1.22) per PLC ordinary share. Quarterly dividends of €0.39 per NV ordinary share and £0.34 per PLC ordinary share were declared on 31 January 2019, to be paid in March 2019. See note 26 ‘Events after the balance sheet date’ on page 127. Total dividends declared in relation to 2018 were €1.55 (2017: €1.43) per NV ordinary share and £1.35 (2017: £1.26) 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 2017-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=1&date=2017-03-01&anchor=para_10_e&doctype=Standard -URIDate 2017-03-09 + Details
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