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Capital and Funding (Tables) | 12 Months Ended
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Dec. 31, 2018
Summary of Share Capital | SHARE CAPITAL
|  | Authorised(a) 2018 |  |  | Issued, called up and fully paid(b) 2018 |  |  | Authorised(a) 2017 |  |  | Issued, called up and fully paid(b) 2017 |
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 | )
Cancellation of treasury shares(c) |  |  | (3.8 | ) |  |  | — |
|  |  | 37.0 |  |  |  | 40.8 |
|  | €million |  |  | €million |
Euro equivalent in millions (at £1.00 = €5.143)(d) |  |  | 190 |  |  |  | 210 |
Unilever Group |  | €million |  |  | €million |
Ordinary share capital of NV |  |  | 274 |  |  |  | 274 |
Ordinary share capital of PLC |  |  | 190 |  |  |  | 210 |
|  |  | 464 |  |  |  | 484 |
(a) | At 31 December 2018 Unilever N.V. had 3,000,000,000 (2017: 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 2018 the following quantities of shares were in issue: 1,714,727,700 of NV ordinary shares; 2,400 of NV Special Shares; 1,187,191,284 of PLC ordinary shares and 100,000 of PLC deferred stock. At 31 December 2017, 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 were in issue.
(c) | At 31 December 2018 122,965,077 of PLC ordinary shares that were repurchased as part of the share buyback programme in 2018 and prior years, were cancelled. And 24,334,848 shares have not been cancelled and are recognised as treasury shares.
(d) | 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.
HUL balance sheet as at 31 December |  | € million 2018 |  |  | € million 2017 |
Non-current assets |  |  | 881 |  |  |  | 819 |
Current assets |  |  | 1,333 |  |  |  | 1,274 |
Current liabilities |  |  | (1,130 | ) |  |  | (1,030 | )
Non-current liabilities |  |  | (190 | ) |  |  | (135 | )
HUL comprehensive income for the year ended 31 December |  |  |  |  |  |  |  |
Turnover |  |  | 4,527 |  |  |  | 4,464 |
Profit after tax |  |  | 617 |  |  |  | 595 |
Total comprehensive income |  |  | 576 |  |  |  | 529 |
HUL cash flow for the year ended 31 December |  |  |  |  |  |  |  |
Net increase/(decrease) in cash and cash-equivalents |  |  | 14 |  |  |  | (71 | )
HUL non-controlling interest |  |  |  |  |  |  |  |
1 January |  |  | (288 | ) |  |  | (282 | )
Share of (profit)/loss for the year ended 31 December |  |  | (203 | ) |  |  | (195 | )
Other comprehensive income |  |  | (4 | ) |  |  | (3 | )
Dividend paid to the non-controlling interest |  |  | 183 |  |  |  | 172 |
Other changes in equity |  |  | — |  |  |  | — |
Currency translation |  |  | 13 |  |  |  | 20 |
31 December |  |  | (299 | ) |  |  | (288 | )
Summary of Consolidated Statement of Changes in Equity: Analysis of Other Reserves | CONSOLIDATED STATEMENT OF CHANGES IN EQUITY: ANALYSIS OF OTHER RESERVES
|  | € million Total 2018 |  |  | € million Total 2017 |  |  | € million Total 2016 |
Fair value reserves |  |  | (194 | ) |  |  | (189 | ) |  |  | (113 | )
Equity instruments(a) |  |  | 98 |  |  |  | — |  |  |  | — |
Cash flow hedges |  |  | (292 | ) |  |  | (236 | ) |  |  | (168 | )
Available-for-sale financial assets |  |  | — |  |  |  | 47 |  |  |  | 55 |
Currency retranslation of group companies – see following table |  |  | (4,764 | ) |  |  | (3,927 | ) |  |  | (3,034 | )
Adjustment on translation of PLC’s ordinary capital at 31/9p = €0.16 |  |  | (150 | ) |  |  | (164 | ) |  |  | (164 | )
Capital redemption reserve |  |  | 32 |  |  |  | 32 |  |  |  | 32 |
Book value of treasury shares – see following table |  |  | (10,181 | ) |  |  | (9,208 | ) |  |  | (4,164 | )
Hedging gains/(losses) transferred to non-financial assets(a) |  |  | 71 |  |  |  | — |  |  |  | — |
Other(b) |  |  | (100 | ) |  |  | (177 | ) |  |  | — |
|  |  | (15,286 | ) |  |  | (13,633 | ) |  |  | (7,443 | )
(a) | Classification has changed following adoption of IFRS 9. See note 1 for further details.
(b) | Relates to option on purchase of subsidiary for non-controlling interest and hyperinflation adjustment arising on current year profit translated at closing exchange rate.
Summary of Treasury Shares Movements |
Treasury shares – movements during the year |  | € million 2018 |  |  | € million 2017 |
1 January |  |  | (9,208 | ) |  |  | (4,164 | )
Repurchase of shares (see note 24) |  |  | (6,020 | ) |  |  | (5,014 | )
Cancellation of NV and PLC shares |  |  | 5,055 |  |  |  | — |
Other purchases and utilisations |  |  | (8 | ) |  |  | (30 | )
31 December |  |  | (10,181 | ) |  |  | (9,208 | )
Summary of Currency Retranslation Reserve |
Currency retranslation reserve – movements during the year |  | € million 2018 |  |  | € million 2017 |
1 January |  |  | (3,927 | ) |  |  | (3,034 | )
Currency retranslation during the year |  |  | (843 | ) |  |  | (50 | )
Movement in net investment hedges and exchange differences in net investments in foreign operations |  |  | 77 |  |  |  | (909 | )
Recycled to income statement |  |  | (71 | ) |  |  | 66 |
31 December |  |  | (4,764 | ) |  |  | (3,927 | )
Summary of Comprehensive Income: Other Comprehensive Income Reconciliation |
STATEMENT OF COMPREHENSIVE INCOME: OTHER COMPREHENSIVE INCOME RECONCILIATION
Fair value gains/(losses) on financial instruments – movement during the year |  | € million 2018 |  |  | € million 2017 |
1 January |  |  | (189 | ) |  |  | (113 | )
Equity instruments |  |  | 51 |  |  |  | — |
Cash flow hedges |  |  | (55 | ) |  |  | (68 | )
Available for sale financial assets |  |  | — |  |  |  | (8 | )
31 December |  |  | (193 | ) |  |  | (189 | )
Refer to the consolidated statement of comprehensive income on page 75, the consolidated statement of changes in equity on page 76, and note 6C on page 96.
Remeasurement of defined benefit pension plans net of tax |  | € million 2018 |  |  | € million 2017 |
1 January |  |  | (1,171 | ) |  |  | (2,453 | )
Movement during the year |  |  | (328 | ) |  |  | 1,282 |
31 December |  |  | (1,499 | ) |  |  | (1,171 | )
Refer to the consolidated statement of comprehensive income on page 75, the consolidated statement of changes in equity on page 76, note 4B from page 87 to 92 and note 6C on page 96.
Currency retranslation gains/(losses) – movement during the year |  | € million 2018 |  |  | € million 2017 |
1 January |  |  | (4,278 | ) |  |  | (3,295 | )
Currency retranslation during the year: |  |  |  |  |  |  |  |
Other reserves |  |  | (836 | ) |  |  | (903 | )
Retained profit |  |  | (10 | ) |  |  | (27 | )
Non-controlling interest |  |  | (15 | ) |  |  | (53 | )
31 December |  |  | (5,139 | ) |  |  | (4,278 | )
Summary of Financial Liabilities | FINANCIAL LIABILITIES
|  |  |  |  | € million |  |  | € million |  |  | € million |  |  | € million |  |  | € million |  |  | € million |
Financial liabilities(a) |  | Note |  |  | Current 2018 |  |  | Non- current 2018 |  |  | Total 2018 |  |  | Current 2017 |  |  | Non- current 2017 |  |  | Total 2017 |
Bank loans and overdrafts(b) |  |  |  |  |  |  | 525 |  |  |  | 289 |  |  |  | 814 |  |  |  | 513 |  |  |  | 479 |  |  |  | 992 |
Bonds and other loans |  |  |  |  |  |  | 2,422 |  |  |  | 20,969 |  |  |  | 23,391 |  |  |  | 7,181 |  |  |  | 15,528 |  |  |  | 22,709 |
Finance lease creditors |  |  | 20 |  |  |  | 13 |  |  |  | 115 |  |  |  | 128 |  |  |  | 11 |  |  |  | 120 |  |  |  | 131 |
Derivatives |  |  |  |  |  |  | 126 |  |  |  | 276 |  |  |  | 402 |  |  |  | 86 |  |  |  | 335 |  |  |  | 421 |
Other financial liabilities(c) |  |  |  |  |  |  | 149 |  |  |  | 1 |  |  |  | 150 |  |  |  | 177 |  |  |  | — |  |  |  | 177 |
|  |  |  |  |  |  | 3,235 |  |  |  | 21,650 |  |  |  | 24,885 |  |  |  | 7,968 |  |  |  | 16,462 |  |  |  | 24,430 |
(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 €5 million (2017: €1 million) of secured liabilities. |
(c)Includes options and other financial liabilities to acquire non-controlling interests in EAC Myanmar, refer to note 21. |
Reconciliation of Liabilities Arising from Financing Activities |
RECONCILIATION OF LIABILITIES ARISING FROM FINANCING ACTIVITIES |
|  |  |  |  |  |  |  | Non-cash movement |  |  |  |
Movements in 2018 and 2017 |  | Opening balance at 1 January € million |  |  | Cash movement € million |  |  | Business acquisitions/ disposals € million |  |  | Foreign exchange changes € million |  |  | Fair value changes € million |  |  | Other movements € million |  |  | Closing balance at 31 December € million |
2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Bank loans and overdrafts(a) |  |  | (992 | ) |  |  | 158 |  |  |  | (10 | ) |  |  | 17 |  |  |  | — |  |  |  | 13 |  |  |  | (814 | )
Bonds and other loans(a) |  |  | (22,709 | ) |  |  | (135 | ) |  |  | — |  |  |  | (543 | ) |  |  | — |  |  |  | (4 | ) |  |  | (23,391 | )
Finance lease creditors |  |  | (131 | ) |  |  | 10 |  |  |  | — |  |  |  | 1 |  |  |  | — |  |  |  | (8 | ) |  |  | (128 | )
Derivatives |  |  | (421 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 19 |  |  |  | — |  |  |  | (402 | )
Other financial liabilities |  |  | (177 | ) |  |  | 51 |  |  |  | — |  |  |  | 10 |  |  |  | (4 | ) |  |  | (30 | ) |  |  | (150 | )
Total |  |  | (24,430 | ) |  |  | 84 |  |  |  | (10 | ) |  |  | (515 | ) |  |  | 15 |  |  |  | (29 | ) |  |  | (24,885 | )
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(a) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (177 | ) |  |  | (177 | )
Total |  |  | (16,595 | ) |  |  | (8,860 | ) |  |  | (3 | ) |  |  | 1,450 |  |  |  | (238 | ) |  |  | (184 | ) |  |  | (24,430 | )
(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 €2 million (2017: €1 million) represents cash movements in overdrafts that are not included in financing cash flows.
Bonds and Other Loans [Member] |
Summary of Analysis of Bonds and Other Loans | ANALYSIS OF BONDS AND OTHER LOANS
|  | € million |  |  | € million |
|  | Total 2018 |  |  | Total 2017 |
Unilever N.V. |  |  |  |  |  |  |  |
Floating Rate Notes 2018 (€) |  |  | — |  |  |  | 750 |
1.625% Notes 2033 (€) |  |  | 791 |  |  |  | — |
1.750% Bonds 2020 (€) |  |  | 749 |  |  |  | 748 |
0.500% Notes 2022 (€) |  |  | 746 |  |  |  | 744 |
1.375% Notes 2029 (€) |  |  | 743 |  |  |  | 742 |
1.125% Bonds 2027 (€) |  |  | 696 |  |  |  | — |
1.125% Bonds 2028 (€) |  |  | 693 |  |  |  | 693 |
0.875% Notes 2025 (€) |  |  | 647 |  |  |  | 646 |
0.500% Bonds 2025 (€) |  |  | 642 |  |  |  | — |
1.375% Notes 2030 (€) |  |  | 642 |  |  |  | — |
0.375% Notes 2023 (€) |  |  | 599 |  |  |  | 598 |
1.000% Notes 2027 (€) |  |  | 598 |  |  |  | 597 |
1.000% Notes 2023 (€) |  |  | 497 |  |  |  | 497 |
0.000% Notes 2021 (€) |  |  | 497 |  |  |  | 496 |
0.500% Notes 2023 (€) |  |  | 497 |  |  |  | — |
0.500% Notes 2024 (€) |  |  | 494 |  |  |  | 493 |
0.000% Notes 2020 (€) |  |  | 300 |  |  |  | 299 |
Commercial paper |  |  | — |  |  |  | 3,655 |
Total NV |  |  | 9,831 |  |  |  | 10,958 |
Unilever PLC |  |  |  |  |  |  |  |
1.125% Notes 2022 (£) |  |  | 386 |  |  |  | 390 |
2.000% Notes 2018 (£)(a) |  |  | — |  |  |  | 283 |
1.375% Notes 2024 (£) |  |  | 276 |  |  |  | 280 |
1.875% Notes 2029 (£) |  |  | 274 |  |  |  | 278 |
Total PLC |  |  | 936 |  |  |  | 1,231 |
Other group companies |  |  |  |  |  |  |  |
Switzerland |  |  |  |  |  |  |  |
Other |  |  | 10 |  |  |  | 6 |
United States |  |  |  |  |  |  |  |
4.250% Notes 2021 ($) |  |  | 873 |  |  |  | 834 |
5.900% Bonds 2032 ($) |  |  | 865 |  |  |  | 826 |
2.900% Notes 2027 ($) |  |  | 860 |  |  |  | 821 |
2.200% Notes 2022 ($) |  |  | 738 |  |  |  | 704 |
1.800% Notes 2020 ($) |  |  | 698 |  |  |  | 666 |
3.500% Notes 2028 ($) |  |  | 687 |  |  |  | — |
4.800% Bonds 2019 ($) |  |  | 656 |  |  |  | 627 |
2.200% Notes 2019 ($) |  |  | 655 |  |  |  | 625 |
2.000% Notes 2026 ($) |  |  | 602 |  |  |  | 575 |
1.375% Notes 2021 ($) |  |  | 478 |  |  |  | 456 |
3.125% Notes 2023 ($) |  |  | 477 |  |  |  | — |
2.100% Notes 2020 ($) |  |  | 436 |  |  |  | 416 |
3.000% Notes 2022 ($) |  |  | 434 |  |  |  | — |
3.250% Notes 2024 ($) |  |  | 433 |  |  |  | — |
3.100% Notes 2025 ($) |  |  | 432 |  |  |  | 413 |
2.600% Notes 2024 ($) |  |  | 432 |  |  |  | 413 |
3.500% Bonds 2028 ($) |  |  | 431 |  |  |  | — |
2.750% Bonds 2021 ($) |  |  | 348 |  |  |  | — |
3.375% Notes 2025 ($) |  |  | 302 |  |  |  | — |
7.250% Bonds 2026 ($) |  |  | 254 |  |  |  | 243 |
6.625% Bonds 2028 ($) |  |  | 200 |  |  |  | 190 |
5.150% Notes 2020 ($) |  |  | 134 |  |  |  | 129 |
5.600% Bonds 2097 ($) |  |  | 80 |  |  |  | 76 |
Commercial paper ($) |  |  | 1,070 |  |  |  | 2,421 |
Other countries |  |  | 39 |  |  |  | 79 |
Total other group companies |  |  | 12,624 |  |  |  | 10,520 |
Total bonds and other loans |  |  | 23,391 |  |  |  | 22,709 |
(a) | Of which €Nil (2017: €2 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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