Acquisitions and Disposals (Tables)

12 Months Ended

Dec. 31, 2018

Effect of Acquisitions on Consolidated Balance Sheet

Detailed information relating to goodwill is provided in note 9 on pages 97 to 99. The value of goodwill which is expected to be tax deductible is €5 million.


	€ million			€ million			€ million
	2018			2017			2016
Net assets acquired		815			2,423			929
Non-controlling interest		(17	)		(50	)		—
Goodwill		496			2,539			1,140

Total payment for acquisition		1,294			4,912			2,069
Exchange rate gain/(loss) on cash flow hedge		(100	)		51			14

Total consideration		1,194			4,963			2,083

In 2018 the net assets acquired and total payment for acquisition consist of:


	€ million
	2018
Intangible assets		859
Other non-current assets		45
Trade and other receivables		25
Other current assets		45
Non-current liabilities		(134	)
Current liabilities		(25	)

Net assets acquired		815
Non-controlling interest		(17	)
Goodwill		496
Exchange rate gain/(loss) on cash flow hedges^(a)		(100	)

Cash consideration		1,172
Deferred consideration		22

Total consideration		1,194

^(a)	Exchange rate gain/(loss) on the cash flow hedge in relation to the acquisition of Quala.

Summary of Impact of Disposals

The following table sets out the effect of the disposals in 2018, 2017 and 2016 on the consolidated balance sheet. The results of disposed businesses are included in the consolidated financial statements up to their date of disposal.


	€ million			€ million			€ million
	2018			2017			2016
Goodwill and intangible assets		2,510			71			85
Other non-current assets		666			92			29
Current assets		261			10			5
Trade creditors and other payables		(107	)		(8	)		—

Net assets sold		3,330			165			119
(Gain)/loss on recycling of currency retranslation on disposal		(71	)		66			—
Profit/(loss) on sale attributable to Unilever		4,331			332			(95	)

Consideration		7,590			563			24

Cash		7,135			560			16
Cash balances of businesses sold		321			—			8
Non-cash items and deferred consideration		134			3			—

		7,590			563			24