XML 154 R4.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Statement of Changes in Equity - EUR (€)
€ in Millions
Total
Called up share capital [member]
Share Premium Account [member]
Unification Reserves [Member]
Other reserves [member]
Retained profit [member]
Equity Attributable to Owners of Parent [member]
Non-controlling Interests [member]
Beginning balance at Dec. 31, 2017 € 14,198 € 484 € 130   € (13,587) € 26,413 € 13,440 € 758
Hyperinflation restatement to 1 January 2018 at Dec. 31, 2017 393         393 393  
Beginning balance after restatement at Dec. 31, 2017 14,591 484 130   (13,587) 26,806 13,833 758
Profit or loss for the period 9,788         9,369 9,369 419
Other comprehensive income net of tax:                
Gains/(losses) on equity instruments measured at fair value through other comprehensive income 51       51   51  
Cash flow hedges (55)       (56)   (56) 1
Remeasurement of defined benefit pension plans (328)         (330) (330) 2
Currency retranslation gains/(losses) (839)       (814) (10) (824) (15)
Total comprehensive income 8,617       (819) 9,029 8,210 407
Dividends on ordinary capital (4,081)         (4,081) (4,081)  
Repurchase of shares [1] (6,020)       (6,020)   (6,020)  
Cancellation of treasury shares [2]   (20)     5,069 (5,049)    
Movements in treasury shares [3] (253)       (8) (245) (253)  
Share-based payment credit [4] 196         196 196  
Dividends paid to non-controlling interests (342)             (342)
Currency retranslation gains/(losses) net of tax (1)   (1)       (1)  
Hedging gain/(loss) transferred to non-financial assets 71       71   71  
Other movements in equity [5] (661)       76 (634) (558) (103)
Ending balance at Dec. 31, 2018 12,117 464 129   (15,218) 26,022 11,397 720
Impact of adopting IFRIC 23 at Dec. 31, 2018 (38)         (38) (38)  
Beginning balance after restatement at Dec. 31, 2018 12,079 464 129   (15,218) 25,984 11,359 720
Profit or loss for the period 6,026         5,625 5,625 401
Other comprehensive income net of tax:                
Gains/(losses) on equity instruments measured at fair value through other comprehensive income 29       25   25 4
Cash flow hedges 176       176   176  
Remeasurement of defined benefit pension plans 353         352 352 1
Currency retranslation gains/(losses) (15)       (18) 2 (16) 1
Total comprehensive income 6,569       183 5,979 6,162 407
Dividends on ordinary capital (4,223)         (4,223) (4,223)  
Cancellation of treasury shares [2]   (44)     9,416 (9,372)    
Movements in treasury shares [3] (167)       64 (231) (167)  
Share-based payment credit [4] 151         151 151  
Dividends paid to non-controlling interests (435)             (435)
Currency retranslation gains/(losses) net of tax 5   5       5  
Hedging gain/(loss) transferred to non-financial assets 32       32   32  
Other movements in equity (125)       (51) (76) (127) 2
Ending balance at Dec. 31, 2019 13,886 420 134   (5,574) 18,212 13,192 694
Profit or loss for the period 6,073         5,581 5,581 492
Other comprehensive income net of tax:                
Gains/(losses) on equity instruments measured at fair value through other comprehensive income 78       68   68 10
Cash flow hedges 60       62   62 (2)
Remeasurement of defined benefit pension plans 215         217 217 (2)
Currency retranslation gains/(losses) (2,590)       (2,356) (22) (2,378) (212)
Total comprehensive income 3,836       (2,226) 5,776 3,550 286
Dividends on ordinary capital (4,300)         (4,300) (4,300)  
Issue of PLC ordinary shares as part of Unification [6]   51       (51)    
Cancellation of NV ordinary shares as part of Unification [6]   (233) (20)     253    
Other effects of Unification [7]   (146) 73,364 € (73,364) 132 14    
Movements in treasury shares [3] 62       220 (158) 62  
Share-based payment credit [4] 108         108 108  
Dividends paid to non-controlling interests (559)             (559)
Currency retranslation gains/(losses) net of tax (6)   (6)       (6)  
Hedging gain/(loss) transferred to non-financial assets 12       10   10 2
Net gain arising from Horlicks acquisition [8] 4,848         2,930 2,930 1,918
Other movements in equity [5] (232)       (44) (236) (280) 48
Ending balance at Dec. 31, 2020 € 17,655 € 92 € 73,472 € (73,364) € (7,482) € 22,548 € 15,266 € 2,389
[1] Repurchase of shares reflects the cost of acquiring ordinary shares as part of the share buyback programmes announced on 19 April 2018 and 6 April 2017.
[2] During 2019, 254,012,896 NV ordinary shares and 18,660,634 PLC ordinary shares were cancelled and in 2018 122,965,077 PLC ordinary shares were cancelled. The amount paid to repurchase these shares was initially recognised in other reserves and is transferred to retained profit on cancellation.
[3] Includes purchases and sales of treasury shares, and transfer from treasury shares to retained profit of share-settled schemes arising from prior years and differences between exercise and grant price of share options.
[4] The share-based payment credit relates to the non-cash charge recorded against operating profit in respect of the fair value of share options and awards granted to employees.
[5] 2020 includes €163 million paid for purchase of the non-controlling interest in Unilever Malaysia. 2018 includes a €662 million premium paid for purchase of the non-controlling interest in Unilever South Africa from Remgro.
[6] As part of Unification (see note 1 for further details), the shareholders of NV were issued new PLC ordinary shares, and all NV shares in issue were cancelled. The net impact is recognised in retained profit.
[7] Includes the reduction of PLC’s share capital following the cessation of the Equalisation Agreement. Prior to Unification, a conversion rate of £1= €5.143 was used in accordance with the Equalisation Agreement to translate PLC’s share capital. Following Unification, PLC’s share capital has been translated using the exchange rate at the date of Unification. To reflect the legal share capital of the PLC company, an increase to share premium of €73,364 million and a debit unification reserve for the same amount have been recorded as there is no change in the net assets of the group. This debit is not a loss as a matter of law.
[8] Consideration for the Main Horlicks Acquisition included the issuance of shares in a group subsidiary, Hindustan Unilever Limited, which resulted in a net gain being recognised within equity. See note 21 for further details.