XML 413 R51.htm IDEA: XBRL DOCUMENT v3.22.4

Capital and funding (Tables)

12 Months Ended

Dec. 31, 2022

Equity and liabilities [abstract]

Summary of Share Capital

			£ million			£ million
Unilever PLC			2022			2021
PLC ordinary shares of 31/9 p each(a)			81.8			81.8

Unilever Group			€ million			€ million
Euro equivalent in millions(b)			91			92

(a)At 31 December 2022, 2,629,243,772 (2021: 2,629,243,772) of PLC ordinary shares were in issue.

(b) The ordinary share capital of PLC is translated using the conversion rate as at the date of Unification of £1 = €1.121.

Summary of 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			2022			2021
Non-current assets			6,354			6,616
Current assets			1,604			1,454
Current liabilities			(1,258)			(1,212)
Non-current liabilities			(1,152)			(1,231)
HUL comprehensive income for the year ended 31 December
Turnover			6,828			5,581
Profit after tax			1,190			977
Total comprehensive income			940			1,334

			€ million			€ million
HUL cash flow for the year ended 31 December			2022			2021
Net increase/(decrease) in cash and cash-equivalents			95			(176)
HUL non-controlling interest
1 January			(2,146)			(1,978)
Share of (profit)/loss for the year ended 31 December			(454)			(372)
Other comprehensive income			(3)			(3)
Dividend paid to the non-controlling interest			395			326
Currency translation			97			(131)
Other movements in equity			(4)			12
31 December			(2,115)			(2,146)

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

			€ million			€ million			€ million
			Total 2022			Total 2021			Total 2020
Fair value reserves – see following table			329			502			250
Currency retranslation of group companies – see following table			(5,803)			(6,043)			(7,068)
Capital redemption reserve			21			21			21
Book value of treasury shares – see following table			(282)			(388)			(483)
Repurchase of shares			(4,527)			(3,018)			–
Other(a)			(542)			(284)			(202)
			(10,804)			(9,210)			(7,482)

(a)Relates primarily to options to purchase non-controlling interest in subsidiaries.

Summary of Treasury Shares Movements

			€ million			€ million
Treasury shares – movements during the year			2022			2021
1 January			(3,406)			(483)
Repurchase of shares			(1,509)			(3,018)
Other purchases and utilisations			106			95
31 December			(4,809)			(3,406)

Disclosure of Currency Retranslation Reserve

			€ million			€ million
Currency retranslation reserves – movements during the year			2022			2021
1 January			(6,043)			(7,068)
Currency retranslation of group companies net assets and liabilities during the year			212			176
Movement in net investment hedges and exchange differences in net investments in foreign operations			28			849
31 December			(5,803)			(6,043)

Disclosure of Fair Value Reserve

			€ million			€ million
Fair value reserves – movements during the year			2022			2021
1 January			502			250
Movements in Other comprehensive income, net of tax
Gains/(losses) on equity instruments			45			147
Gains/(losses) on cash flow hedges			(92)			276
Hedging gains/(losses) transferred to non-financial assets			(126)			(171)
31 December			329			502

Refer to the consolidated statement of comprehensive income on page 150, the consolidated statement of changes in equity on page 151, and note 6C on page 171.

Disclosure of Remeasurement of Defined Benefit Pension Plans Net of Tax

Remeasurement of defined benefit pension plans net of tax

			€ million			€ million
			2022			2021
1 January			803			(931)
Movement during the year			(473)			1,734
31 December			330			803

Refer to the consolidated statement of comprehensive income on page 150, the consolidated statement of changes in equity on page 151, note 4B from pages 162 to 167 and note 6C on page 171.

Disclosure of Currency Retranslation Gains (Losses)

			€ million			€ million
			2022			2021
1 January			(6,497)			(7,674)
Currency retranslation during the year:
Other reserves			240			1,025
Retained profit			487			3
Non-controlling interest			(113)			149
31 December			(5,883)			(6,497)

Summary of Financial Liabilities

			€ million			€ million			€ million			€ million			€ million			€ million
Financial liabilities(a)			Current 2022			Non-Current 2022			Total 2022			Current 2021			Non-Current 2021			Total 2021
Bank loans and overdrafts(b)			508			11			519			383			19			402
Bonds and other loans			4,723			21,789			26,512			6,313			21,308			27,621
Lease liabilities			340			1,068			1,408			365			1,284			1,649
Derivatives			102			529			631			85			99			184
Other financial liabilities(c)			102			316			418			106			171			277
			5,775			23,713			29,488			7,252			22,881			30,133

(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)Bank loans and overdrafts include €4 million (2021: Nil) of secured liabilities.

(c)Includes options and financial liabilities to acquire non-controlling interests in Myanmar, the US, Italy and Hong Kong, refer to note 21.

Disclosure of Reconciliation of Liabilities Arising from Financing Activities

Reconciliation of liabilities arising from financing activities

									Non-cash movement
Movements in 2022 and 2021			Opening balance at 1 January			Cash movement			Business acquisi- tions/ disposals			Foreign exchange changes			Fair value changes			Other movements(c)			Closing balance at 31 December
			€ million			€ million			€ million			€ million			€ million			€ million			€ million
2022
Bank loans and overdrafts(a)			(402)			(129)			–			29			–			(17)			(519)
Bonds and other loans(a)			(27,621)			1,343			–			(727)			490			3			(26,512)
Lease liabilities(b)			(1,649)			546			–			12			–			(317)			(1,408)
Derivatives			(184)			–			–			(2)			(448)			3			(631)
Other financial liabilities(a)			(277)			4			–			17			108			(270)			(418)
Total			(30,133)			1,764			–			(671)			150			(598)			(29,488)
2021
Bank loans and overdrafts(a)			(411)			(16)			(2)			–			–			27			(402)
Bonds and other loans(a)			(24,585)			(1,877)			–			(1,145)			37			(51)			(27,621)
Lease liabilities(b)			(1,771)			471			(5)			(65)			–			(279)			(1,649)
Derivatives			(315)			–			–			(3)			124			10			(184)
Other financial liabilities(a)			(223)			–			–			13			–			(67)			(277)
Total			(27,305)			(1,422)			(7)			(1,200)			161			(360)			(30,133)

(a)These cash movements are included within the following lines in the consolidated cash flow statement: net change in short-term borrowings, additional financial liabilities and repayment of financial liabilities. The difference of €9 million (2021: €39 million) represents cash movements in overdrafts that are not included in financing cash flows.

(b)Lease liabilities cash movement is included within capital element of lease payments in the consolidated cash flow statement. The difference of €28 million (2021: €7 million) represents gain or loss from termination and modification of lease contracts.

(c)Other movements includes financial liabilities of Nil (2021: €80 million), classified as held for sale, refer to note 22 for further details.

Summary of Analysis of Bonds and Other Loans

Analysis of bonds and other loans

€ million			Total 2022			Total 2021
Unilever PLC
1.125% Notes 2022 (£)			–			417
1.375% Notes 2024 (£)			282			298
1.875% Notes 2029 (£)			281			296
1.500% Notes 2026 (£)			563			592
1.500% Notes 2039 (€)			646			647
2.125% Notes 2028 (£)(a)			300			–
Commercial Paper (£)			–			238
Total PLC			2,072			2,488
Other group companies
The Netherlands
1.625% Notes 2033 (€)			794			793
0.500% Notes 2022 (€)			–			750
1.375% Notes 2029 (€)			745			745
1.125% Bonds 2027 (€)			698			697
1.125% Bonds 2028 (€)			696			695
0.875% Notes 2025 (€)			649			648
0.500% Bonds 2025 (€)			648			646
1.375% Notes 2030 (€)			644			644
0.375% Notes 2023 (€)			600			600
1.000% Notes 2027 (€)			599			598
1.000% Notes 2023 (€)			500			499
0.500% Notes 2023 (€)			500			499
0.500% Notes 2024 (€)			498			497
1.250% Notes 2025 (€)			999			999
1.750% Notes 2030 (€)			995			995
1.250% Notes 2031 (€)(a)			539			–
2.250% Notes 2034 (€)(a)			735			–
0.750% Notes 2026 (€)(a)			458			–
1.750% Notes 2028 (€)			645			–
Commercial Paper (US $)			–			1,320
Switzerland
Other			81			27
United States
5.900% Bonds 2032 (US $)			932			875
2.900% Notes 2027 (US $)			930			873
2.200% Notes 2022 (US $)			–			750
3.500% Notes 2028 (US $)			742			697
2.000% Notes 2026 (US $)			651			612
3.125% Notes 2023 (US $)			516			484
3.000% Notes 2022 (US $)			–			441
3.250% Notes 2024 (US $)			468			440
3.100% Notes 2025 (US $)			467			439
2.600% Notes 2024 (US $)			468			439
3.500% Bonds 2028 (US $)			465			437
3.375% Notes 2025 (US $)			327			307
7.250% Bonds 2026 (US $)			276			259
6.625% Bonds 2028 (US $)			221			206
5.600% Bonds 2097 (US $)			86			80
2.125% Notes 2029 (US $)			790			743
2.600% Notes 2024 (US $)			473			448
1.375% Notes 2030 (US $)(a)			368			409
0.375% Notes 2023 (US $)			469			441
0.626% Notes 2024 (US $)			469			441
2.625% Notes 2051 (US $)			598			563
1.750% Notes 2031 (US $)(a)			644			727
Commercial Paper (US $)			2,057			2,370
Total other group companies			24,440			25,133
Total bonds and other loans			26,512			27,621

(a)Bonds includes €(537) million (2021: €(47)million) fair value adjustment following the fair value hedge accounting of fixed-for-floating interest rate swaps.

X

- Definition

The disclosure of detailed information about borrowings. [Refer: Borrowings]

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name IFRS
-Number 7
-IssueDate 2021-01-01
-Paragraph 7
-URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2021-en-r&anchor=para_7&doctype=Standard
-URIDate 2021-03-24

+ Details

Name:	ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsExplanatory
Namespace Prefix:	ifrs-full_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The disclosure of financial liabilities. [Refer: Financial liabilities]

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 7
-IssueDate 2021-01-01
-Paragraph 7
-URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2021-en-r&anchor=para_7&doctype=Standard
-URIDate 2021-03-24

+ Details

Name:	ifrs-full_DisclosureOfFinancialLiabilitiesExplanatory
Namespace Prefix:	ifrs-full_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The disclosure of the reconciliation of liabilities arising from financing activities. [Refer: Liabilities arising from financing activities]

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Name IAS
-Number 7
-IssueDate 2021-01-01
-Paragraph 44D
-URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=7&code=ifrs-tx-2021-en-r&anchor=para_44D&doctype=Standard
-URIDate 2021-03-24

+ Details

Name:	ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesExplanatory
Namespace Prefix:	ifrs-full_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The disclosure of reserves within equity. [Refer: Other reserves [member]]

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IAS
-Number 1
-IssueDate 2021-01-01
-Paragraph 79
-Subparagraph b
-URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2021-en-r&anchor=para_79_b&doctype=Standard
-URIDate 2021-03-24

+ Details

Name:	ifrs-full_DisclosureOfReservesAndOtherEquityInterestExplanatory
Namespace Prefix:	ifrs-full_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The disclosure of treasury shares. [Refer: Treasury shares]

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name IAS
-Number 1
-IssueDate 2021-01-01
-Paragraph 10
-Subparagraph e
-URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2021-en-r&anchor=para_10_e&doctype=Standard
-URIDate 2021-03-24

+ Details

Name:	ifrs-full_DisclosureOfTreasurySharesExplanatory
Namespace Prefix:	ifrs-full_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	ifrs-full_EquityAndLiabilitiesAbstract
Namespace Prefix:	ifrs-full_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Disclosure of currency retranslation gains/(losses).

+ References

No definition available.

+ Details

Name:	ul_DisclosureOfCurrencyRetranslationGainsLossesTableTextBlock
Namespace Prefix:	ul_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Disclosure of currency retranslation reserve.

+ References

No definition available.

+ Details

Name:	ul_DisclosureOfCurrencyRetranslationReserveTableTextBlock
Namespace Prefix:	ul_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Disclosure Of Detailed Information About Authorised And Issued Share Capital Explanatory

+ References

No definition available.

+ Details

Name:	ul_DisclosureOfDetailedInformationAboutAuthorisedAndIssuedShareCapitalExplanatoryTableTextBlock
Namespace Prefix:	ul_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Disclosure of fair value reserve.

+ References

No definition available.

+ Details

Name:	ul_DisclosureOfFairValueReserveTableTextBlock
Namespace Prefix:	ul_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Disclosure of remeasurement of defined benefit pension plans net of tax.

+ References

No definition available.

+ Details

Name:	ul_DisclosureOfRemeasurementOfDefinedBenefitPensionPlansNetOfTaxTableTextBlock
Namespace Prefix:	ul_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Disclosure of subsidiaries with significant non controlling interests.

+ References

No definition available.

+ Details

Name:	ul_DisclosureOfSubsidiariesWithSignificantNonControllingInterestsTableTextBlock
Namespace Prefix:	ul_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration