XML 431 R31.htm IDEA: XBRL DOCUMENT v3.24.0.1

Related party transactions

12 Months Ended

Dec. 31, 2023

Disclosure of transactions between related parties [abstract]

Related party transactions

23. Related party transactions

A related party is a person or entity that is related to the Group. These include both people and entities that have, or are subject to, the influence or control of the Group.

Joint ventures

The following related party balances existed with joint venture businesses at 31 December:

			€ million			€ million
			2023			2022
Related party balances			Total			Total
Sales to joint ventures			1,144			1,158
Purchases from joint ventures			134			134
Receivables from joint ventures			99			78
Payables to joint ventures			111			33
Loans to joint ventures			219			226
Royalties and service fees			19			22

Significant joint ventures are Unilever FIMA LDA in Portugal, Binzagr Unilever Distribution in the Middle East, the Pepsi Lipton Tea Partnership in the US and Pepsi Lipton International Ltd for the rest of the world.

Associates

There are no trading balances due to or from associates.

Langholm Capital II was launched in 2009 and liquidated during 2023. Unilever had invested €65 million in Langholm II, and all outstanding balances and commitments have been closed.

X

- Definition

The entire disclosure for related parties.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IAS
-Number 24
-IssueDate 2023-01-01
-Section Disclosures
-URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=24&code=ifrs-tx-2023-en-r&doctype=Standard&dita_xref=IAS24_g13-24_TI
-URIDate 2023-03-23

+ Details

Name:	ifrs-full_DisclosureOfRelatedPartyExplanatory
Namespace Prefix:	ifrs-full_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

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