UNILEVER PLC
|
/S/ T.E. LOVELL
By T.E. LOVELL
SECRETARY
|
CONTINUED CONSISTENT PERFORMANCE IN CHALLENGING MARKETS
|
· Turnover increased by 12% to €27.0 billion including a positive currency impact of 10%
|
· Underlying sales growth 2.9% with volume up 1.1% and price up 1.7%
|
· Emerging markets underlying sales growth 6.0% with volume up 1.9% and price up 4.0%
|
· Core operating margin at 14.5% up 50bps
|
· Core operating profit up 16%, operating profit down 13% reflecting profits on disposals in 2014
|
· Core earnings per share up 16% to €0.91 including a positive currency impact of 8%
|
· Underlying sales growth 2.9% with underlying volume growth 1.3% and price up 1.5%
|
Paul Polman: Chief Executive Officer statement
|
Key Financials (unaudited)
Current Rates
|
First Half 2015
|
|
Underlying Sales Growth (*)
|
2.9%
|
|
Turnover
|
€27.0bn
|
+12%
|
Operating Profit
|
€3.8bn
|
-13%
|
Net Profit
|
€2.7bn
|
-11%
|
Core earnings per share (*)
|
€0.91
|
+16%
|
Diluted earnings per share
|
€0.87
|
-10%
|
Quarterly dividend payable in September 2015 €0.302 per share
|
FIRST HALF OPERATIONAL REVIEW: CATEGORIES
|
Second Quarter 2015
|
First Half 2015
|
||||||||
(unaudited)
|
Turnover
|
USG
|
UVG
|
UPG
|
Turnover
|
USG
|
UVG
|
UPG
|
Change in core operating margin
|
€bn
|
%
|
%
|
%
|
€bn
|
%
|
%
|
%
|
bps
|
|
Unilever Total
|
14.2
|
2.9
|
1.3
|
1.5
|
27.0
|
2.9
|
1.1
|
1.7
|
50
|
Personal Care
|
5.1
|
3.3
|
1.8
|
1.5
|
9.9
|
3.0
|
1.0
|
2.0
|
(20)
|
Foods
|
3.2
|
-
|
0.1
|
(0.1)
|
6.4
|
1.4
|
1.5
|
(0.1)
|
30
|
Refreshment
|
3.2
|
2.9
|
(0.7)
|
3.7
|
5.5
|
2.7
|
(0.5)
|
3.3
|
60
|
Home Care
|
2.7
|
5.9
|
4.6
|
1.2
|
5.2
|
4.5
|
2.7
|
1.7
|
220
|
FIRST HALF OPERATIONAL REVIEW: GEOGRAPHICAL AREA
|
Second Quarter 2015
|
First Half 2015
|
||||||||
(unaudited)
|
Turnover
|
USG
|
UVG
|
UPG
|
Turnover
|
USG
|
UVG
|
UPG
|
Change in core operating margin
|
€bn
|
%
|
%
|
%
|
€bn
|
%
|
%
|
%
|
bps
|
|
Unilever Total
|
14.2
|
2.9
|
1.3
|
1.5
|
27.0
|
2.9
|
1.1
|
1.7
|
50
|
Asia/AMET/RUB
|
5.9
|
3.4
|
1.6
|
1.8
|
11.4
|
3.4
|
1.6
|
1.8
|
(10)
|
The Americas
|
4.6
|
5.7
|
1.0
|
4.6
|
8.8
|
5.3
|
0.4
|
4.9
|
(40)
|
Europe
|
3.7
|
(0.9)
|
1.2
|
(2.1)
|
6.8
|
(0.7)
|
1.4
|
(2.0)
|
270
|
Second Quarter 2015
|
First Half 2015
|
|||||||
(unaudited)
|
Turnover
|
USG
|
UVG
|
UPG
|
Turnover
|
USG
|
UVG
|
UPG
|
€bn
|
%
|
%
|
%
|
€bn
|
%
|
%
|
%
|
|
Developed markets
|
6.0
|
(1.8)
|
-
|
(1.8)
|
11.2
|
(1.3)
|
0.1
|
(1.4)
|
Emerging markets
|
8.2
|
6.5
|
2.4
|
4.1
|
15.8
|
6.0
|
1.9
|
4.0
|
North America
|
2.3
|
(2.2)
|
(1.3)
|
(0.9)
|
4.4
|
(0.9)
|
(0.9)
|
-
|
Latin America
|
2.3
|
13.3
|
3.3
|
9.7
|
4.4
|
11.2
|
1.6
|
9.4
|
€ million
|
First Half
|
|
(unaudited)
|
2015
|
2014
|
Net profit
|
2,658
|
2,995
|
Taxation
|
950
|
1,223
|
Share of net profit of joint ventures/associates and other income
|
||
from non-current investments and associates
|
(83)
|
(98)
|
Net finance costs
|
269
|
259
|
Operating Profit
|
3,794
|
4,379
|
Depreciation, amortisation and impairment
|
666
|
842
|
Changes in working capital
|
(915)
|
(1,089)
|
Pensions and similar obligations less payments
|
(283)
|
(195)
|
Provisions less payments
|
(111)
|
84
|
Elimination of (profits)/losses on disposals
|
3
|
(1,421)
|
Non-cash charge for share-based payments
|
84
|
118
|
Other adjustments
|
(5)
|
20
|
Cash flow from operating activities
|
3,233
|
2,738
|
Income tax paid
|
(987)
|
(994)
|
Net capital expenditure
|
(844)
|
(789)
|
Net interest and preference dividends paid
|
(276)
|
(197)
|
Free cash flow
|
1,126
|
758
|
Net cash flow (used in)/from investing activities
|
(1,205)
|
895
|
Net cash flow (used in)/from financing activities
|
(71)
|
(1,494)
|
€ million
|
First Half
|
|
(unaudited)
|
2015
|
2014
|
Operating profit
|
3,794
|
4,379
|
Non-core items (see note 2)
|
108
|
(1,012)
|
Core operating profit
|
3,902
|
3,367
|
Turnover
|
26,991
|
24,098
|
Operating margin (%)
|
14.1
|
18.2
|
Core operating margin (%)
|
14.5
|
14.0
|
€ million
|
As at
30 June
2015
|
As at
31 December
2014
|
As at
30 June
2014
|
(unaudited)
|
|||
Total financial liabilities
|
(15,382)
|
(12,722)
|
(13,436)
|
Current financial liabilities:
|
(6,415)
|
(5,536)
|
(5,705)
|
Non-current financial liabilities
|
(8,967)
|
(7,186)
|
(7,731)
|
Cash and cash equivalents as per balance sheet
|
2,710
|
2,151
|
3,419
|
Cash and cash equivalents as per cash flow statement
|
2,424
|
1,910
|
3,090
|
Add bank overdrafts deducted therein
|
286
|
241
|
329
|
Other financial assets
|
868
|
671
|
744
|
Net debt
|
(11,804)
|
(9,900)
|
(9,273)
|
Media:
|
Investors: Investor Relations Team
|
||||
UK
or
or
NL
or
|
+44 7917 271 819
+44 20 7822 6404
+44 7825 049 163
+31 10 217 4844
+31 10 217 4844
|
treeva.fenwick@unilever.com
helen.dodd@unilever.com
laura.misselbrook@unilever.com
els-de.bruin@unilever.com
thor.tummers@unilever.com
|
+44 20 7822 6830
|
investor.relations@unilever.com
|
|
€ million
|
First Half
|
|||
2015
|
2014
|
Increase/
(Decrease)
|
||
Current
rates
|
Constant
rates
|
|||
Turnover
|
26,991
|
24,098
|
12.0%
|
1.8%
|
Operating profit
|
3,794
|
4,379
|
(13)%
|
(20)%
|
After (charging)/crediting non-core items
|
(108)
|
1,012
|
||
Net finance costs
|
(269)
|
(259)
|
||
Finance income
|
72
|
61
|
||
Finance costs
|
(281)
|
(273)
|
||
Pensions and similar obligations
|
(60)
|
(47)
|
||
Share of net profit/(loss) of joint ventures and associates
|
57
|
61
|
||
Other income/(loss) from non-current investments and associates
|
26
|
37
|
||
Profit before taxation
|
3,608
|
4,218
|
(14)%
|
(21)%
|
Taxation
|
(950)
|
(1,223)
|
||
Net profit
|
2,658
|
2,995
|
(11)%
|
(18)%
|
Attributable to:
|
||||
Non-controlling interests
|
169
|
177
|
||
Shareholders' equity
|
2,489
|
2,818
|
(12)%
|
(18)%
|
Combined earnings per share
|
||||
Basic earnings per share (euros)
|
0.88
|
0.99
|
(12)%
|
(17)%
|
Diluted earnings per share (euros)
|
0.87
|
0.97
|
(10)%
|
(16)%
|
€ million
|
First Half
|
|
2015
|
2014
|
|
Net profit
|
2,658
|
2,995
|
Other comprehensive income
|
||
Items that will not be reclassified to profit or loss:
|
||
Remeasurements of defined benefit pension plans net of tax
|
679
|
(489)
|
Items that may be reclassified subsequently to profit or loss:
|
||
Currency retranslation gains/(losses) net of tax
Fair value gains/(losses) on financial instruments net of tax
|
249
39
|
11
(62)
|
Total comprehensive income
|
3,625
|
2,455
|
Attributable to:
|
||
Non-controlling interests
|
206
|
191
|
Shareholders' equity
|
3,419
|
2,264
|
€ million
|
Called up share capital
|
Share premium account
|
Other reserves
|
Retained profit
|
Total
|
Non- controlling interest
|
Total equity
|
||||
First half - 2015
|
|||||||||||
1 January 2015
|
484
|
145
|
(7,538)
|
20,560
|
13,651
|
612
|
14,263
|
||||
Profit or loss for the period
|
-
|
-
|
-
|
2,489
|
2,489
|
169
|
2,658
|
||||
Other comprehensive income net of tax:
|
|||||||||||
Fair value gains/(losses) on financial instruments
|
-
|
-
|
39
|
-
|
39
|
-
|
39
|
||||
Remeasurements of defined benefit pension plans net of tax
|
-
|
-
|
-
|
679
|
679
|
-
|
679
|
||||
Currency retranslation gains/(losses)
|
-
|
-
|
211
|
1
|
212
|
37
|
249
|
||||
Total comprehensive income
|
-
|
-
|
250
|
3,169
|
3,419
|
206
|
3,625
|
||||
Dividends on ordinary capital
|
-
|
-
|
-
|
(1,687)
|
(1,687)
|
-
|
(1,687)
|
||||
Movements in treasury stock(a)
|
-
|
-
|
108
|
(242)
|
(134)
|
-
|
(134)
|
||||
Share-based payment credit(b)
|
-
|
-
|
-
|
84
|
84
|
-
|
84
|
||||
Dividends paid to non-controlling interests
|
-
|
-
|
-
|
-
|
-
|
(192)
|
(192)
|
||||
Currency retranslation gains/(losses) net of tax
|
-
|
11
|
-
|
-
|
11
|
(1)
|
10
|
||||
Other movements in equity
|
-
|
-
|
(11)
|
(68)
|
(79)
|
(5)
|
(84)
|
||||
30 June 2015
|
484
|
156
|
(7,191)
|
21,816
|
15,265
|
620
|
15,885
|
||||
First half - 2014
|
|||||||||||
1 January 2014
|
484
|
138
|
(6,746)
|
20,468
|
14,344
|
471
|
14,815
|
||||
Profit or loss for the period
|
-
|
-
|
-
|
2,818
|
2,818
|
177
|
2,995
|
||||
Other comprehensive income net of tax:
|
|||||||||||
Fair value gains/(losses) on financial instruments
|
-
|
-
|
(62)
|
-
|
(62)
|
-
|
(62)
|
||||
Remeasurements of defined benefit pension plans net of tax
|
-
|
-
|
-
|
(491)
|
(491)
|
2
|
(489)
|
||||
Currency retranslation gains/(losses)
|
-
|
-
|
(110)
|
109
|
(1)
|
12
|
11
|
||||
Total comprehensive income
|
-
|
-
|
(172)
|
2,436
|
2,264
|
191
|
2,455
|
||||
Dividends on ordinary capital
|
-
|
-
|
-
|
(1,580)
|
(1,580)
|
-
|
(1,580)
|
||||
Movements in treasury stock(a)
|
-
|
-
|
(105)
|
(148)
|
(253)
|
-
|
(253)
|
||||
Share-based payment credit(b)
|
-
|
-
|
-
|
117
|
117
|
-
|
117
|
||||
Dividends paid to non-controlling interests
|
-
|
-
|
-
|
-
|
-
|
(168)
|
(168)
|
||||
Currency retranslation gains/(losses) net of tax
|
-
|
4
|
-
|
-
|
4
|
(4)
|
-
|
||||
Other movements in equity(c)
|
-
|
-
|
(159)
|
(845)
|
(1,004)
|
87
|
(917)
|
||||
30 June 2014
|
484
|
142
|
(7,182)
|
20,448
|
13,892
|
577
|
14,469
|
||||
|
|
|
(a) Includes purchases and sales of treasury stock, and transfer from treasury stock to retained profit of share-settled schemes arising from prior years and differences between exercise and grant price of share options.
|
|
(b) 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.
|
|
(c) 2014 includes the impact of the purchase of Estate shares.
|
€ million
|
As at
30 June
2015
|
As at
31 December
2014
|
As at
30 June
2014
|
Non-current assets
|
|||
Goodwill
|
15,414
|
14,642
|
14,050
|
Intangible assets
|
8,472
|
7,532
|
7,041
|
Property, plant and equipment
|
11,067
|
10,472
|
9,639
|
Pension asset for funded schemes in surplus
|
1,024
|
376
|
810
|
Deferred tax assets
|
1,163
|
1,286
|
1,181
|
Financial assets
|
617
|
715
|
478
|
Other non-current assets
|
762
|
657
|
620
|
38,519
|
35,680
|
33,819
|
|
Current assets
|
|||
Inventories
|
4,588
|
4,168
|
4,328
|
Trade and other current receivables
|
6,368
|
5,029
|
6,176
|
Current tax assets
|
296
|
281
|
259
|
Cash and cash equivalents
|
2,710
|
2,151
|
3,419
|
Other financial assets
|
868
|
671
|
744
|
Non-current assets held for sale
|
37
|
47
|
76
|
14,867
|
12,347
|
15,002
|
|
Total assets
|
53,386
|
48,027
|
48,821
|
Current liabilities
|
|||
Financial liabilities
|
6,415
|
5,536
|
5,705
|
Trade payables and other current liabilities
|
13,999
|
12,606
|
12,654
|
Current tax liabilities
|
1,121
|
1,081
|
1,654
|
Provisions
|
304
|
418
|
430
|
Liabilities associated with assets held for sale
|
1
|
1
|
1
|
21,840
|
19,642
|
20,444
|
|
Non-current liabilities
|
|||
Financial liabilities
|
8,967
|
7,186
|
7,731
|
Non-current tax liabilities
|
170
|
161
|
81
|
Pensions and post-retirement healthcare liabilities:
|
|||
Funded schemes in deficit
|
1,787
|
2,222
|
1,752
|
Unfunded schemes
|
1,782
|
1,725
|
1,585
|
Provisions
|
899
|
916
|
1,004
|
Deferred tax liabilities
|
1,785
|
1,534
|
1,447
|
Other non-current liabilities
|
271
|
378
|
308
|
15,661
|
14,122
|
13,908
|
|
Total liabilities
|
37,501
|
33,764
|
34,352
|
Equity
|
|||
Shareholders' equity
|
15,265
|
13,651
|
13,892
|
Non-controlling interests
|
620
|
612
|
577
|
Total equity
|
15,885
|
14,263
|
14,469
|
Total liabilities and equity
|
53,386
|
48,027
|
48,821
|
€ million
|
First Half
|
|
2015
|
2014
|
|
Net profit
|
2,658
|
2,995
|
Taxation
|
950
|
1,223
|
Share of net profit of joint ventures/associates and other income
|
||
from non-current investments and associates
|
(83)
|
(98)
|
Net finance costs
|
269
|
259
|
Operating profit
|
3,794
|
4,379
|
Depreciation, amortisation and impairment
|
666
|
842
|
Changes in working capital
|
(915)
|
(1,089)
|
Pensions and similar obligations less payments
|
(283)
|
(195)
|
Provisions less payments
|
(111)
|
84
|
Elimination of (profits)/losses on disposals
|
3
|
(1,421)
|
Non-cash charge for share-based compensation
|
84
|
118
|
Other adjustments
|
(5)
|
20
|
Cash flow from operating activities
|
3,233
|
2,738
|
Income tax paid
|
(987)
|
(994)
|
Net cash flow from operating activities
|
2,246
|
1,744
|
Interest received
|
56
|
61
|
Net capital expenditure
|
(844)
|
(789)
|
Other acquisitions and disposals
|
(405)
|
1,577
|
Other investing activities
|
(12)
|
46
|
Net cash flow (used in)/from investing activities
|
(1,205)
|
895
|
Dividends paid on ordinary share capital
|
(1,687)
|
(1,577)
|
Interest and preference dividends paid
|
(332)
|
(258)
|
Purchase of Estate shares
|
-
|
(880)
|
Change in financial liabilities
|
2,164
|
1,557
|
Other movements on treasury stock
|
(138)
|
(256)
|
Other financing activities
|
(78)
|
(80)
|
Net cash flow (used in)/from financing activities
|
(71)
|
(1,494)
|
Net increase/(decrease) in cash and cash equivalents
|
970
|
1,145
|
Cash and cash equivalents at the beginning of the period
|
1,910
|
2,044
|
Effect of foreign exchange rate changes
|
(456)
|
(99)
|
Cash and cash equivalents at the end of the period
|
2,424
|
3,090
|
€ million
|
First Half
|
|
2015
|
2014
|
|
Acquisition and disposal related costs
|
(32)
|
(60)
|
Gain/(loss) on disposal of group companies(a)
|
8
|
1,390
|
Impairments and other one-off items(b)
|
(84)
|
(318)
|
Non-core items before tax
|
(108)
|
1,012
|
Tax impact of non-core items
|
2
|
(470)
|
Non-core items after tax
|
(106)
|
542
|
Attributable to:
|
||
Non-controlling interests
|
-
|
-
|
Shareholders' equity
|
(106)
|
542
|
|
(a) 2014 includes gain of €1,316 million from the disposal of the Ragu & Bertolli brands and related assets.
|
|
(b) 2015 relates to foreign exchange loss resulting from remeasurement of the Venezuelan business. 2014 relates to impairment charge recognised on assets related to the Slim.Fast business.
|
€ million
|
First Half
|
|
2015
|
2014
|
|
Net profit attributable to shareholders' equity
|
2,489
|
2,818
|
Post tax impact of non-core items
|
106
|
(542)
|
Core profit attributable to shareholders' equity
|
2,595
|
2,276
|
Second Quarter
|
Personal
Care
|
Foods
|
Refreshment
|
Home
Care
|
Total
|
Turnover (€ million)
|
|||||
2014
|
4,400
|
3,105
|
2,872
|
2,318
|
12,695
|
2015
|
5,099
|
3,232
|
3,233
|
2,623
|
14,187
|
Change (%)
|
15.9
|
4.1
|
12.6
|
13.2
|
11.8
|
Impact of:
|
|||||
Exchange rates (%)
|
12.1
|
8.4
|
9.3
|
7.0
|
9.6
|
Acquisitions (%)
|
0.1
|
-
|
1.2
|
-
|
0.3
|
Disposals (%)
|
-
|
(3.9)
|
(1.2)
|
(0.2)
|
(1.2)
|
Underlying sales growth (%)
|
3.3
|
-
|
2.9
|
5.9
|
2.9
|
Price (%)
|
1.5
|
(0.1)
|
3.7
|
1.2
|
1.5
|
Volume (%)
|
1.8
|
0.1
|
(0.7)
|
4.6
|
1.3
|
First Half
|
Personal
Care
|
Foods
|
Refreshment
|
Home
Care
|
Total
|
Turnover (€ million)
|
|||||
2014
|
8,554
|
6,124
|
4,939
|
4,481
|
24,098
|
2015
|
9,888
|
6,441
|
5,512
|
5,150
|
26,991
|
Change (%)
|
15.6
|
5.2
|
11.6
|
14.9
|
12.0
|
Impact of:
|
|||||
Exchange rates (%)
|
12.2
|
8.7
|
8.5
|
9.6
|
10.1
|
Acquisitions (%)
|
0.1
|
-
|
1.3
|
0.5
|
0.4
|
Disposals (%)
|
-
|
(4.6)
|
(1.2)
|
(0.1)
|
(1.5)
|
Underlying sales growth (%)
|
3.0
|
1.4
|
2.7
|
4.5
|
2.9
|
Price (%)
|
2.0
|
(0.1)
|
3.3
|
1.7
|
1.7
|
Volume (%)
|
1.0
|
1.5
|
(0.5)
|
2.7
|
1.1
|
Operating profit (€ million)
|
|||||
2014
|
1,509
|
2,431
|
212
|
227
|
4,379
|
2015
|
1,704
|
1,159
|
556
|
375
|
3,794
|
Core operating profit (€ million)
|
|||||
2014
|
1,532
|
1,097
|
509
|
229
|
3,367
|
2015
|
1,751
|
1,175
|
602
|
374
|
3,902
|
Operating margin (%)
|
|||||
2014
|
17.6
|
39.7
|
4.3
|
5.1
|
18.2
|
2015
|
17.2
|
18.0
|
10.1
|
7.3
|
14.1
|
Core operating margin (%)
|
|||||
2014
|
17.9
|
17.9
|
10.3
|
5.1
|
14.0
|
2015
|
17.7
|
18.2
|
10.9
|
7.3
|
14.5
|
Second Quarter
|
Asia /
AMET /
RUB
|
The
Americas
|
Europe
|
Total
|
Turnover (€ million)
|
||||
2014
|
5,107
|
3,993
|
3,595
|
12,695
|
2015
|
5,950
|
4,602
|
3,635
|
14,187
|
Change (%)
|
16.5
|
15.2
|
1.1
|
11.8
|
Impact of:
|
||||
Exchange rates (%)
|
12.7
|
11.6
|
2.8
|
9.6
|
Acquisitions (%)
|
-
|
1.0
|
-
|
0.3
|
Disposals (%)
|
(0.1)
|
(3.2)
|
(0.7)
|
(1.2)
|
Underlying sales growth (%)
|
3.4
|
5.7
|
(0.9)
|
2.9
|
Price (%)
|
1.8
|
4.6
|
(2.1)
|
1.5
|
Volume (%)
|
1.6
|
1.0
|
1.2
|
1.3
|
First Half
|
Asia /
AMET /
RUB
|
The
Americas
|
Europe
|
Total
|
Turnover (€ million)
|
||||
2014
|
9,748
|
7,639
|
6,711
|
24,098
|
2015
|
11,449
|
8,769
|
6,773
|
26,991
|
Change (%)
|
17.4
|
14.8
|
0.9
|
12.0
|
Impact of:
|
||||
Exchange rate (%)
|
13.4
|
12.1
|
2.7
|
10.1
|
Acquisitions (%)
|
0.2
|
0.9
|
-
|
0.4
|
Disposals (%)
|
(0.1)
|
(3.6)
|
(1.0)
|
(1.5)
|
Underlying sales growth (%)
|
3.4
|
5.3
|
(0.7)
|
2.9
|
Price (%)
|
1.8
|
4.9
|
(2.0)
|
1.7
|
Volume (%)
|
1.6
|
0.4
|
1.4
|
1.1
|
Operating profit (€ million)
|
||||
2014
|
1,376
|
1,996
|
1,007
|
4,379
|
2015
|
1,581
|
1,035
|
1,178
|
3,794
|
Core operating profit (€ million)
|
||||
2014
|
1,354
|
1,029
|
984
|
3,367
|
2015
|
1,580
|
1,145
|
1,177
|
3,902
|
Operating margin (%)
|
||||
2014
|
14.1
|
26.1
|
15.0
|
18.2
|
2015
|
13.8
|
11.8
|
17.4
|
14.1
|
Core operating margin (%)
|
||||
2014
|
13.9
|
13.5
|
14.7
|
14.0
|
2015
|
13.8
|
13.1
|
17.4
|
14.5
|
€ million
|
First Half 2015
|
First Half 2014
|
||||
Before
tax
|
Tax
(charge)/
credit
|
After
tax
|
Before
tax
|
Tax
(charge)/
credit
|
After
tax
|
|
Fair value gains/(losses) on financial instruments
|
41
|
(2)
|
39
|
(76)
|
14
|
(62)
|
Remeasurements of defined benefit pension plans
|
958
|
(279)
|
679
|
(654)
|
165
|
(489)
|
Currency retranslation gains/(losses)
|
234
|
15
|
249
|
5
|
6
|
11
|
Other comprehensive income
|
1,233
|
(266)
|
967
|
(725)
|
185
|
(540)
|
2015
|
2014
|
|
Combined EPS - Basic
|
||
Net profit attributable to shareholders' equity (€ million)
|
2,489
|
2,818
|
Average number of combined share units (millions of units)
|
2,841.0
|
2,843.7
|
Combined EPS - basic (€)
|
0.88
|
0.99
|
Combined EPS - Diluted
|
||
Net profit attributable to shareholders' equity (€ million)
|
2,489
|
2,818
|
Adjusted average number of combined share units (millions of units)
|
2,854.9
|
2,911.1
|
Combined EPS - diluted (€)
|
0.87
|
0.97
|
Core EPS
|
||
Core profit attributable to shareholders' equity (see note 2) (€ million)
|
2,595
|
2,276
|
Adjusted average number of combined share units (millions of units)
|
2,854.9
|
2,911.1
|
Core EPS - diluted (€)
|
0.91
|
0.78
|
Millions
|
||
Number of shares at 31 December 2014 (net of treasury stock)
|
2,836.8
|
|
Net movements in shares under incentive schemes
|
(4.4)
|
|
Number of shares at 30 June 2015
|
2,841.1
|
€ million
|
Fair value
|
Carrying amount
|
||||
As at 30
June
2015
|
As at 31
December
2014
|
As at 30
June
2014
|
As at 30
June
2015
|
As at 31 December
2014
|
As at 30 June
2014
|
|
Financial assets
|
||||||
Cash and cash equivalents
|
2,710
|
2,151
|
3,419
|
2,710
|
2,151
|
3,419
|
Held-to-maturity investments
|
89
|
89
|
74
|
89
|
89
|
74
|
Loans and receivables
|
294
|
208
|
143
|
294
|
208
|
143
|
Available-for-sale financial assets
|
672
|
671
|
782
|
672
|
671
|
782
|
Financial assets at fair value through profit and loss:
|
||||||
Derivatives
|
289
|
296
|
197
|
289
|
296
|
197
|
Other
|
141
|
122
|
26
|
141
|
122
|
26
|
4,195
|
3,537
|
4,641
|
4,195
|
3,537
|
4,641
|
|
Financial liabilities
|
||||||
Preference shares
|
(124)
|
(108)
|
(113)
|
(68)
|
(68)
|
(68)
|
Bank loans and overdrafts
|
(1,126)
|
(1,119)
|
(1,188)
|
(1,121)
|
(1,114)
|
(1,187)
|
Bonds and other loans
|
(14,024)
|
(11,417)
|
(12,054)
|
(13,258)
|
(10,573)
|
(11,339)
|
Finance lease creditors
|
(222)
|
(224)
|
(208)
|
(208)
|
(199)
|
(192)
|
Derivatives
|
(272)
|
(350)
|
(248)
|
(272)
|
(350)
|
(248)
|
Other financial liabilities
|
(454)
|
(418)
|
(402)
|
(454)
|
(418)
|
(402)
|
(16,222)
|
(13,636)
|
(14,213)
|
(15,381)
|
(12,722)
|
(13,436)
|
€ million
|
Level 1
|
Level 2
|
Level 3
|
Level 1
|
Level 2
|
Level 3
|
Level 1
|
Level 2
|
Level 3
|
As at 30 June 2015
|
As at 31 December 2014
|
As at 30 June 2014
|
|||||||
Assets at fair value
|
|||||||||
Other cash equivalents
|
-
|
185
|
-
|
-
|
221
|
-
|
-
|
299
|
-
|
Available-for-sale financial assets
|
11
|
168
|
493
|
15
|
158
|
498
|
6
|
317
|
459
|
Financial assets at fair value
|
|||||||||
through profit or loss:
|
|||||||||
Derivatives(a)
|
-
|
341
|
-
|
-
|
417
|
-
|
-
|
233
|
-
|
Other
|
139
|
-
|
3
|
119
|
-
|
3
|
20
|
-
|
6
|
Liabilities at fair value
|
|||||||||
Derivatives(b)
|
-
|
(332)
|
-
|
-
|
(514)
|
-
|
-
|
(542)
|
-
|
|
(a) Includes €52 million (2014: €121 million) derivatives, reported within trade receivables, that hedge trading activities.
|
Announcement Date
|
NV NY and PLC ADR ex-Dividend Date
|
NV and PLC ex-Dividend Date
|
Record Date
|
Payment Date
|
|
Quarterly dividend - for Q2 2015
|
23 July 2015
|
5 August 2015
|
6 August 2015
|
7 August 2015
|
9 September 2015
|
Quarterly dividend - for Q3 2015
|
15 October 2015
|
28 October 2015
|
29 October 2015
|
30 October 2015
|
9 December 2015
|
|
· this condensed set of interim financial statements, which have been prepared in accordance with IAS 34 'Interim Financial Reporting', gives a true and fair view of the assets, liabilities, financial position and profit or loss of Unilever; and
|
|
· the interim management report gives a fair review of the information required pursuant to regulations 4.2.7 and 4.2.8 of the Disclosure and Transparency Rules (DTR) issued by the UK Financial Conduct Authority and section 5:25d (8)/(9) of the Dutch Act on Financial Supervision (Wet op het financieel toezicht).
|
|
The following people retired as a Non-executive Directors on 30 April 2015:
|
|
· Kees Storm
|
|
· Dr Byron Grote
|
|
· Sir Malcolm Rifkind
|
|
· Paul Walsh
|
|
|
|
The following people were appointed as a Non-executive Director:
|
|
· Nils Andersen, on 30 April 2015
|
|
· Judith Hartmann, on 30 April 2015
|
|
· Vittorio Colao, on 1 July 2015
|