FINANCIAL STATEMENT

ANALYSIS

DIKSHITHA S
GANGOTHRI T
GAZALA AFREEN
N PRAGATHI
NOORI MOHAMADI
PRIYANKA R
THILAKAVATHI M
 UNILEVER
• Unilever is a British-Dutch transnational consumer goods company co-
headquartered in London, United Kingdom and Rotterdam, Netherlands .
Its products include food and beverages (about 40 per cent of its revenue),
cleaning agents, beauty products, and personal care products. It is
Europe’s seventh most valuable company. Unilever is one of the oldest
multinational companies; its products are available in around 190
countries.
• Unilever owns over 400 brands, with a turnover in 2017 of 53.7 billion
euros, and thirteen brands with sales of over one billion euros: Axe/Lynx,
Dove, Omo, Heartbrand ice creams, Hellmann's, Knorr, Lipton, Lux,
Magnum, Rexona/Degree, Sunsilk and Surf . It is a dual-listed company
consisting of Unilever plc, based in London, and Unilever N.V., based in
Rotterdam. The two companies operate as a single business, with a
common board of directors. Unilever is organised into four main divisions
– Foods, Refreshment (beverages and ice cream), Home Care, and Beauty
& Personal Care. It has research and development facilities in the United
Kingdom (two), the Netherlands, China, India and the United States.
Hindustan Unilever Limited (HUL) is a British-Dutch company headquartered in
Mumbai, Maharashtra . Its products include foods, beverages, cleaning agents,
personal care products, water purifiers and consumer goods.
HUL was established in 1933 as Lever Brothers. Following the merger among Lever
Brothers in 1956, it was renamed as Hindustan Lever Limited. The company was
renamed in June 2007 as "Hindustan Unilever Limited".
As of 2019 HUL portfolio had 35 product brands in 20 categories and employs
18,000 employees with sales of Rs. 34,619 crores in 2017-18.
In December 2018, HUL announced its acquisition of Glaxo Smithkline’s India
business for $3.8 billion in an all equity merger deal with 1:4.39 ratio. However
the integration of 3800 employees of GSK remained uncertain as HUL stated there
was no clause for retention of employees in the deal. In January 2019, HUL said
that it expects to complete the merger with Glaxo Smith Kline Consumer
Healthcare (GSKCH India) this year.
TURNOVER = 50982 EURO MILLION

20%
BEAUTY AND
40% PERSONAL CARE
FOODS AND
REFRESHMENT
HOME CARE
40%
CONSOLIDATED INCOME
STATEMENTS
PARTICULARS 31st March 31st March 31st March 31st March 31st March
2014 2015 2016 2017 2018
Turnover 48436 53272 52713 53715 50982
Operating profit 7980 7515 7801 8857 12535
After (charging)/crediting non-underlying 960 (796) (823) (543) 3175
items
Net finance costs (477) (493) (563) (877) (481)
Net monetary gain/(loss) arising from - - - - 122
hyperinflationary economies
Share of net profit/(loss) of joint ventures and 98 107 127 155 185
associates
After crediting non underlying items - - - - 32
Other income/(loss)from non current 45 91 104 18 22
investments and associates
Profit before taxation 7646 7220 7469 8153 12383
Taxation (2131) (1961) (1922) (1667) (2575)
After (charging)/crediting tax impact of non - 180 213 655 (288)
underlying items
Net profit 5515 5259 5547 6486 9808
Attributable to :
Non – controlling interests 344 350 363 433 419
Shareholders’ equity 5171 4909 5184 6053 9389
Combined earnings per share
Basic earnings per share 1.82 1.73 1.83 2.16 3.5
Diluted earnings per share 1.79 1.72 1.82 2.15 3.48
 TURNOVER
55000 53272 53715
52713
50982
50000 48436
TURNOVER

45000
2014 2015 2016 2017 2018

PERCENTAGE CHANGE 2014 & 15 2015 & 16 2016 & 17 2017 & 18 2014 & 18
(INCREASE/DECREASE)
9.98% (1.04)% 1.9% (5.08)% 5.25 %

OPERATING PROFIT
15000 12535
10000 7980 7801 8857
7515
5000 OPERATING PROFIT
0
2014 2015 2016 2017 2018

PERCENTAGE CHANGE 2014 & 15 2015 & 16 2016 & 17 2017 & 18 2014 & 18
(INCREASE/DECREASE)
(5.82)% 3.80% 13.53% 41.52% 57.08%
 NET PROFIT
12000
9808
10000

8000
6486
6000 5515 5259 5547
NET PROFIT
4000

2000

0
2014 2015 2016 2017 2018

PERCENTAGE CHANGE 2014 & 15 2015 & 16 2016 & 17 2017 & 18 2014 & 18
(INCREASE/DECREASE)
(4.64)% 5.47% 16.92% 51.21% 77.84%
OPERATING PROFIT RATIO

Operating profit ratio = operating profit x 100

turnover

2014 2015 2016 2017 2018

16.47% 14.10 % 14.79 % 16.48 % 24.58 %

NET PROFIT RATIO

Net profit ratio = net profit x 100

turnover

2014 2015 2016 2017 2018

11.38 % 9.87 % 10.52 % 12.07 % 19.23 %
CONSOLIDATED BALANCESHEET
PARTICULARS 31st march 31st march 31st march 31st march 31st march
2014 2015 2016 2017 2018
ASSETS
Non-current Assets
Goodwill 14,642 16,213 17,624 16,881 17,341
Intangible Assets 7,532 8,846 9,809 11,520 12,152
Property, Plant & Equipment 10,472 11,058 11,673 10,411 10,347
Pension Asset For Funded Schemes In Surplus 376 934 694 2,173 1,728

Deferred Tax Assets 1286 1185 1354 1085 1117

Financial Assets 715 605 673 675 642
Other Current Assets 657 771 718 557 648
35,680 39,612 42,545 43,302 43,975
Current Assets
Inventories 4,168 4,335 4,278 3,962 4,301
Trade & Other Current Receivables 5,029 4,804 5,102 5,222 6,485
Current Tax Assets 281 230 317 488 472
Cash & Cash Equivalents 2,151 2,302 3,382 3,317 3230
Other Financial Assets 671 836 599 770 874
Non-current Assets Held For Sale 47 179 206 3,224 119
12,347 12,686 13,884 16,983 15,481
TOTAL ASSETS 48,027 52,298 56,429 60,285 59,456
PARTICULARS 31st march 31st march 31st march 31st march 31st march
2014 2015 2016 2017 2018

LIABILITIES

Current Liabilities

Financial Liabilities 5,536 4,789 5,450 7,968 3,235

Trade Payables & Other Current Liabilities 12,606 13,788 13,871 13,426 14,457
Current Tax Liabilities 1,081 1,127 844 1,088 1,445
Provisions 418 309 390 525 624
Liabilities Held For Sale 1 6 1 170 11
TOTAL 19,642 20,019 20,556 23,177 19,772

Non-current Liabilities

Financial Liabilities 7,186 9,854 11,145 16462 21,650

Non-current Tax Liabilities 161 121 120 118 174
Pensions And Post-retirement Health Care Liabilities:
Funded Schemes In Deficit 2,222 1,569 2,163 1,225 1,209
Unfunded Schemes 1,725 1,685 1,704 1,509 1,393
Provisions 916 831 1033 794 697
Deferred Tax Liabilities 1,534 1,744 2061 1,913 1,923
Other Non Current Liabilities 378 393 667 700 346
14,122 16,197 18,893 22,721 27,392
TOTAL 33,764 36,216 39,449 45,898 47,164
PARTICULARS 31st march 31st march 31st march 31st march 31st march
2014 2015 2016 2017 2018

EQUITY

Shareholders Equity

Called Up Share Capital 484 484 484 484 464

Share Premium Account 145 152 134 130 129

Other Reserves (7538) (7,816) (7,443) (13,633) (15,286)

Retained Profit 20,560 22,619 23,179 26,648 26,265

13,651 15,439 16,354 13,629 11,572

Non Controlling Interests 612 643 626 758 720

Total Equity 14,263 16,082 16,980 14,387 12,292

TOTAL LIABILITIES & EQUITY 48,027 52,298 56,429 60,285 59,456

 NON CURRENT ASSETS
50000
43302 43975
45000 42545
39612
40000
35680
35000
30000
25000
20000
15000
10000
5000
0
2014 2015 2016 2017 2018
NON CURRENT ASSETS

PERCENTAGE CHANGE 2014 & 15 2015 & 16 2016 & 17 2017 & 18 2014 & 18
(INCREASE/DECREASE) 11.02 % 7.40 % 1.77 % 1.55 % 23.24 %
 CURRENT ASSETS
18000 16983
16000 15481
13884
14000 12686
12347
12000

10000

8000

6000

4000

2000

0
2014 2015 2016 2017 2018
CURRENT ASSETS

PERCENTAGE CHANGE 2014 & 15 2015 & 16 2016 & 17 2017 & 18 2014 & 18
(INCREASE/DECREASE) 2.74 % 9.44 % 22.32 % (8.84) % 25.38 %
 CURRENT LIABILITIES
24000
23177
23000

22000

21000 20556
20019
20000 19642 19772

19000

18000

17000
2014 2015 2016 2017 2018
CURRENT LIABILITIES

PERCENTAGE CHANGE 2014 & 15 2015 & 16 2016 & 17 2017 & 18 2014 & 18
(INCREASE/DECREASE) 1.91 % 2.68 % 12.75 % (14.69) % 0.66 %
 NON CURRENT LIABILITIES
30000
27392

25000 22721

20000 18893
16197
15000 14121

10000

5000

0
2014 2015 2016 2017 2018
NON CURRENT LIABILITIES

PERCENTAGE CHANGE 2014 & 15 2015 & 16 2016 & 17 2017 & 18 2014 & 18
(INCREASE/DECREASE) 14.70 % 16.64 % 20.26 % 20.55 % 93.98 %
 EQUITY
18000 16980
16082
16000
14263 14387
14000
12292
12000
10000
8000
6000
4000
2000
0
2014 2015 2016 2017 2018

EQUITY

PERCENTAGE CHANGE 2014 & 15 2015 & 16 2016 & 17 2017 & 18 2014 & 18
(INCREASE/DECREASE) 12.75 % 5.58 % (15.27) % (14.56) % (13.81) %
CURRENT RATIO

CURRENT RATIO = CURRENT ASSETS

CURRENT LIABILITIES

2014 2015 2016 2017 2018

0.63 : 1 0.63: 1 0.67 :1 0.73 :1 0.78 :1

DEBT EQUITY RATIO

DEBT EQUTY RATIO = DEBT

EQUITY

2014 2015 2016 2017 2018

0.99 :1 1 :1 1.11 :1 1.58 :1 2.23 :1
TOTAL ASSET TO DEBT RATIO

TOTAL ASSET TO DEBT RATIO = TOTAL ASSETS

LONG TERM DEBTS

2014 2015 2016 2017 2018

3.4 :1 3.23 :1 2.99:1 2.65:1 2.17:1

PROPRIETORY RATIO

PROPRIETORY RATIO = SHAREHOLDERS FUNDS OR

PROPRIETORY FUNDS
TOTAL ASSETS

2014 2015 2016 2017 2018

0.29:1 0.3:1 0.3:1 0.24:1 0.21:1
THANK YOU