Вы находитесь на странице: 1из 20

2013 FIRST HALF YEAR RESULTS PROFITABLE GROWTH MOMENTUM SUSTAINED IN TOUGHER MARKETS

First ha ! hi"h i"hts U#$%r &i#" sa %s "r'(th )*0+ with emerging markets up 10.3% U#$%r &i#" ,' -.% "r'(th 2*/+ and pricing up 2.3% T-r#',%r -0 0*1+ at 22)*) 3i i'# with currency (3.2)% and disposals (1.1)% 4'r% '0%rati#" .ar"i# -0 1030s t' 11*0+ driven by gross margin up 120bps 4'r% %ar#i#"s 0%r shar% -0 1+ t' 20*5/6 !r%% 7ash ! '( '! 21*3 3i i'# Hi#$-sta# U#i %,%r stake increased to 6 % S%7'#$ 8-art%r hi"h i"hts U#$%r &i#" sa %s "r'(th )*0+ with volume growth o! 3.0% and price growth o! 2.0% Pa- P' .a#9 4hi%! E:%7-ti,% O!!i7%r stat%.%#t "#his set o! results clearly demonstrates that the trans!ormation o! $nilever to a sustainable growth company is !ully on track. #he strong %ome &are and 'ersonal &are per!ormance is particularly pleasing given increased competitive pressure. #he underlying per!ormance o! our (oods and )e!reshment categories is starting to improve* with strong growth !rom the relaunched Li0t'# Y% '( La3% and the continuing success o! K#'rr +elly bouillons and baking bags. ,nnovation remains the key driver o! growth with e-amples such as compressed deodorants* ;as% i#% .pray / 0o and Ma"#-. 1 kisses. 2nd there is more to come3 our innovation pipeline is robust which will be vital as we navigate the slowdown in many parts o! the world. 4ur !ocus on gross margin is also starting to bear !ruit3 we are delivering more pro!itable innovations* improving miand continuing to apply a rigorous approach to supply chain costs and savings. 5ut there is no room !or complacency3 we are well aware that past success is no guarantee o! !uture success. #he tougher economic environment and reinvigorated competition re6uire us to set the bar higher on innovation and to increase investment behind our brands. 2t the same time we need to continue to take costs out o! the system to help !inance this investment. #he $nilever .ustainable 7iving 'lan gives us a strong purpose8driven business model. 4ur emerging markets !ootprint and strong innovation pipeline gives us con!idence that we will continue to grow competitively. 9e remain !ocused on achieving another year o! pro!itable volume growth ahead o! our markets* steady and sustainable core operating margin improvement and strong cash !low.: K%& Fi#a#7ia s <-#a-$it%$= 4-rr%#t Rat%s U#$%r &i#" Sa %s Gr'(th <>= T-r#',%r O0%rati#" Pr'!it N%t Pr'!it 4'r% %ar#i#"s 0%r shar% <>= Di -t%$ %ar#i#"s 0%r shar% B-art%r & $i,i$%#$ 0a&a3 % i# S%0t%.3%r 2013 20*2/@0%r shar%
21 <uly 2013

First Ha ! 2013 )*0+ 22)*)3# 23*@3# 22*53# 20*5/ 20*A3 ?0*1+ ?11+ ?13+ ?1+ ?11+

(;) $nderlying sales growth and core earnings per share are non8022' measures (see pages 6 and ).

OPERATIONAL RE;IEW9 4ATEGORIES .econd =uarter 2013 (unaudited) #urnover ?bn U#i %,%r T'ta 'ersonal &are (oods )e!reshment %ome &are 13*3 @.6 3.@ 3.0 2.3 $.0 % )*0 . 1.0 1.A 10.2 $>0 % 3*0 6.0 (0.6) (0. ) .1 $'0 % 2*0 1.6 1.6 2. 2.1 #urnover ?bn 2)*) A.1 6.B 1.1 @.6 $.0 % )*0 B.0 0.2 2.1 A.B (irst %al! 2013 $>0 % 2*/ 1.B (1.0) (1.1) 6.@ $'0 % 2*3 2.1 1.2 3.2 3.2 &hange in core operating margin bps 10 20 (30) A0 1 0

O-r .arC%ts9 0rowth is slowing in emerging markets* as macro8economic headwinds in!luence consumer behaviour. 9ithin this overall trend we see a mi-ed picture across the ma+or countries re!lecting di!!erent local circumstances. Ceveloped markets remain sluggish with little sign o! any recovery in Dorth 2merica or Europe. U#i %,%r 0%r!'r.a#7%9 $nilever delivered another 6uarter o! solid growth* led by emerging markets which continued to grow at 10.3% with a good balance between volume and price. Ceveloped markets declined by (1.3)% in the 6uarter* with both negative price and volume. 2ll categories grew globally with strong growth !rom %ome &are and 'ersonal &are. )e!reshment was held back by the impact o! adverse weather conditions on the ice cream business. ,n (oods* the good growth o! Fnorr and %ellmannGs was o!!set by a decline in spreads. 0ross margin increased by 120bps to @1.0% at constant e-change rates* primarily due to the mi- bene!it o! higher margin products and continued discipline around savings programmes. &ore operating margin* up @0bps at 1@.0%* also re!lected higher advertising and promotions investment behind our brands. P%rs'#a 4ar% %air per!ormed well despite highly competitive markets. D',% bene!ited !rom the rollout o! D',% )epair E-pertise and HenI&are hair. TRES%..D also delivered broad8based growth* underpinned by the Feratin .mooth range and good progress in new markets. S-#si C grew on the back o! the success!ul essential oils variant in ,ndonesia and a new conditioners range in #urkey. 4 %ar continued to make good progress. .kin cleansing continued to deliver robust growth re!lecting the success o! the improved D',% Dutrium Hoisture shower range and D',% HenI&are. ;as% i#% growth accelerated* helped by the success!ul launch o! the .pray / 0o moisturiser. P'#$Es (lawless 9hite 55 is being rolled out to new markets a!ter the success!ul launch in #hailand and P'#$Es Hen has been rolled out to ,ndonesia. Ceodorants growth was driven by the continuing success o! compressed deodorants* A:% 2pollo and the R%:'#a JCo HoreG campaign. 4ral care per!ormed well despite increased competitive intensity with the rollout o! the E-pert 'rotection range to Fh'#" H-a in &hina and good momentum behind P%0s'$%#t 18283. &ore operating margin in the !irst hal! was up 20bps* driven by higher gross margin. F''$s .avoury growth accelerated as K#'rr bene!ited !rom the continuing success o! +elly bouillons* now e-tended to a meal maker range introduced in )ussia* and baking bags which are doing particularly well in 7atin 2merica. K#'rr also per!ormed well in Dorth 2merica with the success!ul JwhatGs !or dinner tonightG campaign driving growth in &anada. 9e continue to build consumption in emerging markets* !or e-ample in Digeria where we see the bene!it o! improvements we have made to the product 6uality o! our powdered bouillons. Cressings continued to deliver consistent growth with the notable success o! the H% .a##Es 100th birthday celebrations and the H% .a##Es )eal 9hipped variant in the $nited .tates. .preads per!ormance improved versus the !irst 6uarter but lower sales re!lected the underlying weakness o! the market and high levels o! competitor pricing activity. 9e continue to introduce better tasting products and the B%7% 0old variant is progressing in line with e-pectations. &ore operating margin was down 30bps with higher gross margin o!!set by increased advertising and promotions.

R%!r%sh.%#t 0rowth in lea! tea continued to improve with the Li0t'# brand delivering strong growth in the Hiddle East and #urkey helped by the introduction o! the new better8tasting Li0t'# Y% '( a3% . #he Br''C% B'#$ R%$ La3% relaunch highlighting the health bene!its o! tea per!ormed well in .outh 2sia. #he A$%s soy drink brand is now recovering a!ter the negative impact o! a product recall. ,ce cream grew globally despite poor weather in Europe and the $.* re!lecting the !act that we are no longer so dependent on the European summer. Ma"#-. innovations such as Ma"#-. 'ink and 5lack* J1 kissesG and the new pints !ormat in Europe are doing well. 4'r#%tt' has been relaunched in &hina and Europe and B%# G H%rr&Es growth was driven by new !lavours such as 'eanut 5utter He $p. &ore operating margin was up A0bps with higher gross margins underpinned by improved mi- and cost savings. H'.% 4ar% 7aundry delivered double digit growth in the 6uarter driven by a strong innovation programme. 4ur premium laundry li6uid technology was launched in ,ndia and .ri 7anka and O.' with wash boosters* giving outstanding cleaning even on a 6uick wash* was rolled out to #urkey and >ietnam. O.' with a touch o! 4'.!'rt was launched in &hina whilst 4'.!'rt anti8bacterial was launched in #hailand. ,n household care we also saw double digit growth which included the launch o! 4i! and D'.%st's in 5raKil during the 6uarter. ,n dishwash* a S-# i"ht anti8bacterial range was launched in ,ndia and ,ndonesia and a S,% t' eco re!ill pack was launched in ,taly* providing environmental bene!its and attracting more users through a more a!!ordable !ormat. &ore operating margin was up 1 0bps with stronger gross margins partly o!!set by higher advertising and promotions. OPERATIONAL RE;IEW9 GEOGRAPHI4AL AREA .econd =uarter 2013 (unaudited) #urnover ?bn U#i %,%r T'ta 2siaL2HE#L)$5 #he 2mericas Europe 13*3 1.@ @.3 3.6 $.0 % )*0 A.2 1.2 (0.B) $>0 % 3*0 1.B 1.A 0.@ $'0 % 2*0 3.1 3.2 (1.2) #urnover ?bn 2)*) 10.@ B.@ 6. $.0 % )*0 A.2 1.6 (1.A) (irst %al! 2013 $>0 % 2*/ 1.6 1.A (0.B) $'0 % 2*3 3.@ 3.6 (1.1) &hange in core operating margin bps 10 10 @0 30

AsiaIAMETIRUB #he strong sales growth in the 6uarter was driven by healthy volume growth. 9e saw particularly good per!ormances in ,ndonesia* >ietnam* 'akistan and &hina. 2!rica also delivered good growth despite increased levels o! competitive activity and 2ustralia grew despite di!!icult markets. ,n )ussia* the Falina brands continue to per!orm well. &ore operating margin in the !irst hal! increased by 10bps driven by increased gross margin* partially o!!set by higher advertising and promotions and higher overheads against a low prior year comparator. Th% A.%ri7as 7atin 2merica posted an eighth 6uarter o! double digit growth with a good balance between volume and price whilst Dorth 2merica declined by (2)% in the 6uarter. ,n $. hair care our share is up but sales were held back by trade stock movements while at the same time we saw higher sales in 5raKil ahead o! a !orthcoming .2' system change. &ore operating margin was up @0bps with higher gross margin partly o!!set by increased advertising and promotions. E-r'0% #he region delivered volume growth ahead o! our markets in the 6uarter. 9e continued to see that highly price8 conscious consumers are reluctant to spend unless products o!!er good value !or money. #rading in the southern countries remains depressed but we saw improving growth in &entral Europe. &ore operating margin was up 30bps driven by higher gross margins* which re!lected strong savings programmes.

ADDITIONAL 4OMMENTARY ON THE FINAN4IAL STATEMENTS J FIRST HALF 2013 Fi#a#7% 7'sts a#$ ta: #he cost o! !inancing net borrowings in the !irst hal! 2013 was ?211 million versus ?201 million in 2012. #he average level o! net debt reduced whilst interest rate movements were marginally un!avourable3 the average interest rate on borrowings was 3.B% and the average return on cash deposits was 3.0%. 'ensions !inancing* restated !or the impact o! the revision to the accounting standard ,2.1A* was a debit o! ? 1 million versus a debit o! ? @ million in the prior year. #he e!!ective ta- rate was 2 .1%* higher than 26.1% in 2012 due to the impact o! business disposals. 4ur longer term e-pectation !or the ta- rate remains around 26%. H'i#t ,%#t-r%sK ass'7iat%s a#$ 'th%r i#7'.% !r'. #'#L7-rr%#t i#,%st.%#ts Det pro!it !rom +oint ventures and associates* together with other income !rom non8current investments contributed ?13 million compared with ?@A million in 2012. #he improvement was mainly due to the low prior year comparator which contained the impairment o! warrants associated with the disposal o! the $. laundry business. #he share o! pro!its !rom +oint ventures was lower by ?B million primarily due to higher investment behind the Li0t'# ready8to8 drink tea brand. Ear#i#"s 0%r shar% &ore earnings per share in the !irst hal! was up @% to ?0. 6. #his improvement was driven by the growth in core operating pro!it partially o!!set by negative !oreign e-change movements. ,n constant currency* core earnings per share increased by %. #his measure e-cludes the impact o! business disposals* ac6uisition and disposal related costs* impairments and other one8o!! items. (ully diluted earnings per share !or the !irst hal! was up 1@% at ?0.B3* including the pro!it on disposal o! the .kippy brand. P%#si'#s #he net pension de!icit was ?2.@ billion at the end o! <une 2013 versus ?3.3 billion as at 31 Cecember 2012* all numbers re8stated !or the revisions to ,2.1A. #he reduction in the net pensions de!icit re!lects the impact o! investment returns and cash contributions o!!set by a higher interest cost on liabilities. Dis0'sa s 5usiness disposals contributed ?3 1million to non8core pro!its versus ?10 million in the !irst hal! 2012. #his primarily relates to the disposal o! the .kippy brand. 2c6uisitions and disposal related costs amounted to ?11 million* against ?@B million in the !irst hal! 2012. Fr%% 7ash ! '( (ree cash !low was ?1.3 billion versus ?1.1 billion in 2012. #he reduction is due to higher working capital which is measured against a strong per!ormance in the prior year. &apital e-penditure was also lower than the prior year due to the phasing o! pro+ects. N%t $%3t &losing net debt was ?11.6 billion versus ? .@ billion as at 31 Cecember 2012. #he main !actor driving the increase was the impact o! the voluntary open o!!er to ac6uire additional shares in %industan $nilever 7imited. 2t 30 <une 2012 a !inancial liability o! ?3.B billion is recorded on the balance sheet which represents the ma-imum number o! shares that could have been purchased under the o!!er. .ubse6uent to the period end* on 1B <uly 2013* $nilever ac6uired 1@.B% o! the total shareholding which was less than the ma-imum commitment and no ad+ustment has been made in the !irst hal! 2013 results to re!lect this in accordance with ,().. ,! we were to ad+ust !or the actual impact o! this transaction* the e!!ect would have been to reduce net debt to ?A.A billion. Fi#a#7% a#$ i8-i$it& Curing the !irst hal! the !ollowing bonds matured and were repaid3 (i) $. M@10 million 3.121% and (ii) ? 10 million @.B 1%. @

4OMPETITION IN;ESTIGATIONS 2s previously disclosed* along with other consumer products companies andLor retail customers* $nilever is involved in a number o! ongoing investigations by national competition authorities. #hese proceedings and investigations are at various stages and concern a variety o! product markets. Cespite recent developments in some o! these markets* it is too early in the regulatory process to determine conclusively the outcome o! these matters or to reliably measure our e-posure. 9e continue to monitor developments and will make provisions as appropriate. 4ngoing compliance with competition laws is o! key importance to $nilever. ,t is $nileverGs policy to co8operate !ully with competition authorities whenever 6uestions or issues arise. ,n addition the 0roup continues to rein!orce and enhance its internal competition law compliance programme on an ongoing basis.

PRIN4IPAL RISK FA4TORS 4n pages 36 to @0 o! our 2012 )eport and 2ccounts we set out our assessment o! the principal risk issues that would !ace the business through 2013 under the headings3 consumer pre!erenceN competitionN port!olio managementN sustainabilityN customer relationshipsN peopleN supply chainN systems and in!ormationN business trans!ormationN e-ternal economic and political risks* and natural disastersN !inancialN ethical and legal* regulatory and other risks. ,n our view* the nature and potential impact o! such risks remain essentially unchanged as regards our per!ormance over the second hal! o! 2013.

OTHER INFORMATION #his document represents $nileverGs hal!8yearly report !or the purposes o! the Cisclosure and #ransparency )ules (C#)) issued by the $F (inancial &onduct 2uthority (C#) @.2) and the Cutch 2ct on (inancial .upervision* section 1321d (B)L(A) (%al!8yearly !inancial reports). ,n this conte-t3 (i) the condensed set o! !inancial statements can be !ound on pages A to 1AN (ii) pages 2 to B comprise the interim management reportN and (iii) the CirectorsG responsibility statement can be !ound on page 20. Do material related parties transactions have taken place in the !irst si- months o! the year.

NONLGAAP MEASURES ,n our !inancial reporting we use certain measures that are not recognised under ,(). or other generally accepted accounting principles (022'). 9e do this because we believe that these measures are use!ul to investors and other users o! our !inancial statements in helping them to understand underlying business per!ormance. 9herever we use such measures* we make clear that these are not intended as a substitute !or recognised 022' measures. 9herever appropriate and practical* we provide reconciliations to relevant 022' measures. $nilever uses Jconstant rateG JunderlyingG and JcoreG measures primarily !or internal per!ormance analysis and targeting purposes. #he non8022' measures which we apply in our reporting are set out below. U#$%r &i#" sa %s "r'(th <USG= "$nderlying .ales 0rowth: or "$.0: means* !or the applicable period* the increase in turnover in such period* e-cluding any change in turnover resulting !rom ac6uisitions* disposals and changes in currency. 2c6uisitions and disposals are e-cluded !or a period o! 12 calendar months !rom the closing date o! such ac6uisition or disposal* e-cept !or the turnover attributable to ac6uired brands that are launched in countries in which the ac6uired brands were not previously sold prior to the 128month anniversary o! the ac6uisition* which amounts are included in $.0 !rom the date o! launch o! such brands. #he reconciliation o! $.0 to changes in the 022' measure turnover is provided in notes @ and 1. U#$%r &i#" ,' -.% "r'(th <U;G= "$nderlying >olume 0rowth: or "$>0: is part o! $.0 and means* !or the applicable period* the increase in turnover in such period calculated as the sum o! (1) the increase in turnover attributable to the volume o! products soldN and (2) the increase in turnover attributable to the composition o! products sold during such period. $>0 there!ore e-cludes any impact to $.0 due to changes in prices. #he relationship between the two measures is set out in notes @ and 1. Fr%% 7ash ! '( <F4F= 9ithin the $nilever 0roup* !ree cash !low ((&() is de!ined as cash !low !rom operating activities* less income ta-es paid* net capital e-penditures and net interest payments and pre!erence dividends paid. ,t does not represent residual cash !lows entirely available !or discretionary purposesN !or e-ample* the repayment o! principal amounts borrowed is not deducted !rom (&(. 2lthough we do not consider (&( as a li6uidity measure* we believe that this measure is use!ul to investors because it is a measure o! cash available !or distribution amongst all security holders o! the $nilever 0roup or to !und our strategic initiatives* including ac6uisitions* i! any. #he reconciliation o! (&( to group operating activities is as !ollows3 2 .i i'# (unaudited) 4ash ! '( !r'. '0%rati#" a7ti,iti%s (see cash !low statement on page 12) ,ncome ta- paid Det capital e-penditure Det interest and pre!erence dividends paid Fr%% 7ash ! '( (irst %al! 2013 2K@@@ (BA@) (632) (1 3) 1K300 2012 3K310 (B01) (B26) (1 6) 1K)35

NONLGAAP MEASURES (continued) 4'r% '0%rati#" 0r'!it <4OP=K 7'r% '0%rati#" .ar"i# <4OM= a#$ #'#L7'r% it%.s &4' and &4H means operating pro!it and operating margin* respectively* be!ore the impact o! business disposals* ac6uisition and disposal related costs* impairments and other one8o!! items* which we collectively term non8core items* due to their nature and !re6uency o! occurrence. #he reconciliation o! core operating pro!it to operating pro!it is as !ollows3 2 .i i'# (unaudited) O0%rati#" 0r'!it Don8core items (see note 2) 4'r% '0%rati#" 0r'!it #urnover 4perating margin (%) &ore operating margin (%) (irst %al! 2013 3*BA2 (316) 3*1 6 21*100 11.3 1@.0 2012 3*@23 3B 3*@61 21*3AB 13.1 13.6

4'r% EPS #he 0roup also re!ers to core earnings per share (core E'.). ,n calculating core earnings* net pro!it attributable to shareholdersG e6uity is ad+usted to eliminate the post ta- impact o! non8core items. )e!er to note 2 on page 1@ !or reconciliation o! core earnings to net pro!it attributable to shareholdersG e6uity. N%t $%3t Det debt is de!ined as the e-cess o! total !inancial liabilities* e-cluding trade and other payables* over cash* cash e6uivalents and current !inancial assets* e-cluding trade and other receivables. ,t is a measure that provides valuable additional in!ormation on the summary presentation o! the 0roupGs net !inancial liabilities and is a measure in common use elsewhere. #he reconciliation o! net debt to the 022' measure total !inancial liabilities is as !ollows3 2 .i i'# (unaudited) 2s at 30 <une 2013 <1)K@05= 2s at 31 Cecember 2012 <10K221= 2s at 30 <une 2012 <13KA12=

T'ta !i#a#7ia ia3i iti%s &urrent !inancial liabilities3 7iabilities related to ac6uisition o! non8controlling interests(a) 4ther current !inancial liabilities Don8current !inancial liabilities 4ash a#$ 7ash %8-i,a %#ts as 0%r 3a a#7% sh%%t &ash and cash e6uivalents as per cash !low statement 2dd bank overdra!ts deducted therein Oth%r !i#a#7ia ass%ts N%t $%3t

(@*03@) (1*061) (6*B0B) 3K1/5 3*20@ 263 A01 <11K/3/=

8 (2*616) ( *161) 2K1/) 2*21 2@B 101 <5K3))=

8 (6*16@) ( *2@B) 1K0@5 3* 66 331 )/1 <@K1)1=

(a) ,ncluded in liabilities related to ac6uisition o! non8controlling interests is ?3* 1@ million relating to ac6uisition o! shares in %industan $nilever (see note 10) and other non8controlling interests totalling ?2B0 million.

4AUTIONARY STATEMENT #his announcement may contain !orward8looking statements* including J!orward8looking statementsG within the meaning o! the $nited .tates 'rivate .ecurities 7itigation )e!orm 2ct o! 1AA1. 9ords such as JwillG* JaimG* Je-pectsG* JanticipatesG* JintendsG* JlooksG* JbelievesG* JvisionG* or the negative o! these terms and other similar e-pressions o! !uture per!ormance or results* and their negatives* are intended to identi!y such !orward8looking statements. #hese !orward8looking statements are based upon current e-pectations and assumptions regarding anticipated developments and other !actors a!!ecting the $nilever group (the "0roup:). #hey are not historical !acts* nor are they guarantees o! !uture per!ormance. 5ecause these !orward8looking statements involve risks and uncertainties* there are important !actors that could cause actual results to di!!er materially !rom those e-pressed or implied by these !orward8looking statements. 2mong other risks and uncertainties* the material or principal !actors which could cause actual results to di!!er materially are3 $nileverGs global brands not meeting consumer pre!erencesN increasing competitive pressuresN $nileverGs investment choices in its port!olio managementN inability to !ind sustainable solutions to support long8term growthN customer relationshipsN the recruitment and retention o! talented employeesN disruptions in our supply chainN the cost o! raw materials and commoditiesN secure and reliable ,# in!rastructureN success!ul e-ecution o! ac6uisitions* divestitures and business trans!ormation pro+ectsN economic and political risks and natural disastersN the debt crisis in EuropeN !inancial risksN !ailure to meet high product sa!ety and ethical standardsN and managing regulatory* ta- and legal matters. (urther details o! potential risks and uncertainties a!!ecting the 0roup are described in the 0roupGs !ilings with the 7ondon .tock E-change* DO.E Eurone-t in 2msterdam and the $. .ecurities and E-change &ommission* including the 0roupGs 2nnual )eport on (orm 208( !or the year ended 31 Cecember 2012 and 2nnual )eport and 2ccounts 2012. #hese !orward8looking statements speak only as o! the date o! this announcement. E-cept as re6uired by any applicable law or regulation* the 0roup e-pressly disclaims any obligation or undertaking to release publicly any updates or revisions to any !orward8looking statements contained herein to re!lect any change in the 0roupGs e-pectations with regard thereto or any change in events* conditions or circumstances on which any such statement is based. ENBUIRIES M%$ia9 Hedia )elations #eam $F I@@ 20 B22 6 1A trevor.gorinPunilever.com !lip.dotschPunilever.com D7 I31 10 21 @B@@ I#,%st'rs9 ,nvestor )elations #eam I@@ 20 B22 6B30 investor.relationsPunilever.com

#here will be a web cast o! the results presentation available at3 www.unilever.comLourcompanyLinvestorcentreLresultsL6uarterlyresultsLde!ault.asp #he web cast can also be viewed !rom the $nilever ,nvestor )elations app which you can download !rom3 http3LLitunes.apple.comLusLappLunilever8investor8centre8appLid@B3@0310AQmtRB/ign8mptRuo%3C@

IN4OME STATEMENT (unaudited) 2 .i i'# 2013 (irst %al! 2012 ()estated) ,ncreaseL (Cecrease) &urrent &onstant rates rates 0*1+ 11+ 3*A+ 1A+

T-r#',%r O0%rati#" 0r'!it 2!ter (charging)Lcrediting non8core items N%t !i#a#7% 7'sts (inance income (inance costs 'ensions and similar obligations Shar% '! #%t 0r'!itI< 'ss= '! M'i#t ,%#t-r%s a#$ ass'7iat%s Oth%r i#7'.%I< 'ss= !r'. #'#L7-rr%#t i#,%st.%#ts Pr'!it 3%!'r% ta:ati'# #a-ation N%t 0r'!it Attri3-ta3 % t'9 Don8controlling interests .hareholdersG e6uity &ombined earnings per share 5asic earnings per share (euros) Ciluted earnings per share (euros)

2)K)00 3KA@2 316 <2A/= 11 (2 0) ( 1) )2 1 3K/)@ (A )

2)K3@A 3K123 (3B) <25)= B2 (2B3) ( @) /0 <11= 3K1@5 (B1B) 2K35@

11+

1A+

2K/A2

13+

15+

213 2*@2A

21@ 2*121

1@%

1A%

0.B6 0.B3

0. 1 0. 3

1@% 1@%

1B% 1B%

STATEMENT OF 4OMPREHENSI;E IN4OME (unaudited) 2 .i i'# 2013 (irst %al! 2012 ()estated) 2K35@

N%t 0r'!it Oth%r 7'.0r%h%#si,% i#7'.% ,tems that will not be reclassi!ied to pro!it or loss3 2ctuarial gainsL(losses) on pension schemes net o! ta,tems that may be reclassi!ied subse6uently to pro!it or loss3 &urrency retranslation gainsL(losses) net o! ta(air value gainsL(losses) on !inancial instruments net o! taT'ta 7'.0r%h%#si,% i#7'.% Attri3-ta3 % t'9 Don8controlling interests .hareholdersG e6uity

2K/A2

126

(661)

(162) A3 3K13@

(20@) (6A) 1K11)

21 2*A22

2@2 1*203

STATEMENT OF 4HANGES IN EBUITY (unaudited) 2 .i i'# &alled up share capital @B@ 8 .hare premium account 1@0 8 Don8 controlling interest 11 213

4ther reserves (6*1A6) 8

)etained pro!it 20*A6@ 2*@2A

#otal 11*3A2 2*@2A

#otal e6uity 11*A@A 2*6B2

First ha ! L 2013 1 <anuary 2013 (restated) 'ro!it or loss !or the period 4ther comprehensive income net o! ta(air value gainsL(losses) on !inancial instruments 2ctuarial gainsL(losses) on pension schemes &urrency retranslation gainsL(losses) #otal comprehensive income Cividends on ordinary capital Hovements in treasury stock(a) .hare8based payment credit(b) Cividends paid to non8controlling interests &urrency retranslation gainsL(losses) net o! ta4ther movements in e6uity 30 H-#% 2013 First ha ! L 2012 1 <anuary 2012 (restated) 'ro!it or loss !or the period 4ther comprehensive income net o! ta(air value gainsL(losses) on !inancial instruments 2ctuarial gainsL(losses) on pension schemes &urrency retranslation gainsL(losses) #otal comprehensive income Cividends on ordinary capital Hovements in treasury stock(a) .hare8based payment credit(b) Cividends paid to non8controlling interests &urrency retranslation gainsL(losses) net o! ta4ther movements in e6uity 30 H-#% 2012 @B@ 8 13 8 (6*00@) 8 1A*B @ 2*121 1@*@A1 2*121 62B 21@ 11*11A 2*3 A

8 8 8 8 8 8 8 8 8 8 1A1

8 8 8 8 8 8 8 8 (1) 8 13)

A3 8 (@1) @B 8 AB 8 8 8 8 </K0)0=

8 126 (B1) 2*B @ (1*@@A) ( 0) 131 8 8 (@*1@1) 1AK313

8 126 (126) 2*A22 (1*@@A) 2B 131 8 (1) (@*1@1) 12KAA2

8 8 (36) 21 8 8 8 (101) (@) (230) 13)

A3 126 (162) 3*13A (1*@@A) 2B 131 (101) (A) (@*3 1) 13K315

8 8 8 8 8 8 8 8 8 8 1A1

8 8 8 8 8 8 8 8 @ 8 111

(6A) 8 (1@2) (211) 8 131 8 8 8 8 </K0A0=

8 (661) (10) 1*@1@ (1*323) (10@) 66 8 8 (31) 1@KA@2

(6A) (661) (1A2) 1*203 (1*323) 31 66 8 @ (31) 11K135

8 8 (12) 2@2 8 8 8 (AA) (3) (1@) 511

(6A) (661) (20@) 1*@@1 (1*323) 31 66 (AA) 1 (BA) 1)K1)1

(a) ,ncludes purchases and sales o! treasury stock* and trans!er !rom treasury stock to retained pro!it o! share8settled schemes arising !rom prior years and di!!erences between e-ercise and grant price o! share options. (b) #he share8based payment credit relates to the reversal o! the non8cash charge recorded against operating pro!it in respect o! the !air value o! share options and awards granted to employees.

10

BALAN4E SHEET (unaudited) 2 .i i'# 2s at 30 <une 2013 2s at 31 Cecember 2012 ()estated) 2s at 30 <une 2012 ()estated)

N'#L7-rr%#t ass%ts 0oodwill ,ntangible assets 'roperty* plant and e6uipment 'ension asset !or !unded schemes in surplus Ce!erred ta- assets (inancial assets 4ther non8current assets

1@*@B3 *0@ A*221 1 AB6 12 1B1 33K/02

1@*61A *0AA A*@@1 1B 1*010 131 136 31K012

11*012 *2@A A*113 66B 316 1 @ 162 33K1@1

4-rr%#t ass%ts ,nventories #rade and other current receivables &urrent ta- assets &ash and cash e6uivalents 4ther !inancial assets Don8current assets held !or sale

@*@A0 6*@1@ 26B 3*@6 B0@ @A 1)K1@2 1@K0@1

@*@36 @*@36 21 2*@61 @01 1A2 12K115 1/K1A@

1*003 1*@62 02 @*0A 16@ 1@3 1)K@51 1@K1/)

T'ta ass%ts 4-rr%#t ia3i iti%s (inancial liabilities #rade payables and other current liabilities &urrent ta- liabilities 'rovisions 7iabilities associated with assets held !or sale

A*0AA 12*211 1*3 1 32 1 23K00@

2*616 11*66B 1*12A 361 1 1)KA1)

6*16@ 11*A 1*@ @ 312 8 20K3/5

N'#L7-rr%#t ia3i iti%s (inancial liabilities Don8current ta- liabilities 'ensions and post8retirement healthcare liabilities3 (unded schemes in de!icit $n!unded schemes 'rovisions Ce!erred ta- liabilities 4ther non8current liabilities

6*B0B 1 1*@A6 1*666 A31 1*110 316 12K5/A 3)K555

*161 100 2*060 2*0@0 B@6 1*@1@ @00 11K12) 30K210

*2@B 1BB 2*@B@ 1*AB1 A62 @2 3@2 13K@15 31K311

T'ta ia3i iti%s E8-it& .hareholdersG e6uity Don8controlling interests T'ta %8-it& T'ta ia3i iti%s a#$ %8-it&

12*BB3 @3@ 13K315 1@K0@1

11*3A2 11 1)K@1@ 1/K1A@

1@*@3 1@ 1)K1)1 1@K1/)

11

4ASH FLOW STATEMENT (unaudited) 2 .i i'# 2013 (irst %al! 2012 ()estated) 2*3 A B1B (@A) 2 1 3K123 1B2 (@BB) (11 ) 3B (12B) 66 @ 3K310 (B01) 2K)3@ B1 (B26) 8 (A@) AA6 1)5 (1*32@) (21 ) 8 (13) 31 (B1) <1K/1A=

Det pro!it #a-ation .hare o! net pro!it o! +oint venturesLassociates and other income !rom non8current investments Det !inance costs O0%rati#" 0r'!it Cepreciation* amortisation and impairment &hanges in working capital 'ensions and similar obligations less payments 'rovisions less payments Elimination o! (pro!its)Llosses on disposals Don8cash charge !or share8based compensation 4ther ad+ustments 4ash ! '( !r'. '0%rati#" a7ti,iti%s ,ncome ta- paid N%t 7ash ! '( !r'. '0%rati#" a7ti,iti%s ,nterest received Det capital e-penditure (inancial assets related to ac6uisition o! non8controlling interest (see note 10) 4ther ac6uisitions and disposals 4ther investing activities N%t 7ash ! '( <-s%$ i#=I!r'. i#,%sti#" a7ti,iti%s Cividends paid on ordinary share capital ,nterest and pre!erence dividends paid 2c6uisition o! non8controlling interest &hange in !inancial liabilities 4ther movements on treasury stock 4ther !inancing activities N%t 7ash ! '( <-s%$ i#=I!r'. !i#a#7i#" a7ti,iti%s

2*6B2 A (13) 2B6 3KA@2 1B3 (1*00@) (2@6) @3 (3 2) 121 (1B) 2K@@@ (BA@) 2K10) @B (632) (@23) 120 (311) <5@A= (1*@@A) (221) (331) 1* 2B 2B (101) <3)1=

N%t i#7r%as%I<$%7r%as%= i# 7ash a#$ 7ash %8-i,a %#ts 4ash a#$ 7ash %8-i,a %#ts at th% 3%"i##i#" '! th% 0%ri'$ E!!ect o! !oreign e-change rate changes 4ash a#$ 7ash %8-i,a %#ts at th% %#$ '! th% 0%ri'$

@)3 2K215 3@ 3K201

1K01A 2K@5A (260) 3K5//

12

NOTES TO THE FINAN4IAL STATEMENTS (unaudited) 1 A44OUNTING INFORMATION AND POLI4IES

#he accounting policies and methods o! computation are in compliance with ,2. 3@ J,nterim (inancial )eportingG and e-cept as set out below are consistent with the year ended 31 Cecember 2012. #he condensed interim !inancial statements are based on ,nternational (inancial )eporting .tandards (,().) as adopted by the E$ and ,(). as issued by the ,nternational 2ccounting .tandards 5oard. 9ith e!!ect !rom 1 <anuary 2013 we have implemented ,2. 1A ()evised) JEmployee 5ene!itsG* amendments to ,2. 1 J'resentation o! ,tems o! 4ther &omprehensive ,ncomeG* ,(). 10 J&onsolidated (inancial .tatementsG* ,(). 11 J<oint 2rrangementsG* ,(). 12 JCisclosure o! ,nterests in 4ther EntitiesG and ,(). 13 J(air >alue HeasurementG. ,2. 1A ()evised) JEmployee 5ene!itsG changes disclosure re6uirements and restricts the accounting options available !or de!ined bene!it pension plans. #he return on pension plan assets and !inance charge have been replaced by a net interest e-pense* calculated by applying the liability discount rate to the net de!ined bene!it asset or liability. 2dministration costs by pension !unds will now be recognised as an e-pense when the administration services are per!ormed. #he changes resulted in an increase in operating e-penses o! ? million !or the 6 months to 30 <une 2013 (?6 million !or the 6 months to 30 <une 2012)* an increase in !inance cost o! ?102 million (20123 ?6A million) and a reduction in net de!ined bene!it liability o! ?1AB million in the restated comparative opening balance sheet as at 1 <anuary 2012* with a corresponding increase in actuarial gains or losses on pension schemes be!ore ta-. 2mendments to ,2. 1 J'resentation o! ,tems o! 4ther &omprehensive ,ncomeG re6uire items o! other comprehensive income that may be reclassi!ied to pro!it or loss to be presented separately !rom items that will never be reclassi!ied. #he statement o! comprehensive income has been revised accordingly. ,(). 10 J&onsolidated !inancial statementsG replaces previous guidance on control and consolidation. #he impact on the 0roup is not material. ,(). 11 J<oint 2rrangementsG re6uires +oint arrangements to be accounted !or as a +oint operation or as a +oint venture depending on the rights and obligations o! each party to the arrangement. #he impact on the 0roup is not material. ,(). 12 JCisclosure o! ,nterests in 4ther EntitiesG re6uires enhanced disclosures o! the nature* risks and !inancial e!!ects associated with the 0roupGs interests in subsidiaries* associates* +oint arrangements and unconsolidated structured entities. #he impact on the 0roup is not material. ,(). 13 J(air >alue HeasurementG e-plains how to measure !air value and enhances !air value disclosures. #he standard does not signi!icantly change the measurement o! !air value but codi!ies it in one place. #he impact on the 0roup is not material. 2!ter making appropriate en6uiries* the Cirectors have a reasonable e-pectation that the 0roup has ade6uate resources to continue in operational e-istence !or the !oreseeable !uture. 2ccordingly* they continue to adopt the going concern basis in preparing the hal! year !inancial statements. #he condensed interim !inancial statements are shown at current e-change rates* while percentage year8on8year changes are shown at both current and constant e-change rates to !acilitate comparison. #he income statement on page A* the statement o! comprehensive income on page A* the statement o! changes in e6uity on page 10 and the cash !low statement on page 12 are translated at e-change rates current in each period. #he balance sheet on page 11 is translated at period8end rates o! e-change. #he condensed interim !inancial statements attached do not constitute the !ull !inancial statements within the meaning o! .ection @3@ o! the $F &ompanies 2ct 2006. (ull accounts !or $nilever !or the year ended 31 Cecember 2012 have been delivered to the )egistrar o! &ompanies. #he auditorsG reports on these accounts were un6uali!ied and did not contain a statement under .ection @AB (2) or .ection @AB (3) o! the $F &ompanies 2ct 2006.

13

NOTES TO THE FINAN4IAL STATEMENTS (unaudited) 2 SIGNIFI4ANT ITEMS WITHIN THE IN4OME STATEMENT

,n our income statement reporting we disclose the total value o! non8core items that arise within operating pro!it. #hese are costs and revenues relating to business disposals* ac6uisition and disposal related costs* impairments and other one8o!! items* which we collectively term non8core items* due to their nature and !re6uency o! occurrence. 2 .i i'# 2013 2c6uisition and disposal related costs 0ainL(loss) on disposal o! group companies ,mpairments and other one8o! items Don8core items be!ore ta#a- impact o! non8core items Don8core items a!ter taAttri3-ta3 % t'9 Don8controlling interests .hareholdersG e6uity #he !ollowing table shows the impact o! non8core items on pro!it attributable to shareholders. 2 .i i'# 2013 Det pro!it attributable to shareholdersG e6uity 'ost ta- impact o! non8core items &ore pro!it attributable to shareholdersG e6uity 2*@2A (1A3) 2K23/ (irst %al! 2012 ()estated) 2*121 2 2K1)2 (11) 3 1 8 316 (123) 1A3 (irst %al! 2012 ()estated) (@B) 10 8 (3B) 11 (2 )

8 1A3

8 (2 )

TANATION

#he e!!ective ta- rate !or the !irst hal! was 2 .1% compared to 26.1% in 2012. #he ta- rate is calculated by dividing the ta- charge by pre8ta- pro!it e-cluding the contribution o! +oint ventures and associates. #a- e!!ects o! components o! other comprehensive income were as !ollows3 2 .i i'# 5e!ore ta(air value gainsL(losses) on !inancial instruments 2ctuarial gainsL(losses) on pension schemes &urrency retranslation gainsL(losses) 4ther comprehensive income 10@ 6A (16B) /33 (irst %al! 2013 #a(charge)L credit (11) (1 1) 6 <15/= 2!ter taA3 126 (162) 1)5 5e!ore ta( @) (B13) (20B) <1K13)= (irst %al! 2012 ()estated) #a(charge)L credit 1 1A2 @ 201

2!ter ta(6A) (661) (20@) <@31=

1@

NOTES TO THE FINAN4IAL STATEMENTS (unaudited) 1 SEGMENT INFORMATION L 4ATEGORIES

S%7'#$ B-art%r

'ersonal &are

(oods

)e!reshment

%ome &are

#otal

T-r#',%r (? million) 2012 2013 &hange (%) I.0a7t '!9 E-change rates (%) 2c6uisitions (%) Cisposals (%) U#$%r &i#" sa %s "r'(th (%) 'rice (%) >olume (%)

@*@11 @*63 @.1 (3.1) 8 (0.2) 5*5 1.6 6.0

3*163 3*3 A (1.1) (2.0) 8 (@.2) 1*0 1.6 (0.6)

3*016 2*AB6 (2.3) (@.1) 8 8 1*@ 2. (0. )

2*1B0 2*33@ .0 (2.B) 8 (0.1) 10*2 2.1 .1

13*21@ 13*336 0.6 (3.0) 8 (1.2) )*0 2.0 3.0

First Ha !

'ersonal &are

(oods

)e!reshment

%ome &are

#otal

T-r#',%r (? million) 2012 2013 &hange (%) I.0a7t '!9 E-change rates (%) 2c6uisitions (%) Cisposals (%) U#$%r &i#" sa %s "r'(th (%) 'rice (%) >olume (%) O0%rati#" 0r'!it (? million) 2012 (restated) 2013 4'r% '0%rati#" 0r'!it (? million) 2012 (restated) 2013 O0%rati#" .ar"i# (%) 2012 (restated) 2013 4'r% '0%rati#" .ar"i# (%) 2012 (restated) 2013

B* 11 A*013 3.A (3.6) 8 (0.2) A*0 2.1 1.B

*131 6* 13 (1.3) (1.A) 8 (3. ) 0*2 1.2 (1.0)

1*1 @ 1*0B1 (1. ) (3.6) 8 (0.1) 2*1 3.2 (1.1)

@*3 B @*60A 1.3 (@.0) 8 (0.1) @*A 3.2 6.@

21*3AB 21*100 0.@ (3.2) 8 (1.1) )*0 2.3 2.6

1*@01 1*@A6 1*@@ 1*123 16.1 16.1 16.6 16.B

1*262 1*120 1*262 1*1 1 1 . 22.1 1 . 1 .@

13B 1 1 13B 1 6 10.@ 11.3 10.@ 11.3

21B 301 21@ 302 1.0 6.1 @.A 6.6

3*@23 3*BA2 3*@61 3*1 6 13.1 11.3 13.6 1@.0

#urnover growth e-pressed as a percentage in any period represents the percentage increase (decrease) in turnover !rom period8 to8period measured by underlying sales growth percentage multiplied by the percentage e!!ect o! ac6uisitions* disposals and e-change rates on a compound basis. &ore operating pro!it represents our measure o! segment pro!it or loss as it is the primary measure used !or the purpose o! making decisions about allocating resources and assessing per!ormance o! segments. &ore operating pro!it is calculated as turnover multiplied by core operating margin.

11

NOTES TO THE FINAN4IAL STATEMENTS (unaudited) ) SEGMENT INFORMATION J GEOGRAPHI4AL AREA 2sia L 2HE# L )$5

S%7'#$ B-art%r

#he 2mericas

Europe

#otal

T-r#',%r (? million) 2012 2013 &hange (%) I.0a7t '!9 E-change rates (%) 2c6uisitions (%) Cisposals (%) U#$%r &i#" sa %s "r'(th (%) 'rice (%) >olume (%)

1*11@ 1*3 @.3 (@.2) 8 (0.2) @*2 3.1 1.B 2sia L 2HE# L )$5

@*3BB @*321 (1.@) (3.@) 8 (3.0) )*2 3.2 1.A

3* 12 3*63@ (2.1) (0.B) 8 (0.6) <0*A= (1.2) 0.@

13*21@ 13*336 0.6 (3.0) 8 (1.2) )*0 2.0 3.0

First Ha !

#he 2mericas

Europe

#otal

T-r#',%r (? million) 2012 2013 &hange (%) I.0a7t '!9 E-change rate (%) 2c6uisitions (%) Cisposals (%) U#$%r &i#" sa %s "r'(th (%) 'rice (%) >olume (%) O0%rati#" 0r'!it (? million) 2012 (restated) 2013 4'r% '0%rati#" 0r'!it (? million) 2012 (restated) 2013 O0%rati#" .ar"i# (%) 2012 (restated) 2013 4'r% '0%rati#" .ar"i# (%) 2012 (restated) 2013

A*A 10*@01 @.3 (@.@) 8 (0.1) @*2 3.@ 1.6

B*@ A B*311 (1.1) (@.0) 8 (2.B) )*/ 3.6 1.A

6*A@2 6* @0 (2.A) (0.1) 8 (0.6) <1*@= (1.1) (0.B)

21*3AB 21*100 0.@ (3.2) 8 (1.1) )*0 2.3 2.6

1*33 1*10A 1*3@1 1*@@1 13.@ 1@.1 13.@ 13.A

1*11@ 1*@06 1*1@ 1*16@ 13.1 16.B 13.1 13.A

A 2 A A 3 A6 1@.0 1@.1 1@.0 1@.3

3*@23 3*BA2 3*@61 3*1 6 13.1 11.3 13.6 1@.0

16

NOTES TO THE FINAN4IAL STATEMENTS (unaudited) ) SEGMENT INFORMATION J GEOGRAPHI4AL AREA (continued)

A$$iti'#a "%'"ra0hi7a i#!'r.ati'# (irst %al! 2013 #urnover ?m U#i %,%r T'ta Ceveloped markets Emerging markets 2)K)00 10*A33 1@*16 $.0 % )*0 (1.6) 10.3 $>0 % 2*/ (0.B) 1.1 $'0 % 2*3 (0.B) @.6 #urnover ?m 2)K3@A 11*110 13*B@B (irst %al! 2012 $.0 % 5*0 1.A 11.@ $>0 % 2*A (0.1) 1.@ $'0 % 1*1 2.0 1.B

(irst %al! 2013 #urnover ?m Th% A.%ri7as Dorth 2merica 7atin 2merica AK3)) @*1@2 @*213 $.0 % )*/ (0.A) 12.6 $>0 % 1*@ (1.0) 1.1 $'0 % 3*/ 0.1 .2 #urnover ?m AK15@ @*@ 1 @*00B

(irst %al! 2012 $.0 % 5*5 @.1 11.6 $>0 % 2*0 (0.1) @. $'0 % )*/ @.6 6.6

4OMBINED EARNINGS PER SHARE

#he combined earnings per share calculations are based on the average number o! share units representing the combined ordinary shares o! D> and '7& in issue during the period* less the average number o! shares held as treasury stock. ,n calculating diluted earnings per share and core earnings per share* a number o! ad+ustments are made to the number o! shares* principally3 (i) conversion into '7& ordinary shares in the year 203B o! shares in a group company under the arrangements !or the variation o! the 7everhulme #rust and (ii) the e-ercise o! share options by employees. Earnings per share !or total operations !or the si- months were calculated as !ollows3 2013 4'.3i#%$ EPS J Basi7 Det pro!it attributable to shareholdersG e6uity (? million) 2verage number o! combined share units (millions o! units) &ombined E'. S basic (?) 4'.3i#%$ EPS J Di -t%$ Det pro!it attributable to shareholdersG e6uity (? million) 2d+usted average number o! combined share units (millions o! units) &ombined E'. S diluted (?) 4'r% EPS &ore pro!it attributable to shareholdersG e6uity (see note 2) (? million) 2d+usted average number o! combined share units (millions o! units) &ore E'. S diluted (?) 2012 ()estated) 2*121 2*B26.A 0. 1

2*@2A 2*B36.B 0.B6

2*@2A 2*A21.6 0.B3

2*121 2*A16.B 0. 3

2*236 2*A21.6 0. 6

2*112 2*A16.B 0. @

,n calculating core earnings per share* net pro!it attributable to shareholdersG e6uity is ad+usted to eliminate the post ta- impact o! business disposals* ac6uisition and disposals and related costs* impairments* and other one8o!! items.

NOTES TO THE FINAN4IAL STATEMENTS (unaudited) / 4OMBINED EARNINGS PER SHARE (continued)

Curing the period the !ollowing movements in shares have taken place3 Dumber o! shares at 31 Cecember 2012 (net o! treasury stock) Det movements in shares under incentive schemes Dumber o! shares at 30 <une 2013 Hillions 2*B31.B .1 2*B3B.A

A4BUISITIONS AND DISPOSALS

4n 3 <anuary 2013 the 0roup announced that it has signed a de!initive agreement to sell its global .kippy business to %ormel (oods !or a total cash consideration o! appro-imately $.M 00 million. #he transaction completed on 31 <anuary 2013 (e-cluding the portion operated out o! &hina* which remains sub+ect to regulatory approval and is e-pected to close later this year).

FINAN4IAL INSTRUMENTS

#he 0roup is e-posed to the risks o! changes in !air value o! its !inancial assets and liabilities. #he !ollowing table summarises the !air values and carrying amounts o! !inancial instruments. (air value 2 .i i'# 2s at 30 <une 2013 3*@6 @A 321 11 @20 2s at 31 Cecember 2012 2*@61 2A 3 6B 8 2s at 30 <une 2012 @*0A 30 B3 21 8 2s at 30 <une 2013 3*@6 @A 321 11 @20 &arrying amount 2s at 31 Cecember 2012 2*@61 2A 3 6B 8 2s at 30 <une 2012 @*0A 30 B3 21 8

Fi#a#7ia ass%ts &ash and cash e6uivalents %eld8to8maturity investments 7oans and receivables 2vailable8!or8sale !inancial assets (inancial assets related to ac6uisition o! non8 controlling interest (see note 10) (inancial assets at !air value through pro!it and loss3 Cerivatives 4ther Fi#a#7ia ia3i iti%s 're!erence shares 5ank loans and overdra!ts 5onds and other loans 7iabilities related to ac6uisition o! non8controlling interests(a) (inance lease creditors Cerivatives

21B 2B )K21A (120) (1*210) (10*A03)

1 0 @ 3K101 (112) (1*3@ ) (A*@1B)

216 @@ )K23) (10A) (1*B31) (12*1B2)

21B 2B )K21A (6B) (1*210) (10*232)

1 0 @ 3K101 (6B) (1*3@6) (B*@ A)

216 @@ )K23) (6B) (1*B31) (11*102)

(@*03@) 8 8 (@*03@) 8 8 (226) (233) (23B) (203) (202) (20B) (160) (126) (203) (160) (126) (203) <1/K/)3= <11K25/= <11K@/3= <1)K@05= <10K221= <13KA12= (a) ,ncluded in liabilities related to ac6uisition o! non8controlling interests is ?3* 1@ million relating to ac6uisition o! shares in %industan $nilever (see note 10) and other non8controlling interests totalling ?2B0 million. #he !air value o! trade receivables and payables is considered to be e6ual to the carrying amount o! these items due to their short8 term nature. #here were no signi!icant changes in classi!ication o! !air value o! !inancial assets and !inancial liabilities during the period. 4a 7- ati'# '! !air ,a -%s #he !air values o! the !inancial assets and liabilities are de!ined as the price that would be received to sell an asset or paid to trans!er a liability in an orderly transaction between market participants at the measurement date. Hethods and assumptions used to estimate the !air values are consistent with those used in the year ended 31 Cecember 2012.

1B

NOTES TO THE FINAN4IAL STATEMENTS (unaudited) @ DI;IDENDS

#he 5oards have declared a 6uarterly interim dividend !or =2 2013 at the !ollowing rates which are e6uivalent in value at the rate o! e-change applied under the terms o! the E6ualisation 2greement between the two companies3 'er $nilever D.>. ordinary share3 'er $nilever '7& ordinary share3 'er $nilever D.>. Dew Oork share3 'er $nilever '7& 2merican Cepositary )eceipt3 ? 0.26A0 T 0.2312 $.M 0.31@1 $.M 0.31@1

#he 6uarterly interim dividends have been determined in euros and converted into e6uivalent sterling and $. dollar amounts using e-change rates issued by the European &entral 5ank on 23 <uly 2013. #he 6uarterly dividend calendar !or the remainder o! 2013 will be as !ollows3

2nnouncement Cate =uarterly dividend S !or =2 2013 =uarterly dividend S !or =3 2013 21 <uly 2013 2@ 4ctober 2013

E-8Cividend Cate 2ugust 2013 6 Dovember 2013

)ecord Cate A 2ugust 2013 B Dovember 2013

'ayment Cate 11 .eptember 2013 11 Cecember 2013

$. dollar che6ues !or the 6uarterly interim dividend will be mailed on 10 .eptember 2013 to holders o! record at the close o! business on A 2ugust 2013. ,n the case o! the D> Dew Oork shares* Detherlands withholding ta- will be deducted.

10

IN4REASE IN STAKE IN HINDUSTAN UNILE;ER

4n 30 2pril 2013* the 0roup announced the proposed ac6uisition o! up to @B *00@* 2 !ully paid8up e6uity shares in %industan $nilever 7imited (representing up to 22.12% o! the total shareholding) !or a consideration o! 600 ,D) per share. #he o!!er period opened on 21 <une 2013 and closed on @ <uly 2013. 4n 30 2pril 2013* ,D) 2A billion was deposited into an escrow account !or the purpose o! buying %industan $nilever 7imited shares and was restricted !or any other purpose. 2s at 30 <une 2013 the !unds were still held in escrow and ?@20 million is included within J#rade and other receivablesG on the balance sheet. #he cash !low statement includes a ?@23 million cash out!low in Jac6uisition o! non8controlling interestsG within investing activities* re!lecting the deposit o! !unds into escrow. 2t 30 <une 2013* a !inancial liability o! ,D) 2A2 billion (?3* 1@ million) is held on the balance sheet in relation to the %industan $nilever 7imited share purchase. #his represents the ma-imum number o! shares that could have been purchased multiplied by the o!!er price. #he relevant percentage o! the non8controlling interest in %industan $nilever 7imited within e6uity (?1BA million) is shown as attributable to shareholders and the remainder (?3*161 million) is recorded in retained earnings. .ubse6uent to the hal! year* on 1B <uly 2013 $nilever paid ,D) 1A2 billion !or 31A*163*3AB shares in %industan $nilever 7imited (representing 1@. B% o! the total shareholding). 2s a result* the relevant percentage o! the non8controlling interest in %industan $nilever 7imited within e6uity that will be shown as attributable to shareholders is ?12B million and the amount recorded in retained earnings will be ?2*3B million (using 30 <une 2013 e-change rates). #hese amounts are lower than those recorded at 30 <une 2013 as the o!!er was not !ully taken up and the !irst hal! 2013 results are not retrospectively amended to re!lect this event a!ter the balance sheet date.

11

E;ENTS AFTER THE BALAN4E SHEET DATE

#here were no material post balance sheet events other than those mentioned elsewhere in this report.

1A

RESPONSIBILITIES OF DIRE4TORS #he Cirectors declare that* to the best o! their knowledge3 this condensed set o! interim !inancial statements* which have been prepared in accordance with ,2. 3@ J,nterim (inancial )eportingG* gives a true and !air view o! the assets* liabilities* !inancial position and pro!it or loss o! $nileverN and the interim management report gives a !air review o! the in!ormation re6uired pursuant to $F C#) regulations @.2. and @.2.B and section 1321d (B)L(A) o! the Cutch 2ct on (inancial .upervision (9et op het !inancieel toeKicht).

$nileverGs Cirectors are listed in the 2nnual )eport and 2ccounts !or 2012* with the e-ception o! certain changes !ollowing the $nilever D.>. and $nilever '7& 20Hs3 .unil 5harti Hittal retired as a Don8e-ecutive Cirector on 11 Hay 2013 7aura &ha became a Don8e-ecutive Cirector on 11 Hay 2013 Hary Ha became a Don8e-ecutive Cirector on 11 Hay 2013 <ohn )ishton became a Don8e-ecutive Cirector on 11 Hay 2013

Cetails o! all current Cirectors are available on our website at www.unilever.com.

5y order o! the 5oard 'aul 'olman &hie! E-ecutive 4!!icer 21 <uly 2013 <ean8Harc %uUt &hie! (inancial 4!!icer

20

Вам также может понравиться