Unilever Group

Consolidated Income Statement

for the year ended 31st December
2021
Revenue 52,444
Cost of sales 30,259
Gross profit 22,185
Operating expenses
Research and development costs 847
Selling, general and administrative expenses 6,873
Other operating expenses 5,763
Total operating expenses 13,483
Operating profit (EBIT) 8,702
Net finance costs 354
Share of net profit/(loss) of joint ventures and associates 191
Other income/(loss) from non-current investments and associates 91
Non-underlying item net monetary gain/(loss) arising from hyperinfl -74
Income before tax 8,556
Income tax expense 1,935
Net Profit 6,621
 Consolidated Balance Sheet
Figures in € millions as at 31 December
2020
50,724 Notes
28,684 Assets
22,040 Non-current assets
Goodwill 9
800 Intangible assets 9
7091 Property, plant and equipment 10
5,846 Pension asset for funded schemes in surplus 4B
13,737 Deferred tax assets 6B
8,303 Financial assets 17A
505 Other non-current assets 11
175
3 Current assets
20 Inventories 12
7,996 Trade and other current receivables 13
1,923 Current tax assets
6,073 Cash and cash equivalents 17A
Other financial assets 17A
Assets held for sale 22

Total assets
Liabilities
Current liabilities
Financial liabilities 15C
Trade payables and other current liabilities 14
Current tax liabilities
Provisions 19
Liabilities held for sale 22

Non-current liabilities
Financial liabilities 15C
Non-current tax liabilities
Pensions and post-retirement healthcare liabilities:
Funded schemes in deficit 4B
Unfunded schemes 4B
Provisions 19
Deferred tax liabilities 6B
Other non-current liabilities 14
Total liabilities
Equity
Shareholders’ equity
Non-controlling interests
Total equity
Total liabilities and equity
€ million € million
2021 2020

20,330 18,942
18,261 15,999
10,347 10,558
5119 2722
1,465 1,474
1198 876
974 931
57,694 51,502

4,683 4,462
5,422 4,939
324 372
3,415 5,548
1156 808
2401 28
17,401 16,157
75,095 67,659

7,252 4,461
14,861 14,132
1365 1,451
480 547
820 1
24,778 20,592

22,881 22,844
148 149

831 1,109
1,295 1,326
611 583
4,530 3,166
275 235
30,571 29,412
55,349 50,004

17107 15266
2639 2389
19746 17655
75,095 67,659