Overview Reports ee BALANCE SHEET (Contd.) as at 31st March, 2018 (All amounts in¢ crores, unless otherwise stated) Beat heat Particulars. Note 3tstMarch, 2018 __31st March, 2017, EQUITY AND LIABILITIES Equity Equity share capital " 216 28 ther eauity 184 6.959 627% Liabilities Non-current liabilities Financial liabilities ‘ther financial tabities 1” 115 n Provsions. 2 ™m 485 Non-current tax liabilities [net 0 384 26 ther non-currentliailites 2 167 207 Current liabilities Financial liabilities Trade payables ‘ues to mero and small enterprises 2 ss ° Dues to Others 2 7013 6,006 ther financial abilities 1” 203 181 Other current (abilities 2 769 628 Provisions 2 fal a7 TOTAL EQUITY AND LIABILITIES 17.168 16,751 Basis of preparation, measurement and significant accounting policies 2 Contingent labiities and commitments 2 ‘The accompanying notes are an integral part of these financial statements ‘As per our report of even date For and on behalf of Board of Directors For BSR&Co.LLP Sanjiv Mehta Srinivas Phatak Firm Registration No. 101248W/W- 100022 ‘Managing Director and CEO Executive Director Chartered Accountants [DIN: 06699923) IFinance & 17] ana CFO loIN: 02743340), Akeel Master ‘Aditya Narayan Dev Bajpal Partner Chairman - Audit Committee Executive Director Membership No, 946768 {DIN: 69012084) Legal & Corporate Affairs and Company Secretary Membership No. FCS 3354 ‘Suman Hegde Group Contraller Mumba, 14th May, 2018 Mumbai, 14th May. 2018 ‘Annual Report 2017-18 Hindustan Unilever Limited76 Standalone STATEMENT OF PROFIT AND LOSS for the year ended 31st March, 2018 {All amounts in¢ crores, unless otherwise stated) akc Note stsarch 2018 atstarch 2017 INCOME Revenue rom operations Fa as218 uae? ater income 2 os Ea TOTALINCOME 35,787 35018 EXPENSES Coat of materials consumed an 1240 nae Purchases o!stockintrade 2 aan 46 Changes in inventories bf fished goods ineudng stock-n-radel and 29 tn 136 worksin-progress Braise duy 0 63 2397 Employee benefits expenses a 1.748 1420 Finance costs 2 20 2 Depreciation ang amortisation expenses 3 ane 39% ther expenses ED 2538 TOTAL EXPENSES Profit before exceptional items and tax 7367 6.155 Exceptional items % (oa 2 Profit before tax 6.39% Taxexpenses Current tx oy (2,108) (1,865) Deferred tax credivlenarge) ” 100 wa PROFIT FOR THE YEAR (A) 5,237 4490 Hindustan Unilever Limited Annual Report 2017-1overview Reports a. (All amounts in¢ crores, unless otherwise stated) Year andes Year ended esas) Neel 31st March, 2018 __31st March, 2017, OTHER COMPREHENSIVE INCOME lems that will not be reclassified subsequently to profit or loss Remeasurements of the net defined benefit plans 8c el |32) Income tax relating to items that will not be reclassified subsequently ‘to profit or loss Remeasurements of the net defined benefit plans 9A 5 u IRems that will be reclassified subsequently to profit or loss Fair value of debt instruments through ether comprehensive income 180 ia] 1 Income tax relating to items that will he reclassified subsequently to profit or loss Fair value of debt instruments through other comprehensive income mm 1 0) OTHER COMPREHENSIVE INCOME FOR THE YEAR (8) tr) (201 TOTAL COMPREHENSIVE INCOME FOR THE YEAR (A+B) 5,225 4,470 Earnings per equity share Basic [Face value of €1 each) a £26.20 £20.75 Diluted [Face value of 1 each) % T2619 £20.76 Basis of preparation, measurement and significant accounting policies 2 ‘The accompanying notes are an integral part of these financial statements ‘As per our report of ever date For and on behall of Board of Directors ForBSRA&Co.LLP Sanjiv Mehta Srinivas Phatak Firm Megistration No, 101248W/W - 100022 Managing Director and CEO Executive Director Chartered Accountants [DIN: 06699923) IFinance & IT} ard CFO {DIN:02743340), ‘Akool Master ‘Aditya Narayan Dev Bajpat Partner Chairman - Audit Committee Executive Director Membershio No. 046768 {OIN: 00012084) Legal & Corporate Affairs and Suman Hegde Group Controller Mumbai, 14th May, 2018 Mumbai, 14th May, 2018 Company Secretary Membership No. FC5 3354 ‘Annual Report 2017-18 Hindustan Unilever Limited78 Standalone STATEMENT OF CHANGES IN EQUITY for the year ended 31st March, 2018 {All amounts in¢ crores, unless otherwise stated) ‘A. EQUITY SHARE CAPITAL Balance ‘Be at 31a March, 2016 216 Changes in equity share capital during the year o As at 31st March, 2017 26 Changes in equity share capital during the year 0 ‘As at 31st March, 2018 26 B. OTHER EQUITY eserves ad url Tes ofa Corben name [OT Tapial Capt Seales Emplyee General Reained Oar Remessurements Det Teal Reserve Redemption Proniom StockOplons Roser Earnings Reserves efntaafined_insrumens Reserve Revere Gusanlg Denelitpans rough oC! ‘eount Rea inward, 26 rs ‘ a ae 7 wT 7 6 Pra rte yar tun 90 he tne ee eat te 1 “aeangrebrsiinoe they a k zi aT z co} ra) Tine guy ae rhe eer z ami = asi Neat De srt i ate ‘ i fl el lo ine of eqay chem ot a i epi sick epns eat Sete shar basedpayer: re s 5 Asauaistmare, 207 “ eat seam z ia 14a rat rea : 3a 7 3a hl rer aha etbyia i z z tv m0 “ealcamgrobeese nse rth year z = zi z ST = 0 i) Trae neu) eae rhe ear = Bae 5 oa Nowa Don inate hte E i les ego tare on ore ot 4 wi z S trp sek ape Teast hr bved paar 1 1 Asafa 208 z esis 30a as + a wa fa] Refer note 183 for nature and aurpose af reserves, b] The Scheme of Arrangement [Scheme] between the Company and its Members, envisages the transfer of balance of & 2,187 crores standing to the dit of General Reserves to the Profit and Loss account (currently cevained earningsl. "he Scheme, under relovant sections of the Companies Aet, 1956 and 2013, was approved in annual general meeting held an 30th June, 2016 and is now penging for approval with National Company Law Tribunal (NCLTI The accompanying notes are an integral part of these financial statements ‘As per our report of even date For 8SR&Co.LLP Firm Registration No. 101248W/ Chartered Accountants 100022 Akeel Master Partner Membership No. 046768 Mumba’ 14th May, 2018 For and on behalf of Board of Directors Sanjiv Mehta Managing Airector and CEO [DIN. 06699923) Srinivas Phatak Executive Director [Finance & lang FO IDIN: 02743340), Dev Bajpat Executive Director Loyal & Corporate Affairs and Company Secretary Membership No. FOS 3454 ‘Aditya Narayan Chairman - Audit Committee (DIN: 9012084) ‘Suman Hegde Group Controller Mumbai: 14th May. 2018 Hindustan Unilever Limited Annual Report 2017-18,overview Reports STATEMENT OF CASH FLOWS for the year ended 31st March, 2018 a. (All amounts in¢ crores, unless otherwise stated) ‘A__CASH FLOW FROM OPERATING ACTIVITIES: Year ent 31st March, 2018 Year ended at March, 2017 Profit before exceptional items and tax 7,367 6,155 Adjustments far: Depreciation ang amortisation expenses 478 396 [Profil /loss on sale of property, plant and equioment. % 13 Government grant accrued (172) Interest income (268) (242) DBivdand income (190) (178) Fairvalue (gain/loss an invesimen's (113) (86) Net gainiloss on sale of investments : io} Inerast expense 2 2 Provision for expenses on employee stock options "1 4 Impairment of nan-currant investments 5 8 Provision/{write back] for Inventory (net) 4“ 2 Inventory written off 126 tor Provision/{write back} for doubtful debts and advances (net) 2 4 Bad debts/assets written off 3 2 Mark-to-market (gain|toss on derwvatve financial instruments (a) 13 Cash Generated from operations before working capital changes 7307 e219 Adjustments for: lIncrease}/decrease in Non current toans (Security deposits and Others} (20) (46) IIncreasel/decrease in other non-current financial assets (0) 20 IInceease'/decrease in ather current financial assets (285) (58) IIncrease\/decrease in other non-current assets (20) {19} lIncreasel/decrease in other current assets (53) (aa) IIncreasel/decrease in trade receivables (224) 131 UIncreasel/decrease in inventories (162) 38 Increase/Idecreasel in trade payables 1,907 508 Increase/[decreasel in other nen-current financial liabilities @ 52 Increase/Idecreasel in other current financial liabilities 2 ra) Increase/|decrease] in ron-current provisions am 37) Increase/Idecreasel in current provisions 219 6 Increase/|decreasel in other non-current abilities (3) ia Increase/Idecreasel in other current liabilities 141 1 Cash generated from operations B26 6257 Taxes paid (net of refunds] 1.783) Cash flaw before exceptional items 4,976 Exceptional items: ‘Amounts paid for ather restructuring activities (21 en “Taxes paid for exceptional tems % Net cash (used in] / generated from operating activities - [A] 5916 353 ‘Annual Report 2017-18 Hindustan Unilever Limited80 Standalone STATEMENT OF CASH FLOWS ([Contd.) for the year ended 31st March, 2018 {All amounts in¢ crores, unless otherwise stated) Year eni Year ended 3st March, 2018 __3tstMarch, 2017 B CASH FLOW FROM INVESTING ACTIVITIES: Purchase of property, plant and equioment (ea) (1,024) Sale proceeds of propery. plant and equipment 16 5 Purchase of Intangibles (6) (308) Sale proceeds of nan-current investments 4 0 Purchase of current investments (47,755) (26,230) Sale of current investments 48,530 25,260 Loans given to subs‘diaries (183) (84) Loans repaid by subsidianes 156 48 Redemplion/malurityof bank depesits having original maturity f more than 3 1,185 2590 months} Investment in bark deposits having original maturity of more than 3 months) ean) 10.585) Invesiment in nan-current deposits with banks o) it) Incerest receives 29 266 Dividend rece-ved from subsidiaries 188 167 Dividend rece ved from others 2 Cashflow fore exceptional items T3641 Exceptional item Consideration received on disposal of surplus p-operies 10 167 Cansideration recived on disposal sf jant venture n 20 Taxes pais for exceptionaltems (31 (ea) Nat cash (used inl / generated from investing activities - [8] Tiz64) 752) T_ CASH FLOW FROM FINANCING ACTIVITIES: Dividends pais (3.872) t356) Dividend dstrioution tax paid (755) (693) Amounts deposited in hank accounts towards unpaid dividends (2a) 119) Interest paid (0) (0) Proceeds from share allatment under employee stock options performance share ° ° Net cash {used inl / generated financing activities = [61 ean Tez64] Nat inerease/{decreasel in cash and cash equivalents ~[A+B+CI 7 (63] ‘Add: Cash and cash equivalents at the beginning of the year (refer note 13), 572 635 Cash and cash equivalents atthe end ofthe year (refer note 13) 573 ar Note: The above Statement of Cash Flows has been prepared under the ‘indirect Method! as set out in Ind AS 7, ‘Statement of Cash Flows! The accompanying notes are an integral part of these financial statements ‘As per our report of even date For and on behali of Board of Directors For BSR&Co.LLP Sanjiv Mehta Srinivas Phatak Firm Registration No. 101248W/W.- 100022 Managing Director and CEO Executive Director Chartered Accountants [DIN 06699923) IFinance & IT] ang CFO lIN: 92743340), ‘Akeol Master ‘Aditya Narayan Dev Bajpal Partner ‘Chairman - Audit Committee Frecutive Director Membership No, 946768 (DIN: co012086) Legal & Corporate Afsirs ana Company Secretary Membership No. FOS 3354 ‘Suman Hegde Group Controller Mumba, 1éth May, 2018 Mumbai, 16th M Hindustan Unilever Limited Annual Report 2017-1