Source document: unilever-plc_2019

Question: What is the increase in the Fixed Pay approved by the committee?
Facts: The Committee has approved Fixed Pay increases of 4% for the CEO and 3% for the CFO, effective from 1 January 2020.
Answer: The Committee has approved Fixed Pay increases of 4% for the CEO and 3% for the CFO, effective from 1 January 2020.

Question: Who were these increases awarded to?
Facts: These increases were awarded to recognise the strong leadership of both individuals in 2019, which was Alan Jope’s first year in the CEO role and a year of transformation for Unilever generally. We also wanted to recognise Graeme Pitkethly’s seniority in his role, coming into his 5th year as CFO.
Answer: These increases were awarded to recognise the strong leadership of both individuals in 2019, which was Alan Jope’s first year in the CEO role and a year of transformation for Unilever generally. We also wanted to recognise Graeme Pitkethly’s seniority in his role, coming into his 5th year as CFO.

Question: What was the Fixed Pay percentage when CEO Alan Jope joined?
Facts: 14%
Answer: 14%

Question: What is the increase / (decrease) in Fixed Pay for Alan Jope CEO from 2019 to 2020?
Facts: 1,450; 1,508
Derivation: 1,450 - 1,508
Answer: -58 million

Question: What is the percentage difference between the Fixed pay of CEO and CFO in 2020?
Facts: 1,136; 1,508
Derivation: 1,508 / 1,136 - 1
Answer: 32.75 percent

Question: What is the difference in the target total pay between CEO and CFO in 2020?
Facts: 3,869; 6,043
Derivation: 6,043 - 3,869
Answer: 2174 million

Question: What caused the increase in Goodwill in 2019?
Facts: mainly as a result of acquisitions which contributed €1.2 billion and favourable currency impact of €0.5 billion driven by strengthening of the US Dollar and Pound Sterling.
Answer: mainly as a result of acquisitions which contributed €1.2 billion and favourable currency impact of €0.5 billion driven by strengthening of the US Dollar and Pound Sterling.

Question: What caused the increase in the cash and cash equivalents in 2019?
Facts: The increase is primarily due to strong cash delivery in several countries which will be used to repay short term debt in due course.
Answer: The increase is primarily due to strong cash delivery in several countries which will be used to repay short term debt in due course.

Question: What caused the increase in the Current and non-current financial liabilities in 2019?
Facts: as a result of commercial paper issue and bank borrowings.
Answer: as a result of commercial paper issue and bank borrowings.

Question: What is the increase in Goodwill and intangible assets from 2018 to 2019?
Facts: 29,493; 31,029
Derivation: 31,029 - 29,493
Answer: 1536 million

Question: What is the percentage increase / (decrease) in Total Assets from 2018?
Facts: 61,111; 64,806
Derivation: 64,806 / 61,111 - 1
Answer: 6.05 percent

Question: What is the Current Ratio in 2019?
Facts: 16,430; 20,978
Derivation: 16,430 / 20,978
Answer: 0.78

Question: What caused the increase in the cash flow from operating activities in 2019?
Facts: mainly driven by working capital improvement in 2019 compared to the prior year which was impacted by the disposal of spreads
Answer: mainly driven by working capital improvement in 2019 compared to the prior year which was impacted by the disposal of spreads

Question: What contributed to the Gross Profit margin improvement?
Facts: a result of strong delivery from 5-S savings programmes
Answer: a result of strong delivery from 5-S savings programmes

Question: What constituted the cash inflow from investing activities in 2018?
Facts: included €7.1 billion from the disposal of spreads business
Answer: included €7.1 billion from the disposal of spreads business

Question: What is the change in the operating profit? 
Facts: 12,639; 8,708
Derivation: 8,708 - 12,639
Answer: -3931 thousand

Question: What is the increase / (decrease) in the Free Cash Flow?
Facts: 5,433; 6,132
Derivation: 6,132 - 5,433
Answer: 699 thousand

Question: What is the average Depreciation, amortisation and impairment?
Facts: 1,982; 2,216
Derivation: (1,982 + 2,216) / 2
Answer: 2099 thousand

Question: What does the underlying operating profit represent? 
Facts: Underlying operating profit represents our measure of segment profit or loss as it is the primary measure used for making decisions about allocating resources and assessing performance of the segments.
Answer: Underlying operating profit represents our measure of segment profit or loss as it is the primary measure used for making decisions about allocating resources and assessing performance of the segments.

Question: How is the operating margin computed?
Facts: For each Division operating margin is computed as operating profit divided by turnover and underlying operating margin is computed as underlying operating profit divided by turnover.
Answer: For each Division operating margin is computed as operating profit divided by turnover and underlying operating margin is computed as underlying operating profit divided by turnover.

Question: What is the definition of the Underlying operating profit and underlying operating margin?
Facts: Underlying operating profit and underlying operating margin mean operating profit and operating margin before the impact of non-underlying items within operating profit.
Answer: Underlying operating profit and underlying operating margin mean operating profit and operating margin before the impact of non-underlying items within operating profit.

Question: What is the increase / (decrease) in the operating profit from 2018 to 2019?
Facts: 12,639; 8,708
Derivation: 8,708 - 12,639
Answer: -3931 million

Question: What is the increase / (decrease) in the operating margin from 2018 to 2019?
Facts: 16.8; 24.8
Derivation: 16.8 - 24.8
Answer: -8 percent

Question: What is the average turnover?
Facts: 50,982; 51,980; 53,715
Derivation: (51,980 + 50,982 + 53,715) / 3
Answer: 52225.67 million

Question: What does the underlying effective tax rate measure reflects?
Facts: reflects the underlying tax rate in relation to profit before tax excluding non-underlying items before tax and share of net profit/(loss) of joint ventures and associates.
Answer: reflects the underlying tax rate in relation to profit before tax excluding non-underlying items before tax and share of net profit/(loss) of joint ventures and associates.

Question: How is the underlying effective tax rate calculated?
Facts: dividing taxation excluding the tax impact of non-underlying items by profit before tax excluding the impact of non-underlying items and share of net profit/(loss) of joint ventures and associates
Answer: dividing taxation excluding the tax impact of non-underlying items by profit before tax excluding the impact of non-underlying items and share of net profit/(loss) of joint ventures and associates

Question: How is the tax impact on non underlying items within operating profit calculated?
Facts: sum of the tax on each non-underlying item, based on the applicable country tax rates and tax treatment
Answer: sum of the tax on each non-underlying item, based on the applicable country tax rates and tax treatment

Question: What is the increase / (decrease) in Profit before taxation from 2018 to 2019?
Facts: 12,360; 8,289
Derivation: 8,289 - 12,360
Answer: -4071 million

Question: What is the Underlying effective tax rate change from 2018 to 2019?
Facts: 25.5; 25.7
Derivation: 25.5 - 25.7
Answer: -0.2 percent

Question: What is the average taxation?
Facts: 2,263; 2,572
Derivation: (2,263 + 2,572) / 2
Answer: 2417.5 million

Question: How is the carbon emission factor for grid calculated?
Facts: Carbon emission factors for grid electricity calculated according to the marketbased method'
Answer: Carbon emission factors for grid electricity calculated according to the marketbased method'

Question: UK accounts for what percentage of Total Scope 1 and 2?
Facts: 5%
Answer: 5%

Question: In which scope is transportation included?
Facts: Scope 3
Answer: Scope 3

Question: What is the increase in the Biogas from 2018 to 2019?
Facts: 15,958; 17,045
Derivation: 17,045 - 15,958
Answer: 1087

Question: What is the average total energy?
Facts: 408,280; 469,950
Derivation: (408,280 + 469,950) / 2
Answer: 439115

Question: What is the percentage increase / (decrease) in Fuel Oils from 2018 to 2019?
Facts: 580; 648
Derivation: 580 / 648 - 1
Answer: -10.49 percent

Question: What is Net Debt?
Facts: Net debt is a measure that provides valuable additional information on the summary presentation of the Group’s net financial liabilities and is a measure in common use elsewhere.
Answer: Net debt is a measure that provides valuable additional information on the summary presentation of the Group’s net financial liabilities and is a measure in common use elsewhere.

Question: How is Net Debt calculated?
Facts: excess of total financial liabilities, excluding trade payables and other current liabilities, over cash, cash equivalents and other current financial assets
Answer: excess of total financial liabilities, excluding trade payables and other current liabilities, over cash, cash equivalents and other current financial assets

Question: What is excluded from Net Debt calculation?
Facts: trade and other current receivables, and non-current financial asset derivatives that relate to financial liabilities.
Answer: trade and other current receivables, and non-current financial asset derivatives that relate to financial liabilities.

Question: What is the average total financial liabilities?
Facts: 26,738; 28,257
Derivation: - (28,257 + 26,738) / 2
Answer: -27497.5 million

Question: What is the change in the Cash and cash equivalents as per balance sheet from 2018 to 2019?
Facts: 3,230; 4,185
Derivation: (4,185 - 3,230)
Answer: 955 million

Question: What is the percentage change in Net Debt?
Facts: 22,634; 23,051
Derivation: (23,051 / 22,634) - 1
Answer: 1.84 percent

Question: How is the underlying operating profit calculated?
Facts: underlying operating profit before tax multiplied by underlying effective tax rate
Answer: underlying operating profit before tax multiplied by underlying effective tax rate

Question: What is Return on Invested Capital (ROIC) ?
Facts: measure of the return generated on capital invested by the Group
Answer: measure of the return generated on capital invested by the Group

Question: How is ROIC calculated?
Facts: underlying operating profit after tax divided by the annual average of: goodwill, intangible assets, property, plant and equipment, net assets held for sale, inventories, trade and other current receivables, and trade payables and other current liabilities.
Answer: underlying operating profit after tax divided by the annual average of: goodwill, intangible assets, property, plant and equipment, net assets held for sale, inventories, trade and other current receivables, and trade payables and other current liabilities.

Question: What is the average Goodwill?
Facts: 17,341; 18,067
Derivation: (18,067 + 17,341) / 2
Answer: 17704 million

Question: What is the increase / (decrease) in inventories?
Facts: 4,164; 4,301
Derivation: 4,164 - 4,301
Answer: -137 million

Question: What is the percentage of tax on underlying operating profit before tax in 2019?
Facts: 2,536; 9,947
Derivation: 2,536 / 9,947
Answer: 25.5 percent

Question: What does Return on Invested Capital (ROIC) represent? 
Facts: provides a guide rail for longterm value creation and encourages compounding reinvestment within the business and discipline around acquisitions with low returns and long payback
Answer: provides a guide rail for longterm value creation and encourages compounding reinvestment within the business and discipline around acquisitions with low returns and long payback

Question: How is the constant underlying earnings per share calculated?
Facts: underlying profit attributable to shareholders’ equity at constant exchange rates and excluding the impact of both translational hedges and price growth in excess of 26% per year in hyperinflationary economies divided by the diluted average number of ordinary share units
Answer: underlying profit attributable to shareholders’ equity at constant exchange rates and excluding the impact of both translational hedges and price growth in excess of 26% per year in hyperinflationary economies divided by the diluted average number of ordinary share units

Question: What does the constant underlying earnings per share reflect?
Facts: underlying earnings for each ordinary share unit of the Group in constant exchange rates
Answer: underlying earnings for each ordinary share unit of the Group in constant exchange rates

Question: What is the EPS in 2019?
Facts: 2.51
Answer: 2.51 million

Question: What is the percentage increase Underlying profit attributable to shareholders’ equity from 2018 to 2019?
Facts: 6,345; 6,688
Derivation: 6,688 / 6,345 - 1
Answer: 5.41 percent

Question: What is the change in the Diluted combined average number of share units (millions of units) from 2018 to 2019?
Facts: 2,626.7; 2,694.8
Derivation: 2,626.7 - 2,694.8
Answer: -68.1 million

Question: What is the average Constant underlying earnings attributable to shareholders’ equity?
Facts: 6,381; 6,593
Derivation: (6,593 + 6,381) / 2
Answer: 6487 million