Unilever Nigeria : Unaudited Statement of Financial Position and CashFlows December 2022

Unilever Nigeria PLC (RC 113)

1 Billings Way, Oregun

P.O. Box 1063, Ikeja Lagos

T: [phone] & [phone]

www.unilevernigeria.com

UNAUDITED RESULTS FOR TWELVE MONTH ENDED 31 DECEMBER 2022

Statement of Financial Position	Statement of Cash Flows for the Period Ended
As at

	31/12/2022	31/12/2021	Changes vs 2021
	N 'mill	N 'mill	N 'mill
Non-current assets	21,429	22,380	(951)
Current assets	101,263	85,909	15,355
Current liabilities	(50,570)	(40,218)	(10,352)
Net current Assets	50,694	45,691	5,003
Total assets less current liabilities	72,122	68,071	4,051
Non-current liabilities	(2,932)	(2,309)	(622)
Net assets	69,191	65,762	3,429
Shareholders' funds	69,191	65,762	3,429

	31/12/2022	31/12/2021
	N 'mill	N 'mill
Net cashflow genarated from operating activities	12,459	20,090
Net cash flows/ (used) in investing activities	735	(928)
Net cash used in financing activities	(714)	(363)
At start of the year	55,698	37,101
Impact of foreign exchange movement on		(202)
cash balance
Inrease in cash and cash equivalents	12,479	18,799
As at end of the year	68,177	55,698

His Majesty N.A Achebe CFR, MNI	Carl Cruz	Folake Ogundipe
Chairman	Managing Director	National Finance Director
FRC/2013/NIM/00000001568	FRC/2022/PRO/DIR/003/023359	FRC/2019/ICAN/00000019604
Dated this 19th January, 2023
Oregun, Lagos

Directors: His Majesty Nnaemeka A. Achebe, CFR, mni, Obi of Onitsha (Chairman), Carl Cruz (Managing Director) -(Filipino), Jaime Aguilera (Spanish), Abiola Alabi (Mrs), Ammuna Lawan Ali OON, Felix Enwemadu, Michael Ikpoki, Chika Nwobi, Folake Ogundipe, Mutiu Sunmonu CON