Standalone Balance Sheet

as at 31st March, 2024

(All amounts in ₹ crores, unless otherwise stated)

As at As at
Particulars Note 31st March, 2024 31st March, 2023

ASSETS
Non-current assets
Property, plant and equipment 3 7,178 6,189
Capital work-in-progress 3 915 1,020
Goodwill 4 17,316 17,316
Other intangible assets 4 27,885 27,900
Financial assets
Investments in subsidiaries, associates and joint venture 5 981 981
Investments 6 2 2
Loans 7 392 339
Other financial assets 8 714 715
Non-current tax assets (net) 9D 1,118 1,115
Other non-current assets 10 279 199
Total - Non-current assets (A) 56,780 55,776
Current assets
Inventories 11 3,812 4,031
Financial assets
Investments 6 4,510 2,811
Trade receivables 12 2,690 2,735
Cash and cash equivalents 13 609 586
Bank balances other than cash and cash equivalents mentioned above 14 6,607 3,836
Loans 7 37 35
Other financial assets 8 1,416 1,391
Other current assets 15 603 612
Assets held for sale 16 12 12
Total - Current assets (B) 20,296 16,049
TOTAL ASSETS [(A) + (B)] 77,076 71,825

272 HINDUSTAN UNILEVER LIMITED

 FINANCIAL STATEMENTS

(All amounts in ₹ crores, unless otherwise stated)

As at As at
Particulars Note 31st March, 2024 31st March, 2023

EQUITY AND LIABILITIES

Equity
Equity share capital 17 235 235
Other equity 18A 50,738 49,986
Total - Equity (A) 50,973 50,221
Liabilities
Non-current liabilities
Financial liabilities
Lease liabilities 19 1,034 746
Other financial liabilities 20 430 495
Provisions 21 1,551 1,335
Deferred tax liabilities (net) 9C 6,454 6,325
Non-current tax liabilities (net) 9D 4,231 1,076
Total - Non-current liabilities (B) 13,700 9,977
Current liabilities
Financial liabilities
Lease liabilities 19 340 293
Trade payables
total outstanding dues of micro enterprises and small enterprises 22 222 89
total outstanding dues of creditors other than micro enterprises and 22
9,926 9,302
small enterprises
Other financial liabilities 20 797 829
Other current liabilities 23 789 735
Provisions 21 329 379
Total - Current liabilities (C) 12,403 11,627
TOTAL EQUITY AND LIABILITIES [(A) + (B) + (C)] 77,076 71,825
Basis of preparation, measurement and material accounting policies 2
Contingent liabilities and commitments 24

The accompanying notes 1 to 50 are an integral part of these standalone financial statements

As per our report of even date attached For and on behalf of Board of Directors

For B S R & Co. LLP Rohit Jawa Ritesh Tiwari

Chartered Accountants Managing Director Executive Director, Finance & IT and Chief
Firm’s Registration No.: 101248W/W - 100022 and Chief Executive Officer Financial Officer
[DIN: 10063590] [DIN: 05349994]

Aniruddha Godbole Kalpana Morparia Dev Bajpai

Partner Chairperson - Audit Committee Executive Director, Legal & Corporate
Membership No.: 105149 [DIN: 00046081] Affairs and Company Secretary
Membership No.: FCS 3354
[DIN: 00050516]
Ravishankar A.
Vice President, Finance

Mumbai: 24th April, 2024 Mumbai: 24th April, 2024

INTEGR ATED REPORT 2023-24 273

Standalone Statement of Profit and Loss
for the year ended 31st March, 2024
(All amounts in ₹ crores, unless otherwise stated)

Year ended Year ended

Particulars Note 31st March, 2024 31st March, 2023

INCOME
Revenue from operations 25 60,469 59,144
Other income 26 973 640
TOTAL INCOME 61,442 59,784
EXPENSES
Cost of materials consumed 27 17,791 19,229
Purchases of Stock-in-trade 28 11,544 11,968
Changes in inventories of finished goods, work-in-progress and 29
(8) (53)
Stock-in-trade
Employee benefits expense 30 2,782 2,665
Finance costs 31 302 101
Depreciation and amortisation expense 32 1,097 1,030
Other expenses 33 14,170 11,703
TOTAL EXPENSES 47,678 46,643
Profit before exceptional items and tax 13,764 13,141
Exceptional items (net) 34 (89) (62)
Profit before tax 13,675 13,079
Tax expenses
Current tax 9A (3,446) (2,922)
Deferred tax charge 9A (115) (195)
PROFIT FOR THE YEAR (A) 10,114 9,962

274 HINDUSTAN UNILEVER LIMITED

 FINANCIAL STATEMENTS

(All amounts in ₹ crores, unless otherwise stated)

Year ended Year ended

Particulars Note 31st March, 2024 31st March, 2023

OTHER COMPREHENSIVE INCOME

Items that will not be reclassified subsequently to profit or loss
Remeasurements of the net defined benefit plans 39C 36 (17)
Income tax relating to items that will not be reclassified subsequently to
profit or loss
Remeasurements of the net defined benefit plans 9A (9) 4
Items that will be reclassified subsequently to profit or loss
Fair value of debt instruments through other comprehensive income 18C 2 (1)
Fair value of cash flow hedges through other comprehensive income 18C (1) (21)
Income tax relating to items that will be reclassified subsequently to
profit or loss
Fair value of debt instruments through other comprehensive income 9A (0) 0
Fair value of cash flow hedges through other comprehensive income 9A (3) 9
OTHER COMPREHENSIVE INCOME FOR THE YEAR (B) 25 (26)
TOTAL COMPREHENSIVE INCOME FOR THE YEAR (A+B) 10,139 9,936
Earnings per equity share
Basic (Face value of ₹1 each) 35 ₹43.05 ₹42.40
Diluted (Face value of ₹1 each) 35 ₹43.05 ₹42.40
Basis of preparation, measurement and material accounting policies 2

The accompanying notes 1 to 50 are an integral part of these standalone financial statements

As per our report of even date attached For and on behalf of Board of Directors

For B S R & Co. LLP Rohit Jawa Ritesh Tiwari

Chartered Accountants Managing Director Executive Director, Finance & IT and Chief
Firm’s Registration No.: 101248W/W - 100022 and Chief Executive Officer Financial Officer
[DIN: 10063590] [DIN: 05349994]

Aniruddha Godbole Kalpana Morparia Dev Bajpai

Partner Chairperson - Audit Committee Executive Director, Legal & Corporate
Membership No.: 105149 [DIN: 00046081] Affairs and Company Secretary
Membership No.: FCS 3354
[DIN: 00050516]
Ravishankar A.
Vice President, Finance

Mumbai: 24th April, 2024 Mumbai: 24th April, 2024

INTEGR ATED REPORT 2023-24 275

 AUDITED STANDALONE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31ST MARCH, 2024

(Rs in Crores)
Year ended Year ended
31st March, 2024 31st March, 2023
A CASH FLOWS FROM OPERATING ACTIVITIES:
Profit before tax 13,675 13,079
Adjustments for:
Depreciation and amortisation expenses 1,097 1,045
Loss / (Profit) on sale of property, plant and equipment 17 (102)
Contingent consideration true up for business combination - (2)
Fair value gain on financial liability on acquisition (37) -
Finance income (551) (425)
Dividend income (176) (118)
Other non operating income - Fair value gain on investments (246) (97)
Interest expense 285 101
Profit on sale of brand rights - (60)
Movement of provision towards litigation (159) -
Inventory written off net of Provision/ (write back) for Inventory 155 176
Bad debts/ assets written off net of Provision/ (write back) (9) (34)
Transaction cost on acquisition - 2
Mark-to-market gain on derivative financial instruments (8) (8)
Cash generated from operations before working capital changes 14,043 13,557

Adjustments for:
(Increase)/ decrease in Non-Current Assets (28) (13)
(Increase)/ decrease in Current Assets 170 (1,099)
(Increase)/ decrease in Inventories 77 (332)
Increase/ (decrease) in Non-Current Liabilities 144 (115)
Increase/ (decrease) in Current Liabilities 773 696
Cash flows generated from operations 15,179 12,694
Taxes paid (net of refunds) (295) (3,068)
Net cash flows generated from operating activities - [A] 14,884 9,626

B CASH FLOWS FROM INVESTING ACTIVITIES:

Purchase of property, plant and equipment (1,309) (1,023)
Sale proceeds of property, plant and equipment 20 120
Purchase of Intangible assets (9) (18)
Sale proceeds of intangible assets (brand rights) - 60
Investment in subsidiary - (264)
Transaction cost on acquisition - (2)
Investment in Joint Venture - (70)
Contingent consideration paid on business combination (4) (40)
Purchase of current investments (21,198) (22,561)
Sale Proceeds of current investments 19,752 23,363
Loans given to subsidiaries (431) (493)
Loans repaid by subsidiaries 381 678
Loans repaid by / (given to) others 1 (1)
Investment in term deposits (having original maturity of more than 3 months) (9,080) (3,627)

Redemption/ maturity of term deposits (having original maturity of more than 3 months) 6,313 2,425

Interest received 417 273

Dividend received from subsidiaries 173 116
Dividend received from others 3 2
Net cash flows used in investing activities - [B] (4,971) (1,062)

C CASH FLOWS FROM FINANCING ACTIVITIES:

Dividends paid (9,398) (8,459)
Principal payment of lease liabilities (394) (431)
Interest paid on lease liabilities (98) (76)
Net cash flows used in financing activities - [C] (9,890) (8,966)

Net increase / (decrease) in cash and cash equivalents - [A+B+C] 23 (402)

Add: Cash and cash equivalents at the beginning of the year 586 988
Cash and cash equivalents at the end of the year 609 586

Note: The above Standalone Statement of Cash Flows has been prepared under the ‘Indirect Method’ as set out in Ind AS 7, 'Statement of Cash Flows'.