AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 2021
Statement of Financial Position As at
Statement of Cash Flows for the Year Ended
31/12/2021
N 'mill
31/12/2020
N 'mill
31/12/2021
N 'mill
31/12/2020
N 'mill
Non-current assets
Current assets
22,380
85,909
27,538
63,980
Net cashflow genarated from operating activities
20,090
2,401
Net cash used in investing activities
Current liabilities
Net current Assets
Total assets less current liabilitie
Non-current liabilities
(40,218)
45,691
s
68,071
(2,309)
(27,799)
36,181
63,719
(1,590)
Net cash used in financing activities
At start of the year
(928)
(363)
37,101
(820)
(429)
35,459
Impact of foreign exchange movement on cash balance
(202)
490
1,152
Net assets
65,762
62,129
Inrease in cash and cash equivalents
18,799
As at end of the year
55,698
37,101
Shareholders' funds
65,762
62,129
His Majesty N.A Achebe CFR, MNI
Carl Cruz
Kenneth Onwudinjo
Chairman
Managing Director
Financial Controller
FRC/2013/NIM/00000001568
FRC/2022/PRO/DIR/003/00000023359
FRC/2012/ICAN/00000000312
Dated this 23rd March 2022
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, Mutiu Sunmonu CON
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Unilever Nigeria plc published this content on 01 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 April 2022 10:02:00 UTC.
Unilever Nigeria Plc specializes in manufacturing and marketing food and care products. Net sales break down by family of products as follows:
- food products (55.1%): tea (Lipton and Glen brands), broths (Royco), ready meals, seasonings and sauces (Knorr);
- housekeeping and personal care products (44.9%): washing powders (OMO multiactive and Sunlight brands), toothpastes (Close-Up and Pepsodent), body creams, lotions and hair oil (Vaseline and Pears) and soap bars (Lux and LifeBuoy).
At the end of 2020, the group has 2 production sites located in Nigeria.
Nigeria accounts for 98% of net sales.
UNILEVER NIGERIA PLC 
