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Hul Annual Report

By | August 2013
Page 1 of 289
ANNUAL REPORT 2012-13

MAKING SUSTAINABLE LIVING COMMONPLACE

ABOUT HUL OUR PURPOSE

TO MAKE SUSTAINABLE LIVING COMMONPLACE.

We work to create a better future every day, with brands and services that help people feel good, look good and get more out of life. Our first priority is to our consumers – then customers, employees, suppliers and communities. When we fulfil our responsibilities to them, we believe that our shareholders will be rewarded.

EXAMPLES OF OUR PURPOSE-DRIVEN BRANDS

In 2012, over 60% of tomatoes used in Kissan Ketchup in India were from sustainable sources.

Significant progress made in reducing the amount of salt, calories and trans fat in our portfolio. By the end of 2012, 66% of our Foods portfolio (by volume) was compliant with the 5 g per day salt target.

More than 60% of our children’s ice cream portfolio in India contains 110 kilocalories or fewer per portion.

More than 45 million people gained access to safe drinking water from Pureit globally by end of 2012.

About 47 million people reached through Lifebuoy hand washing programmes by end of 2012.

OUR BRANDS IN ACTION HINDUSTAN UNILEVER IS KNOWN FOR SOME OF THE MOST LOVED BRANDS. TO FIND OUT MORE, GO TO WWW.HUL.CO.IN/BRANDS-IN-ACTION/

CONTENTS
OVERVIEW
02 04 05 06 07 08 09 10 12 14 16 18 20 Operational Highlights Financial Performance Performance Trends Chairman’s Letter Board of Directors Management Committee Our Business Model Unilever Sustainable Living Plan Winning with Brands and Innovation Winning in the Marketplace Winning through Continuous Improvement Winning with People Awards and Felicitations

REPORTS
21 Notice of the Annual General Meeting 24 Profile of Directors and other Directorships 28 Directors’ Report and Management Discussion and Analysis 50 Corporate Governance Report 66 Secretarial Standards Report Secretarial Audit Report

FINANCIAL STATEMENTS
Standalone Financial Statements 68 Balance Sheet 69 Statement of Profit and Loss 70...
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