Exhibit 7.1
Calculation of Ratio of Earnings to Fixed Charges (times)
The ratio of earnings to fixed charges is determined using the following applicable factors:
Earnings consist of a) net profit from continuing operations excluding net profit or loss of joint ventures and associates increased by fixed charges b) income taxes and dividends received from joint ventures and associates.
Fixed charges consist of a) interest payable on debt and b) a portion of lease costs determined to be representative of interest.
This ratio takes no account of interest receivable although Unilever’s treasury operations involve both borrowing and depositing funds.
Earnings to Fixed Charges 
€ million 2017 
€ million 2016 
€ million 2015 
€ million 2014 
€ million 2013 

Earnings 

Net profit 
6,486  5,547  5,259  5,515  5,263  
Add: Taxation 
1,667  1,922  1,961  2,131  1,851  
(Less)/Add: Share of net profit/(loss) of joint ventures and associates 
(155  )  (127  )  (107  )  (98  )  (113  )  
Add: Dividend income receivable from joint ventures and associates 
144  144  124  131  110  
Add: Fixed charges 
742  761  694  678  663  











8,884  8,247  7,931  8,357  7,774  











Fixed charges 

Finance costs 
556  584  516  500  500  
Add: Onethird of lease costs 
186  177  178  178  163  











742  761  694  678  663  











Ratio of earnings to fixed charges (times) 
12.0  10.8  11.4  12.3  11.7 