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300	300	* Coffee, pet care, nutrition, water and nutritional health science, together representing 63% of sales, grew by 8.2%.
301	301	* Plant-based food products generated sales of around CHF 800 million with organic growth of 16.8%.
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	302	+* Another 31 brands of the company including Maggi, Milo, and Nido has generated over CHF 1 billion annual sales each at the retail level.
	303	+* E-commerce sales of the company represented 14.3% of total sales and grew by 15.1% year-on-year.
	304	+* Direct-to-consumer businesses represented 8.7% of sales and grew by 8.7%.
	305	+* Emerging markets of the company represented 41% of sales and grew by 7.8%.
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	307	+To focus on categories and geographies, Nestlé has completed more than 85 acquisitions and divestitures transactions since 2017. In 2021, the company has divested the Nestlé Waters North America brands, acquired core brands of The Bountiful Company, including Nature’s Bounty, Solgar, Osteo Bi-Flex, Puritan’s Pride, Ester-C and Sundown. The company also acquired a premium functional water brand namely Essentia, and a leader in functional hydration through effervescent tablets name Nuun.
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	309	+The emphasize that Nestlé puts on R&D drives it to invest 1.7 billion Swiss francs annually in research and development. The company has 23 R&D locations and 4100 R&D employees worldwide. About 30% of its sales came from products innovated or renovated in the last three years.
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	311	+The company’s effort to be environment-friendly has resulted into 4.0 million tonnes of greenhouse gas emissions reductions (CO,,2,,e) since 2018, 97.2% of its supply chains are deforestation-free, and the company has reduced virgin plastic packaging by 8.1% since 2018. To ensure gender equality, the company has 27.2% women in the top 200+ senior executive positions.
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	313	+= Financial Performance =
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	315	+The financial year of Nestlé ends on December 31 of the respective year. Gross sales of the company during 2021 have grown by 3.25% - reported sales in 2021 is 87,088 million CHF and in 2020 84,343 million CHF. The company has reported trading operating of CHF 12,159 million which was CHF 14,233 million a year earlier. This slide in trading profit is a resultant of a spike in ‘other trading expenses’ head, which has increased almost three-fold from CHF 908 million to CHF 3,131 million. Operating profit reported in 2021 is CHF 11,679 million in place of CHF 14,796 million a year earlier. The drop is a carry forward from the trading operating profit and sent down farther by a slide in other operating income. In 2020, the other operating income reported was CHF 1,919 million but in 2021, it was almost three-fold down to CHF 698 million only.
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	317	+This other operating income comes mainly from the gain on disposal of businesses. In 2021, for the large part, the company only disposed the Nestlé North America Business. But in 2020, the company disposed US Ice Cream business, Herta Charcuterie and Yinlu.
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	319	+Finance income and finance expense of the company remains almost same round the years. Since the taxable income of the company is less than the previous year, the company ends up paying less taxes than the year earlier. Total amount of tax paid in the year 2021 is CHF 2,261 million whereas it was CHF 3,365 million. The company reported a significant amount of earning from the head titled as ‘income from associates and joint ventures’. In 2020, the company reported CHF 1,815 million income under this head. But in 2021, the company has reached a startling 4.5 (approx.) multiple of the past year’s amount to CHF 8,651 million.
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	321	+Associates of Nestlé are those companies where Nestlé has the power to exercise significant influence but does not exercise control. When Nestlé has 20% or more of the voting rights in the investee, the latter is considered to be an associate and Nestlé can then participate in the financial and operating policy decisions. L`Oréal is the top associate of Nestlé. The Group holds a number of other associates that are individually not material, the main ones being IVC Evidensia (veterinary services provider in Europe and North America), Lactalis Nestlé Produits Frais (chilled dairy business in Europe) and Herta (cold cuts and meat-based products).
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	323	+Joint ventures are contractual arrangements over which the Group exercises joint control with partners and where the parties have rights to the net assets of the arrangement. Total net investment of the company in the associates and joint ventures is CHF 11,806 million in 2021 and CHF 12,005 million in 2020. The reported bump in the income of the company comes from the gain on disposal of L`Oréal’s shares partially. The company has gained CHF 7,184 million in 2021 from that.
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	325	+The final net income of the company for 2021 stood at CHF 17,196 million, which was CHF 12,372 million a year earlier. The relevant ratios of the company are reported below –
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