MONDELEZ UK LIMITED

Company number: 00203663

Reporting period:
1 July 2019 to 31 December 2019

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This report was filed on 28 January 2020

and approved by Louise Stigant

Payment statistics

Average time taken to pay invoices: 68 days

Invoices paid:

• within 30 days: 17%
• in 31 to 60 days: 40%
• in 61 days or more: 43%

Invoices due but not paid within agreed terms: 11%

Payment terms

Shortest standard payment periods

60 days

Longest standard payment period

Answer not provided

Standard payment terms

60 days from the date of receiving the invoice

Were there any changes to the standard payment terms in the reporting period?

Answer not provided

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

150 days

Under Mondelez International’s Supply Chain Finance programme, a supplier can elect for early payment of invoices, at a cost that is typically lower than traditional sources of financing. The maximum contractual payment period of 150 days reported above is as a result of Supply Chain Finance arrangements. For the purposes of this reporting, where a supplier has opted for Supply Chain Finance, the payment date reported is the date on which we pay the finance provider, rather than the earlier date on which the finance provider pays the supplier. The supplier is paid within 10 days of the Invoice Date under the Supply Chain Finance programme.

Any other information about payment terms

N/A

Dispute resolution process

Disputes are resolved in line with our standard terms and conditions, or specific contractual terms, and governed by the law which governs that of the contract.

Other payment information

Has this business signed up to a code of conduct or standards on payment practices? If so, which?

For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.

No, this business has not signed up to a code of conduct or standards on payment practices.

Does this business offer e-invoicing in relation to qualifying contracts?

This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.

Yes

Does this business offer supply chain finance?

This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.

Yes

Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?

No

During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?

No