PERNOD-RICARD_REGISTRATION_DOCUMENT_2017-2018

4

MANAGEMENT REPORT KEY FIGURES FROM THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2018

Net financial debt 4.1.3

30.06.2018

30.06.2016

30.06.2017

€ million

Gross non-current financial debt

7,335 2,027

7,379 1,165

7,239

Gross financial debt from recurring operations Non-current hedging instruments - assets Hedging Instruments from recurring operations - assets

452

(77)

(9) (6)

-

- - -

(1) 25

Non-current derivative instruments - liabilities

-

Derivative instruments from recurring operations - liabilities

(2)

-

Cash and cash equivalents

(569) 8,716 1,061

(677) 7,851 1,299

(754) 6,962 1,433

NET FINANCIAL DEBT

Free Cash Flow*

The calculation of Free Cash Flow is set out in the note 4.3 entitled “Net debt” of the Management Report. *

Cash flow statement 4.1.4

30.06.2018

30.06.2016

30.06.2017

€ million

Self-financing capacity before financing interest and taxes

2,315 (408) (393) (178) 1,336 (359) (928)

2,493 (363) (408)

2,535 (288) (371) (100) 1,776 (404)

Net interest paid Net income tax paid

Decrease/(increase) in working capital requirement Net change in cash flow from operating activities Net change in cash flow from investment activities Net change in cash flow from financing activities Cash flow from discontinued operations Foreign currency translation adjustments Cash and cash equivalents at start of period CASH AND CASH EQUIVALENTS AT END OF PERIOD

(79)

1,642 (293)

(1,156)

(1,287)

-

-

-

(25) 545 569

(86) 569 677

(8)

677 754

131

PERNOD RICARD REGISTRATION DOCUMENT 2017/2018