PERNOD-RICARD_REGISTRATION_DOCUMENT_2017-2018

5

CONSOLIDATED FINANCIAL STATEMENTS CONSOLIDATED CASH FLOW STATEMENT

CONSOLIDATED CASH FLOW STATEMENT 5.5

30.06.2018

30.06.2017

Notes

€ million

Cash flow from operating activities Group net profit

1,393

1,577

Non-controlling Interests

28 (1)

26

Share of net profit/(loss) of associates, net of dividends received

0

Financial (income)/expenses

374 438

301 392

Tax (income)/expenses

Net profit from discontinued operations

-

-

Depreciation of fixed assets Net change in provisions

219 (59)

216 (35)

Net change in impairment of goodwill, property, plant and equipment and intangible assets

75

73

Changes in fair value of commercial derivatives Changes in fair value of biological assets

(11)

3

(3)

(4)

Net (gain)/loss on disposal of assets

6

(48)

Share-based payments

34

35

Self-financing capacity before financing interest and taxes Decrease/(increase) in working capital requirements

2,493

2,535 (100) (361)

(79)

5

Interest paid

(410)

Interest received Tax paid/received

46

73

(408) 1,642

(371) 1,776

NET CHANGE IN CASH FLOW FROM OPERATING ACTIVITIES

Cash flow from investing activities Capital expenditure

(367)

(374)

5

Proceeds from disposals of property, plant and equipment and intangible assets

17

17

Change in the scope of consolidation Purchases of financial assets and activities Disposals of financial assets and activities Cash flow from financing activities Dividends and interim dividends paid Other changes in shareholders’ equity

-

-

(35)

(109)

92

62

NET CHANGE IN CASH FLOW FROM INVESTING ACTIVITIES

(293)

(404)

(511)

(551)

-

-

Issuance of long-term debt Repayment of long-term debt

1,608

320

5 5

(2,217)

(1,033)

(Acquisitions)/disposals of treasury shares Other transactions with non-controlling interests

(36)

(23)

-

-

NET CHANGE IN CASH FLOW FROM FINANCING ACTIVITIES

(1,156)

(1,287)

Cash flow from non-current assets held for sale

-

-

INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS BEFORE FOREIGN EXCHANGE IMPACT

194 (86)

85 (8)

Foreign currency translation adjustments

INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS AFTER FOREIGN EXCHANGE IMPACT

107 569 677

77

CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD CASH AND CASH EQUIVALENTS AT END OF PERIOD

677 754

157

PERNOD RICARD REGISTRATION DOCUMENT 2017/2018