PERNOD-RICARD_REGISTRATION_DOCUMENT_2017-2018
5
CONSOLIDATED FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Asia/Rest of the World
At 30.06.2018 € million
America
Europe
Total
Income statement items Segment net sales o/w intersegment sales
3,730 1,183 2,546 1,690 1,157
5,427 1,779 3,648 2,164 1,502
4,325 1,533 2,792 1,749 1,224
13,482
4,496 8,987 5,604 3,884 2,358
Net sales
Gross margin after logistics expenses
Contribution after advertising and promotion expenses
Profit from recurring operations
736
996
626
Other information Current investments
59 29
48 47
283 206
390 282
Depreciation, amortisation and impairment
Breakdown of sales
Net sales on 30.06.2018
Net sales on 30.06.2017
Change € million
Change (%)
€ million
Strategic International Brands
5,555 1,717
5,623 1,717
68
1% 0%
Strategic Local Brands
0
Strategic Wines Other products
496
480
-16 -75 -23
-3% -6%
1,241 9,010
1,166 8,987
TOTAL
0%
Notes to the income statement Note 3 Other operating income and expenses Note 3.1
Other operating income and expenses include impairment of property, plant and equipment and intangible assets, costs relating to restructuring and integration, capital gains or losses on disposals, as well as other non-recurring operating income and expenses. These other operating income and expenses are excluded from the profit from recurring operations given their unusual, abnormal and infrequent nature, which would distort the reading of the Group’s performance.
Other operating income and expenses are broken down as follows:
30.06.2018
30.06.2017
€ million
Impairment of property, plant and equipment and intangible assets
(74) (13) (57) (34)
(73)
Gains or losses on asset disposals and acquisition costs Net restructuring and reorganisation expenses
29
(38)
Disputes and risks
(1) 22
Other non-current operating income and expenses OTHER OPERATING INCOME AND EXPENSES
15
(163)
(62)
On 30 June 2018, other operating income and expenses included: impairment of property, plant and equipment and intangible assets, ● resulting primarily from brand impairment tests for €73 million, of which €30 million on the Wyborowa brand and €30 million on the Brancott Estate brand; capital gains or losses on disposals, related in particular to the ● disposals of the distillery and brand Glenallachie and the Spanish wines Siglo, Aura and Navarra;
restructuring costs linked to various reorganisation projects; ● expenses related to disputes and risks, including tax risks, that are ● non-current in nature; other non-current operating income and expenses. ●
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PERNOD RICARD REGISTRATION DOCUMENT 2017/2018
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