PERNOD-RICARD_REGISTRATION_DOCUMENT_2017-2018

5

CONSOLIDATED FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

Financial assets Note 4.3 Available-for-sale financial assets include the Group’s investments in available-for-sale financial assets, changes in fair value previously non-consolidated companies and securities which do not satisfy the recognised in equity are recognised in profit and loss. Fair value is criteria for classification as short-term investments included in cash determined on the basis of the financial criteria most appropriate to equivalents. On initial recognition, these assets are measured at the specific situation of each company. The fair value of financial their acquisition cost. At subsequent balance sheet dates, assets listed on a financial market is their stock market value. The available-for-sale financial assets are measured at fair value where measurement criteria normally applied to unlisted available-for-sale this can be measured reliably. Changes in fair value are recognised financial assets are the proportion of shareholders’ equity and directly in shareholders’ equity except where a reduction in value future profitability.

compared with the historical acquisition cost constitutes a material or sustained impairment in the asset’s value. On disposal of

Loans, receivables and deposits are valued at amortised cost.

30.06.2018

30.06.2017

Current

Non-current

Current

Non-current

€ million

Net financial assets Available-for-sale financial assets

- -

17

- -

13

Other financial assets

522

763

Net loans and receivables Loans, receivables and deposits

- -

111 650

- -

108 886

Total net non-current financial assets

Derivative instruments FINANCIAL ASSETS

24 24

26

17 17

2

676

888

The table below shows details of the Group’s financial assets, excluding derivative instruments:

Movements in the year

Foreign currency gains and losses

Other movements 30.06.2017

30.06.2016 Acquisitions Allowances Disposals

€ million

Other financial assets

632

21

- - - - -

0

(36)

(90)

528

Available-for-sale financial assets

21 76

3 2

(2) (2)

0

1

23

Guarantees and deposits

(4)

40

112

Investment-related receivables

0

-

-

0

-

0

GROSS VALUE

730

26

(4)

(40)

(49)

663

Provisions for other financial assets

(3)

-

(4)

-

0

0

(6)

Impairment losses recognised on available-for-sale financial assets

(6)

- -

-

- -

0 0

0 0

(6) (1)

Provisions for guarantees and deposits Impairment losses recognised on investment-related receivables

0

0

0

- -

-

- -

0 0

-

0

IMPAIRMENT

(9)

(4) (4)

0

(13) 650

NON-CURRENT FINANCIAL ASSETS, NET

721

26

(4)

(40)

(49)

169

PERNOD RICARD REGISTRATION DOCUMENT 2017/2018