PERNOD-RICARD_REGISTRATION_DOCUMENT_2017-2018
5
CONSOLIDATED FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Movements in the year
Foreign currency gains and losses
Other movements 30.06.2018
30.06.2017 Acquisitions Allowances Disposals
€ million
Other financial assets
528
34
- - - - -
(1) (1) (6)
(4)
208
765
Available-for-sale financial assets
23
0
0
(2) 47
19
Guarantees and deposits
112
10
(6)
157
Investment-related receivables
0
1
-
0
-
1
GROSS VALUE
663
46
(8)
(10)
253
943
Provisions for other financial assets
(6)
-
0
-
0
4
(2)
Impairment losses recognised on available-for-sale financial assets
(6) (1)
- -
-
- -
0
-
(6)
Provisions for guarantees and deposits Impairment losses recognised on investment-related receivables
3
(1)
(50)
(49)
0
- -
-
- -
0
-
0
IMPAIRMENT
(13) 650
3 3
(1)
(46) 207
(57) 886
NON-CURRENT FINANCIAL ASSETS, NET
46
(8)
(11)
Other financial assets on 30 June 2018 included €754 million of plan surplus related to employee benefits, compared to €521 million at the end of June 2017 (see Note 4.7 – Provisions ). Inventories and work-in-progress Note 4.4 These inventories are classified in current assets, although a production overheads) or their net realisable value. Net realisable substantial part remains in inventory for more than one year before value is the selling price less the estimated costs of completion and being sold in order to undergo the ageing process used for certain sale of inventories. Most inventories are valued using the weighted Wines and Spirits. average cost method. The cost of long-cycle inventories is computed Inventories are measured at the lower of either their cost (acquisition cost and cost of production, including indirect using a single method which includes distilling and ageing costs.
The breakdown of inventories and work in progress at the balance sheet date is as follows:
Movements in the year
Change in gross value
Change in impairment
Foreign currency gains and losses
Other movements 30.06.2017
30.06.2016
€ million
Raw materials
132
(4)
- - - - -
(3)
(1)
125
Work-in-progress Goods in inventory Finished products
4,454
142 (15)
(103)
7 0
4,500
476 286
(10)
451 275
(4)
(3)
(4)
GROSS VALUE Raw materials
5,349
119
(118)
1 1 0 0 0 1 2
5,351
(10) (17) (16) (11) (55)
- - - - -
(1)
0 0 1 0 1
(10) (13) (13) (10) (46)
Work-in-progress Goods in inventory Finished products
5 3 0 7 7
IMPAIRMENT
NET INVENTORIES
5,294
119
(117)
5,305
170
PERNOD RICARD REGISTRATION DOCUMENT 2017/2018
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