PERNOD-RICARD_REGISTRATION_DOCUMENT_2017-2018
5
CONSOLIDATED FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
The table below presents a reconciliation of the provision between 30 June 2017 and 30 June 2018:
30.06.2018
30.06.2017
Medical expenses and other employee benefits
Medical expenses and other employee benefits
Pension benefits
Pension benefits
Total
Total
€ million
Net (asset)/ liability at beginning of period
(66)
179
113
(37)
165
128
Expenses for the period
(7) 76
12
5
41
9
50
Actuarial (gains) and losses (1)
(11)
65
(312)
(12)
(324)
Employer contributions
(51) (14)
-
(51) (26)
(57)
-
(57) (19)
Benefits paid directly by the employer Changes in the scope of consolidation Foreign currency gains and losses Net (asset)/ liability at end of period
(11)
(9)
(10)
-
-
-
0
0
0
25
(3)
21
(1)
(5)
(6)
(37)
165
128
(375) (754)
148
(227) (754)
Amount recognised in assets (2)
(521)
-
(521)
-
AMOUNT RECOGNISED IN LIABILITIES (PROVISION AT END OF PERIOD)
165
379
148
526
484
649
Recognised as items of other comprehensive income. (1) See Note 4.3 – Financial assets. (2)
The net expense recognised in the income statement in respect of pensions and other long-term employee benefits is broken down as follows:
30.06.2018
30.06.2017
Medical expenses and other employee benefits
Medical expenses and other employee benefits
Pension benefits
Pension benefits
Expense for the period € million
Total
Total
Service cost
46 (4)
4 6
50
44 (2)
3 5 5
47
Interest on provision
2
3
o/w interest on the commitment ●
- - -
- - - -
- - -
137
143
o/w interest on the assets ●
(140)
- - -
(140)
o/w interest on the limitation of the assets ●
-
-
Fees/levies/premiums
10
10
9
9
Impact of plan amendments/Reduction of future rights (1)
(59)
1
(58)
(6) (3)
(1)
(8) (3)
Impact of liquidation of benefits
(1)
-
(1)
-
Actuarial (gains)/losses
- -
1
1
- -
1
1
Effect of asset ceiling (including the impact of IFRIC 14)
-
-
-
-
NET EXPENSE/(INCOME) RECOGNISED IN PROFIT AND LOSS See Note 6.2 – Share-based payments (1)
(7)
12
5
41
9
50
175
PERNOD RICARD REGISTRATION DOCUMENT 2017/2018
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