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