PERNOD-RICARD_REGISTRATION_DOCUMENT_2017-2018

5

CONSOLIDATED FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

Changes in provisions for pensions and other long-term employee benefits are shown below:

30.06.2018

30.06.2017

Medical expenses and other employee benefits

Medical expenses and other employee benefits

Pension benefits

Pension benefits

Net liabilities recognised in the balance sheet € million

Total

Total

Change in the actuarial value of cumulative benefit obligations Actuarial value of cumulative benefit obligations at beginning of period

179

5,480

165

5,645

5,615

5,794

Service cost

46

4 6 1

50

44

3 5 1

47

Interest cost (effect of unwinding of discount)

151

157

137

143

Employee contributions

2

3

2

3

Benefits paid

(273)

(12)

(285)

(302)

(10)

(312)

Administrative fees/premiums/levies

0

-

0

(1) (6) (3)

-

(1) (8) (3)

Plan amendments/reduction of future rights

(59)

1

(58)

(1)

Liquidation of benefits Actuarial (gains)/losses

(1)

-

(1)

-

288

(10)

277

(202)

(10)

(212)

Currency translation adjustments Changes in the consolidation perimeter ACTUARIAL VALUE OF CUMULATIVE BENEFIT OBLIGATIONS AT END OF PERIOD Change in the fair value of plan assets Fair value of plan assets at beginning of period

(290)

(3)

(294)

(58)

(5)

(62)

-

-

-

0

0

0

5,480

165

5,645

5,092

148

5,240

5,681

- - - - - - - - - - - - - - -

5,681

5,517

- - - - - - - - - - - - - - -

5,517

Interest income on plan assets

155 212

155 212

140 122

140 122

Experience gains/(losses) on plan assets

Employee contributions Employer contributions

2

2

2

2

51

51

57

57

Benefits paid

(258)

(258)

(293)

(293)

Administrative fees/premiums/levies

(11)

(11)

(9)

(9)

Plan amendments/reduction of future rights

- -

- -

- -

- -

Liquidation of benefits

Currency translation adjustments Changes in the consolidation perimeter

(315)

(315)

(56)

(56)

-

-

-

-

FAIR VALUE OF PLAN ASSETS AT END OF PERIOD

5,517 5,366 5,517 (151)

5,517 5,366 5,517 (151)

5,478 4,981 5,478 (497)

5,478 4,981 5,478 (497)

Present value of funded benefits

Fair value of plan assets

Deficit/(surplus) on funded benefits Present value of unfunded benefits Effect of ceiling on plan assets (including the impact of IFRIC 14) NET (ASSETS)/ LIABILITIES RECOGNISED IN THE BALANCE SHEET

113

165

279

111

148

259

-

-

-

11

-

11

(37)

165

128

(375)

148

(227)

176

PERNOD RICARD REGISTRATION DOCUMENT 2017/2018