PERNOD-RICARD_REGISTRATION_DOCUMENT_2017-2018

5

CONSOLIDATED FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

Breakdown of net financial debt by nature and maturity 1.

30.06.2018

30.06.2017

Current Non-current

Total 6,869

Current

Non-current

Total 6,993

€ million Bonds

94

6,900

93

6,777

Syndicated loan Commercial paper

-

319

319 630 601

-

- -

-

630 441

-

280

280 542 822

Other loans and financial debts

161 480

80

463 463

Other financial liabilities GROSS FINANCIAL DEBT

1,071 1,165

1,551 8,545

360 452

7,379

7,239

7,691

Fair value hedging derivative instruments – assets Fair value hedging derivative instruments – liabilities

(6)

(17)

(22)

- - - - - -

-

-

-

7

7

25 25

25 25

Fair value hedge derivatives

(6)

(9)

(15)

Net investment hedging derivative instruments – assets Net investment hedging derivative instruments – liabilities

- - -

- - - - - -

- - -

- - - - - -

- - -

Net investment hedge derivatives

Net asset hedging derivative instruments - assets Net asset hedging derivative instruments-liabilities Net asset hedging derivative instruments

(2)

(2)

(1)

(1)

-

-

-

-

(2)

(2)

(1)

(1)

FINANCIAL DEBT AFTER HEDGING

1,158 (677)

7,370

8,528 (677) 7,851

452

7,265

7,716 (754) 6,962

Cash and cash equivalents

-

(754) (303)

-

NET FINANCIAL DEBT

481

7,370

7,265

The analysis of the change in net financial debt based on the changes in cash and non-cash is described below:

Changes in cash flows

Changes in cash flows with no cash impact

Foreign exchange impact

Total cash flow Scope

Change in fair value Other items

30.06.2018

30.06.2017

€ million Bonds

6,993

6

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

(91)

(38)

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

6,870

Syndicated loan Commercial paper

319 630 601

(318) (350)

0

- - -

0

-

280 540

Other loans and financial debts

(50)

(12)

GROSS FINANCIAL DEBT

8,545

(713)

(103)

(38)

7,691

Fair value hedging derivative instruments - assets Fair value hedging derivative instruments - liabilities Fair value hedging derivative instruments Net asset hedging derivative instruments - assets Net asset hedging derivative instruments

(22)

- - - - -

- - - - -

22 18 41

-

7

25 25 (1) (1)

(15)

(2) (2)

1 1 4

FINANCIAL DEBT AFTER HEDGING

8,528 (676) 7,851

(713)

(103)

7,716 (754) 6,962

Cash and cash equivalents

(69)

(8)

-

NET FINANCIAL DEBT

(782)

(112)

4

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PERNOD RICARD REGISTRATION DOCUMENT 2017/2018