PERNOD-RICARD_REGISTRATION_DOCUMENT_2017-2018
5
CONSOLIDATED FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Bonds 7.
Carrying amount on 30.06.2018 € million
Interest rate
Issue date
Maturity
Nominal amount EUR 850 million USD 1,000 million USD 201 million USD 1,500 million USD 800 million EUR 500 million EUR 650 million EUR 600 million USD 600 million USD 850 million
2.00% 20/03/2014 5.75% 07/04/2011
22/06/2020 07/04/2021
848 865
Spread + 6-month LIBOR
26/01/2016
26/01/2021 15/01/2022 15/07/2022 28/09/2023 27/09/2024 18/05/2026 08/06/2026 15/01/2042
175
4.45% 25/10/2011 4.25% 12/01/2012 1.88% 28/09/2015 2.13% 29/09/2014 1.50% 17/05/2016 3.25% 08/06/2016 5.50% 12/01/2012
1,320
685 491 657 598 496 734
TOTAL BONDS
6,869
Offsetting financial assets and financial liabilities 8. The table below shows the amounts of financial assets and financial liabilities before and after offsetting. These disclosures are required by an amendment to IFRS 7 (Financial instruments: Disclosures – Offsetting financial assets and financial liabilities) that has been applicable since 1 January 2013.
The amounts offset in the balance sheet were established in accordance with IAS 32. Accordingly, financial assets and financial liabilities are offset and the net amount is shown in the balance sheet if and only if the Group has a legally enforceable right to offset the recognised amounts, and if it intends to settle the net amount. The assets and liabilities offset stem from the multi-currency cash pooling implemented within the Group.
Impact of master netting
Financial instruments received as collateral
Gross financial assets
Amounts offset in the balance sheet
Net amounts in the balance sheet
agreements and similar agreements
Net amounts under IFRS 7
At 30.06.2017 € million
Assets Cash and cash equivalents
775
(98)
677
-
-
-
Liabilities and shareholders’ equity Bank debt
1,649
(98)
1,551
-
-
-
Impact of master netting
Net amounts in the balance sheet
Financial instruments received as collateral
Gross financial assets
Amounts offset in the balance sheet
agreements and similar agreements
Net amounts under IFRS 7
At 30.06.2018 € million
Assets Cash and cash equivalents
1,026
(272)
754
-
-
-
Liabilities and shareholders’ equity Bank debt
1,094
(272)
822
-
-
-
183
PERNOD RICARD REGISTRATION DOCUMENT 2017/2018
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