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