PERNOD-RICARD_REGISTRATION_DOCUMENT_2017-2018
5
CONSOLIDATED FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Notional amount of contracts
Fair value
> 1 year and < 5
Liabilities and shareholders’ equity
Description of the financial instrument
Type of hedge on 30.06.2018 € million
< 1 year
years > 5 years
Total
Assets
Fair value hedge
- - -
26 26
Interest rate risk hedges
Swaps
- - - - - -
858
172
1,029
Interest rate and currency risk hedges
Cross-currency swaps
- - - - - -
- - - - - -
- -
- - - - - -
Net investment hedge Currency risk hedges
1 1
NDF & FX options
65
65
Interest rate and currency risk hedges
Cross-currency swaps
- - -
- - -
Net asset hedging
Interest rate and currency risk hedges DERIVATIVE INSTRUMENTS INCLUDED IN NET DEBT
Cross-currency swaps
1 3
26
Cash flow hedge
4 1
Interest rate risk hedges
Swaps
-
172
-
172
-
Hedging of currency risk on intragroup financing and operational hedging
Currency swaps
65 16
-
- - -
65 23
0 3
3 0
Commodity risk hedges Non-hedge accounting
Forwards
7
-
-
-
15
13
Hedging of currency risk on intragroup financing and operational hedging
Currency swaps and forwards
1,748
-
- -
1,748 1,201
15
8 5
Interest rate risk hedges
Swaps
-
1,201
-
TOTAL DERIVATIVE INSTRUMENTS
19
43 31 11
TOTAL NON-CURRENT
2
TOTAL CURRENT
17
The notional amount of these contracts is the nominal value of the values are based on information available on the financial markets and contracts. Foreign currency denominated notional amounts in valuation methods appropriate to the type of financial instrument cross-currency swaps are shown in euros at the exchange rate agreed. concerned. These valuation methods yield results consistent with the For other instruments, notional amounts denominated in foreign valuations provided by bank counterparties. currencies are translated into euros at year-end rates. Estimated market
Other current liabilities Note 4.11 Other current liabilities are broken down as follows:
30.06.2018
30.06.2017
€ million
Taxes and social charges Other operating payables
611 324
613 347
Other payables
0
0
TOTAL
935
960
Most other operating payables are due within one year.
188
PERNOD RICARD REGISTRATION DOCUMENT 2017/2018
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