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