PERNOD-RICARD_REGISTRATION_DOCUMENT_2017-2018

6

PERNOD RICARD SA FINANCIAL STATEMENTS PERNOD RICARD SA CASH FLOW STATEMENT

PERNOD RICARD SA CASH FLOW STATEMENT 6.3

For the financial years ended 30 June 2017 and 30 June 2018

30.06.2018

30.06.2017

€ thousand

Operating activities Net profit

966,776 78,865 (8,908)

565,823 27,131 15,353 241.00 608,548

Net depreciation, amortisation and provision charges

Changes in provisions

Net (gain)/loss on disposal of assets and other items

-

Self-financing capacity

1,036,732 (640,908)

Decrease/(increase) in working capital requirements Change in net debt from operating activities

8,756

395,825

617,304

Investing activities Capital expenditure

(21,315) (9,683) (30,998)

(16,095) (43,364) (59,459)

Purchases of financial assets (net of disposals) Change in net debt from investing activities Financing activities Long and medium-term bond issue Loans and medium and long-term debt Other changes in shareholders’ equity

(121,141) (94,086)

(91,547)

2,819

-

-

Dividends paid

(507,383) (722,610) (357,783) (192,009) (549,792)

(550,781) (639,509) (81,664) (549,792) (631,456)

Change in net debt from financing activities

Change in short-term net debt

SHORT-TERM NET DEBT AT BEGINNING OF PERIOD SHORT-TERM NET DEBT AT END OF PERIOD

Note: Presentation of cash flow statement Changes in net debt comprise changes in both debt and “cash and cash equivalents”. Net debt breaks down as follows:

30.06.2018

€ thousand

Loans and long-term debts

0

Bonds

(92,574)

Net balance on current account with Pernod Ricard Finance

(1,087,859) 110,690 438,287 (631,456) (6,846,869)

Marketable securities

Cash

SHORT-TERM NET DEBT AT END OF PERIOD

Bonds

Loans and long-term debts Pernod Ricard Finance loan

17,362

-

MEDIUM- AND LONG-TERM NET DEBT AT END OF PERIOD

(6,829,507) (7,460,963)

TOTAL NET DEBT AT END OF PERIOD

209

PERNOD RICARD REGISTRATION DOCUMENT 2017/2018