PERNOD-RICARD_REGISTRATION_DOCUMENT_2017-2018
6
PERNOD RICARD SA FINANCIAL STATEMENTS NOTES TO THE PERNOD RICARD SA FINANCIAL STATEMENTS
NOTES TO THE PERNOD RICARD SA FINANCIAL 6.5 STATEMENTS
Contents
Note 1
Accounting policies
212
Bank debt Note 13
219
Note 2
Intangible assets and property, plant and
Breakdown of corporate income tax Note 14
219
equipment
214
Increases and decreases in future tax Note 15 liabilities
Note 3
Financial assets
214
220
Note 4
Maturity of receivables and payables
215
Compensation Note 16
220
Note 5
Marketable securities
215
Operating income Note 17
220
Note 6
Prepaid expenses and deferred charges
216
Financial income and expenses Note 18
220
Note 7
Composition of share capital
216
Exceptional items Note 19
221
Note 8
Shareholders’ equity
216
Off-balance sheet commitments Note 20
221
Note 9
Provisions
216
Average headcount at 30 June 2018 Note 21
222
Deferred income and adjustment accounts Note 10
218
Affiliates and associates at 30 June 2018 Note 22
223
Accrued income and expenses Note 11
218
Tax credit Note 23
224
Bonds Note 12
219
Pernod Ricard SA is a French public limited company (société anonyme) , subject to all laws governing commercial companies in France, and particularly to the provisions of the French Commercial Code. The Company is headquartered at 12, place des États-Unis, 75016 Paris and is listed on Euronext. The balance sheet total for the financial year which ended 30 June 2018 was €15,897 million. The income statement for the year recorded a profit of €566 million. The financial year covered the 12-month period from 1 July 2017 to 30 June 2018.
Accounting policies Note 1 The annual financial statements for the financial year were prepared in accordance with the provisions of ANC regulation 2016-07 of 4 November 2016 and ANC regulation 2015-05 of 2 July 2015 relating to the new French general accounting standards. General accounting principles were applied, in accordance with the prudence principle, using certain assumptions whose objective is to provide a true and fair view of the Company. These principles are: going concern; ● consistency of accounting policies from one financial year to the next; ● accruals basis of accounting; ● relative importance; ● no compensation; ● good information; ● and in accordance with the general rules of drawing up and ● presenting the annual financial statements.
Balance sheet assets and liabilities are measured, depending on the specific items, at their historical cost, contribution cost or market value. Intangible assets 1. The brands acquired from the merger of Pernod and Ricard in 1975 and from subsequent mergers are the Company’s main intangible assets. Intangible assets are valued at acquisition cost and, amortisation is calculated on a straight-line basis over the estimated three-year useful life of the assets (previously one year).
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PERNOD RICARD REGISTRATION DOCUMENT 2017/2018
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