PERNOD-RICARD_REGISTRATION_DOCUMENT_2017-2018
6
PERNOD RICARD SA FINANCIAL STATEMENTS NOTES TO THE PERNOD RICARD SA FINANCIAL STATEMENTS
Prepaid expenses and deferred charges Note 6
At 30.06.2018
At 01.07.2017
Increases
Decreases
€ thousand
Prepaid expenses (1)
11,032 20,181 605,338 636,551
(571)
(6,396) (2,819)
4,065
Bond redemption premiums
-
17,362 561,596 583,023
Unrealized foreign exchange losses (2)
561,596 561,025
(605,338) (614,553)
TOTAL
The reduction in the Prepaid expenses item is mainly due to the completion of repurchases for the 2010 and 2011 plans. (1) The unrealized foreign exchange losses amounting to €562 million at 30 June 2018 are mainly due to the revaluation of assets and liabilities at the closing (2) EUR/US dollar exchange rate on 30 June 2018.
Composition of share capital Note 7 At 30 June 2018, the share capital comprised 265,421,592 shares with a par value of €1.55 per share. The total share capital thus amounted to €411,403,467.60.
Shareholders’ equity Note 8
Changes in accounting policies
Allocation of earnings
Distribution of dividends
At 30.06.2018
At 01.07.2017
Results 2018
€ thousand
Capital
411,403
- - - - -
- - - - - - - - -
- - - - -
- - - - - -
411,403
Share premiums Statutory reserves Regulated reserves
3,039,030
3,039,030
41,140 179,559 195,013
41,140 179,559 195,013
Other reserves
Retained earnings
1,891,345 966,776 (249,496) 6,474,770
966,776 (966,776)
(533,408)
2,324,713 565,823 (266,870)
Profit for the financial year Interim dividends to be paid (1)
-
565,823
- -
(17,374) (550,782)
-
TOTAL 6,489,811 The Board of Directors’ meeting on 18 April 2018 decided to pay an interim dividend of €1.01 per share in respect of FY18, i.e. a total of €267 million. This (1) interim dividend was paid on 6 July 2018. 565,823
Provisions Note 9
Changes in accounting policies
Increases in the year
Reversals (used)
Reversals (not used)
At 30.06.2018
At 01.07.2017
€ thousand
Provisions for risks and charges Provision for currency losses Other provisions for risks (1) Provisions for pensions and other long-term employee benefits
161,160 261,122
161,441 274,646
- -
(161,160) (252,607)
- -
161,441 283,161
57,865 480,147
6,768
- -
(14,570) (428,337)
- -
50,063 494,666
TOTAL 1
442,855
Provisions for depreciation and amortization On financial assets (2)
88,142
19,850
- - - - - -
-
- - - - - -
107,992
On trade receivables On other receivables
3,408 3,114
4,303
(3,408)
4,303 3,055
- -
(59)
On marketable securities
-
-
-
TOTAL 2
94,664 574,811
24,153 467,008
(3,467)
115,350
OVERALL TOTAL 610,015 Change due to the €10 million provisions on the bonus share allocation plan, the €7 million reversal of the provision for compensation risk, and the net (1) allocation of an €11 million provision for risk. Changes related to allowances for impairment of investments. (2) (431,804)
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PERNOD RICARD REGISTRATION DOCUMENT 2017/2018
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