PERNOD-RICARD_REGISTRATION_DOCUMENT_2017-2018

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PERNOD RICARD SA FINANCIAL STATEMENTS NOTES TO THE PERNOD RICARD SA FINANCIAL STATEMENTS

Exceptional items Note 19

Amount on 30.06.2018

€ thousand

Net profit on management operations

(8,536)

Net profit on capital operations

713

Charges and reversals of financial provisions and expense transfers

(13,507) (21,330)

EXCEPTIONAL ITEMS

At 30 June 2018, exceptional items amounted to an expense of €21 million, relating to €14 million in net provisions for risks and charges over FY18 and €7 million in non-current income and expenses.

Off-balance sheet commitments Note 20 Guarantees granted Commitments made

Amount 280,054 901,418 151,720

€ thousand

Guarantees on behalf of affiliates

Other leases

Rent

TOTAL

1,333,192

Commitments granted include guarantees, in particular those related to bonds, commercial paper and the syndicated loan.

Derivative instruments

Fair value on 30 June 2018 € thousand

Nominal value US$ thousand

Hedging for Pernod Ricard SA

Interest rate swaps

800,000

(22,680) 443,150 420,470

Currency swaps

3,098,000 3,898,000

TOTAL

Interest rate swaps provide hedging for Pernod Ricard SA’s external or internal debts that bear fixed-rate interest. At 30 June 2018 these broke down as follows:

Net base US$ thousand

USD interest rate hedge Interest rate swaps Interest rate swaps Interest rate swaps

Maturity July 2022 June 2026 June 2026

600,000 100,000 100,000

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PERNOD RICARD REGISTRATION DOCUMENT 2017/2018