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
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