PERNOD RICARD - 2018-2019 Universal registration document

6.

CONSOLIDATED FINANCIAL STATEMENTS Consolidated cash flow statement

Consolidated cash flow statement 6.5

30.06.2019

30.06.2018

Notes

€ million

Cash flow fromoperating activities Group net profit

1,577

1,455

Non-controlling interests

26

27

Share of net profit/(loss) of associates, net of dividends received

0

0

Financial (income)/expenses

301 392

310

Tax (income)/expenses

582

Net profit from discontinued operations

-

-

Depreciation of fixed assets

216

226

Net change in provisions

(35)

7

Net change in impairment of goodwill, property, plant and equipment and intangible assets

73

69 (3) (3)

Changes in fair value of commercial derivatives

3

Changes in fair value of biological assets

(4)

Net (gain)/loss on disposal of assets

(48)

0

Share-based payments

35

40

Self-financing capacity before financing interest and taxes

2,535 (100)

2,711

Decrease/(increase) in Working Capital Requirements

(181)

5.1

Interest paid

(361)

(340)

Interest received

73

32

Tax paid/received

(371)

(521)

NETCHANGE INCASHFLOWFROMOPERATINGACTIVITIES

1,776

1,701

Cash flow from investing activities Capital expenditure

(374)

(388)

5.2

Proceeds from disposals of property, plant and equipment and intangible assets

17

50

Change in the scope of consolidation

-

-

Purchases of financial assets and activities Disposals of financial assets and activities

(109)

(192)

62

14

NETCHANGE INCASHFLOWFROM INVESTINGACTIVITIES

(404)

(516)

Cash flow from financing activities Dividends and interim dividends paid

(551)

(645)

Other changes in shareholders’ equity

-

-

Issuance of long-term debt

320

163

5.3 5.3

Repayment of long-term debt

(1,033)

(431)

(Acquisitions)/disposals of treasury shares

(23)

(121)

Other transactions with non-controlling interests

-

-

NETCHANGE INCASHFLOWFROMFINANCINGACTIVITIES

(1,287)

(1,034)

Cash flow from non-current assets held for sale

-

-

INCREASE/(DECREASE) INCASHANDCASHEQUIVALENTS (BEFORE FOREIGNEXCHANGE IMPACT)

85

151

Opening IFRS 15 impact

16

Foreign currency translation adjustments

(8)

1

INCREASE/(DECREASE) INCASHANDCASHEQUIVALENTS (AFTER FOREIGNEXCHANGE IMPACT) CASHANDCASHEQUIVALENTS AT BEGINNINGOF PERIOD CASHANDCASHEQUIVALENTS AT ENDOF PERIOD

77

169 754 923

677 754

161

2018-2019

PERNOD RICARD UNIVERSAL REGISTRATIONDOCUMENT