PERNOD RICARD - 2018-2019 Universal registration document
6.
CONSOLIDATED FINANCIAL STATEMENTS Notes to the consolidated financial statements
Expenses by type Note 3.5 Operating profit notably includes depreciation, amortisation and impairment expenses as well as personnel expenses as follows:
30.06.2019
30.06.2018
€ million
Depreciation, amortisation and impairment on property, plant and equipment and intangible assets
(288) (1,260)
(293) (1,286)
Salaries and payroll costs
Pensions, medical expenses and other similar benefits under defined benefit plans
(47) (33)
(43) (40)
Expense related to share-based payments TOTAL PERSONNEL EXPENSES
(1,340)
(1,369)
Notes to the balance sheet Note 4
Intangible assets and goodwill Note 4.1 Intangible assets are measured at cost on initial recognition. With the exception of assets with indefinite useful lives, they are amortised on a straight-line basis over their period of use, which is generally less than five years, and are written down when their recoverable amount is less than their net carrying amount. Amortisation of intangible assets is recognised within operating profit in the income statement.
In the context of the Group’s activities, and in accordance with IAS 38 (Intangible assets), research and development costs are recognised as expenses in the financial year during which they are incurred, except for certain development costs which meet the capitalisation criteria described by the standard.
Movements in the year
Foreign currency gains and losses
Other movements 30.06.2018
30.06.2017 Acquisitions Allowances Disposals
€ million
Goodwill
5,535
17 33 33
- - - -
(1) (3) (1) (5)
(94)
0 0
5,456
Brands
12,937
(209)
12,757
Other intangible assets
382
(10)
2 3
407
GROSS VALUE
18,854
82
(314)
18,620
Goodwill
(138)
- - - -
-
- 1 1
1
0 0 0 0
(137)
Brands
(1,294)
(71)
31
(1,334)
Other intangible assets
(270)
(29)
7
(291)
AMORTISATION/IMPAIRMENT
(1,702) 17,152
(101) (101)
2
39
(1,762) 16,858
INTANGIBLE ASSETS, NET
82
(3)
(274)
2
Movements in the year
Foreign currency gains and losses
Other movements 30.06.2019
30.06.2018 Acquisitions Allowances Disposals
€ million
Goodwill
5,456
8
- - - -
(4)
71
(3)
5,528
Brands
12,757
62 42
(34)
169
3
12,957
Other intangible assets
407
(8)
3
8
452
GROSS VALUE
18,620
112
(45)
243
8
18,937
Goodwill
(137)
- - - -
-
-
0
0
(137)
Brands
(1,334)
(65)
15
(24)
-
(1,408)
Other intangible assets
(291)
(30) (95) (95)
6
(2)
(1)
(318)
AMORTISATION/IMPAIRMENT
(1,762) 16,858
21
(26)
(1)
(1,863) 17,074
INTANGIBLE ASSETS, NET
112
(25)
217
7
173
2018-2019
PERNOD RICARD UNIVERSAL REGISTRATIONDOCUMENT
Made with FlippingBook - professional solution for displaying marketing and sales documents online