PERNOD RICARD - 2018-2019 Universal registration document

6.

CONSOLIDATED FINANCIAL STATEMENTS Notes to the consolidated financial statements

Financial assets Note 4.3 Financial assets consist mainly of Group interests in non-consolidated companies, loans, sureties and deposits, guarantee deposits required by the tax regulations of certain countries and plan assets for pension obligations (not entering into the scope of IFRS 9). Equity instruments Non-consolidated securities are recorded on the balance sheet at fair value. Fair value results and the disposal gain or loss are recorded, in accordance with the management intention, either (i) in the income statement under the heading “Financial income/Financial expense – other non-recurring financial items”

or (ii) in consolidated shareholders’ equity under the heading “Other comprehensive income”, and are not recycled through profit or loss. Fair value is determined on the basis of the financial criteria most appropriate to the specific situation of each company. The fair value of financial assets listed on a financial market is their stock market value. For other non-consolidated securities, the measurement criteria normally applied are the share of shareholders’ equity and future profitability. Loans, guarantees and deposits Loans, guarantees and deposits are valued at amortised cost.

30.06.2019

30.06.2018

Current

Non-current

Current

Non-current

€ million

Net financial assets Available-for-sale financial assets*

-

13

N/A

N/A

Equity instruments* Other financial assets

N/A

N/A

- -

194

-

763

1,096

Net loans and receivables Loans, receivables and deposits

- -

108

- -

129

Total net non-current financial assets

886

1,419

Derivative instruments FINANCIAL ASSETS

17

2

6

20

17 1,438 The application of IFRS 9 resulted in the disappearance of the “Available-for-sale financial assets” category on 1 July 2018 and the creation of a new category, “Equity instruments”. See Note 1.1.2.1.2 – * IFRS 9 (Financial Instruments). 888 6

: not applicable. N/A

The table below shows the movements of financial assets, excluding derivative instruments:

Movements in the year

Foreign currency gains and losses

Other movements 30.06.2018

30.06.2017 Acquisitions Allowances Disposals

€ million

Other financial assets

528

34

- - - - -

(1) (1)

(4)

208

765

Available-for-sale financial assets

23

0

0

(2) 47

19

Guarantees and deposits

112

10

(6)

(6)

157

Investment-related receivables

0

1

-

0

-

1

GROSS VALUE

663

46

(8)

(10)

253

943

Provisions for other financial assets

(6)

-

0

-

0

4

(2)

Impairment losses recognised on available-for-sale financial assets

(6)

- -

- 3

- -

0

-

(6)

Provisions for guarantees and deposits Impairment losses recognised on investment-related receivables

(1)

(1)

(50)

(49)

0

- -

-

- -

0

-

0

IMPAIRMENT

(13) 650

3 3

(1)

(46) 207

(57) 886

NON-CURRENT FINANCIAL ASSETS, NET

46

(8)

(11)

177

2018-2019

PERNOD RICARD UNIVERSAL REGISTRATIONDOCUMENT