PERNOD RICARD - 2018-2019 Universal registration document

6.

CONSOLIDATED FINANCIAL STATEMENTS Notes to the consolidated financial statements

Changes in provisions for pensions and other long-term employee benefits are shown below:

30.06.2019

30.06.2018

Medical expenses and other employee benefits

Medical expenses and other employee benefits

Pension benefits

Pension benefits

Net liabilities recognised in the balance sheet € million

Total

Total

Change in the actuarial value of cumulative benefit obligations Actuarial value of cumulative benefit obligations at beginning of period 5,480

165

5,645

5,092

148

5,240

Service cost

44 137

3 5 1

47

40 139

3 5 1

43

Interest cost (effect of unwinding of discount)

143

144

Employee contributions

2

3

2

3

Benefits paid

(302)

(10)

(312)

(262)

(10)

(272)

Administrative fees/premiums/levies Plan amendments/reduction of future rights

(1)

-

(1) (8) (3)

(1) 34

-

(1)

(6) (3)

(1)

0

33

Liquidation of benefits Actuarial (gains)/losses

-

-

-

-

(202)

(10)

(212) (62)

(50) (30)

(1)

(50) (27)

Currency translation adjustments Changes in scope of consolidation

(58)

(5)

2

0

0

0

0

0

0

ACTUARIAL VALUEOF CUMULATIVE BENEFITOBLIGATIONS AT ENDOF PERIOD Change in the fair value of plan assets Fair value of plan assets at beginning of period

5,092

148

5,240

4,965

147

5,113

5,517 140

- - - - - - - - - - - - - - -

5,517 140

5,478

- - - - - - - - - - - - - - -

5,478

Interest income on plan assets

151

151

Experience gains/(losses) on plan assets

122

122

265

265

Employee contributions Employer contributions

2

2

2

2

57

57

51

51

Benefits paid

(293)

(293)

(248)

(248)

Administrative fees/premiums/levies Plan amendments/reduction of future rights

(9)

(9)

(10)

(10)

- -

- -

- -

- -

Liquidation of benefits

Currency translation adjustments Changes in scope of consolidation

(56)

(56)

(45)

(45)

-

-

-

-

FAIRVALUEOF PLANASSETS AT END OF PERIOD

5,478 4,981 5,478 (497)

5,478 4,981 5,478 (497)

5,645 4,844 5,645 (801)

5,645 4,844 5,645 (801)

Present value of funded benefits

Fair value of plan assets

Deficit/(surplus) on funded benefits

Present value of unfunded benefits Effect of ceiling on plan assets (including the impact of IFRIC 14)

111

148

259

121

147

268

11

-

11

9

-

9

NET (ASSETS)/LIABILITIES RECOGNISED IN THE BALANCE SHEET

(375)

148

(227)

(671)

147

(524)

183

2018-2019

PERNOD RICARD UNIVERSAL REGISTRATIONDOCUMENT