PERNOD RICARD - 2018-2019 Universal registration document

6.

CONSOLIDATED FINANCIAL STATEMENTS Notes to the consolidated financial statements

Breakdown of fixed-rate/floating-rate debt before and after interest rate hedging instruments 4.

30.06.2019

30.06.2018

Debt before hedging

Debt after hedging

Debt before hedging

Debt after hedging

€ million

Fixed-rate debt

6,770

88% 6,084

79%

6,871

91% 6,168

82%

Capped floating-rate debt

-

-

-

-

-

-

-

-

Floating-rate debt

946

12% 1,633

21%

672

9%

1,375

18%

FINANCIALDEBT AFTER HEDGINGBY TYPEOF RATE

7,716 100% 7,716 100% 7,543 100% At 30 June 2019, before taking account of any hedges, the Group’s gross debt was 91% fixed rate and 9% floating rate. After hedging, the floating-rate portion was 18%. 100% 7,543

Schedule of financial liabilitymaturity 5. The following table shows the maturity of future financial liability-related cash flows (nominal and interest). Floating-rate interest flows have been estimated on the basis of rates at 30 June 2018 and 30 June 2019.

Balance sheet value

Contractual flows

< 6  months

6 to 12months

1 to 2 years

2 to 3 years (1,071)

3 to 4 years (1,587)

4 to 5 years > 5 years

At 30 June 2018 € million Nominal value

- -

(7,679) (1,886) (9,565)

(323) (123)

(38)

(891) (249)

(727) (104) (830)

(3,042)

Interest

(126)

(232)

(176)

(876)

GROSS FINANCIALDEBT

(7,691)

(447)

(164)

(1,140)

(1,303)

(1,763)

(3,918)

Cross-currency swaps Flows payable — Flows receivable —

- - -

- - -

- - -

- - -

- - -

- - -

- - -

- - -

- - -

Derivative instruments – liabilities DERIVATIVE INSTRUMENTS LIABILITIES

(43)

(33)

(15)

(2)

(7)

(5)

(1)

(1)

(2)

(43)

(33)

(15)

(2)

(7)

(5)

(1)

(1)

(2)

TOTAL FINANCIAL LIABILITIES (7,734)

(9,598)

(461)

(166) (1,147) (1,308) (1,764)

(831) (3,921)

Balance sheet value

Contractual flows

< 6  months

6 to 12months

1 to 2 years (1,070)

2 to 3 years

3 to 4 years

4 to 5 years > 5 years

At 30.06.2019 € million Nominal value

- -

(7,499) (1,671) (9,170)

(33)

(995) (128)

(1,593)

(718) (105) (823)

(515) (90)

(2,574) (806)

Interest

(125)

(237)

(179)

GROSS FINANCIALDEBT

(7,555)

(159)

(1,124)

(1,307)

(1,772)

(605) (3,380)

Cross-currency swaps Flows payable — Flows receivable —

- - -

- - -

- - -

- - -

- - -

- - -

- - -

- - -

- - -

Derivative instruments – liabilities DERIVATIVE INSTRUMENTS LIABILITIES

(21)

(23)

(7)

(6)

(4)

(1)

(1)

(1)

(3)

(21)

(23)

(7)

(6)

(4)

(1)

(1)

(1)

(3)

TOTAL FINANCIAL LIABILITIES (7,575)

(9,193)

(165) (1,130)

(1,311) (1,774)

(825)

(607) (3,383)

Syndicated loan 6. At 30 June 2019, no drawdowns had been made from the multi-currency syndicated loan of €2,500 million.

189

2018-2019

PERNOD RICARD UNIVERSAL REGISTRATIONDOCUMENT