PERNOD RICARD - 2018-2019 Universal registration document

6.

CONSOLIDATED FINANCIAL STATEMENTS Notes to the consolidated financial statements

Hedging instruments (by risk category and nature of hedge)

Notional amount of contracts

Fair value

Liabilities and shareholders’ equity

> 1 year and < 5 years > 5 years

Description of the financial instrument

Type of hedging at 30.06.2018 € million

< 1 year

Total

Assets

Fair value hedge

- - - 1

26

Interest rate risk hedges

Swaps

- - -

858

172

1,029

26

Interest rate and currency risk hedges

Cross-currency swaps

- - - - -

- - - - -

- -

- - - - -

Net investment hedge

Currency risk hedges

NDF & FX options

65

65

1

Interest rate and currency risk hedges

Cross-currency swaps

- -

- -

- -

Net asset hedging

Interest rate and currency risk hedges

Cross-currency swaps

-

-

-

-

-

-

DERIVATIVE INSTRUMENTS INCLUDED INNETDEBT

1

26

Cash flowhedge

3

4

Interest rate risk hedges

Swaps

-

172

-

172

-

1

Hedging of currency risk on intragroup financing and operational hedging

Currency swaps

65 16

-

- - -

65

0

3

Commodity risk hedges Non hedge accounting

Forwards

7

23

3

0

-

-

-

15

13

Hedging of currency risk on intragroup financing and operational hedging

Currency swaps and forwards

1,748

-

- -

1,748 1,201

15

8

Interest rate risk hedges

Swaps

-

1,201

-

5

TOTALDERIVATIVE INSTRUMENTS

19

43

TOTALNON-CURRENT

2

31 11

TOTALCURRENT

17

Notional amount of contracts

Fair value

Liabilities and shareholders’ equity

> 1 year and < 5 years > 5 years

Description of the financial instrument

Type of hedging at 30.06.2019 € million

< 1 year

Total

Assets

Fair value hedge

13

2 2 - - - - -

Interest rate risk hedges

Swaps

- - -

879

176

1,054

13

Interest rate and currency risk hedges

Cross-currency swaps

- - - - -

- - - - -

- -

- - - - -

Net investment hedge

Currency risk hedges

FX forwards

130

130

Interest rate and currency risk hedges

Cross-currency swaps

- -

- -

Net asset hedging

Interest rate and currency risk hedges

Cross-currency swaps

-

-

-

-

-

-

DERIVATIVE INSTRUMENTS INCLUDED INNETDEBT

13

2

Cash flowhedge

3

4

Interest rate risk hedges

Swaps

-

176

-

176

-

3

Currency swaps and FX forwards and FX options

Hedging of currency risk on intragroup financing and operational hedging

139

38

- - -

177

1

1

Commodity risk hedges Non hedge accounting

Swaps

12

3 -

15

2

0

-

-

9

15

Hedging of currency risk on intragroup financing and operational hedging

Currency swaps and forwards

1,424

-

- -

1,424 1,230

4 4

5

Interest rate risk hedges

Swaps

-

1,230

11

TOTALDERIVATIVE INSTRUMENTS

25

21 16

TOTALNON-CURRENT

20

TOTALCURRENT

6

5

194

2018-2019

PERNOD RICARD UNIVERSAL REGISTRATIONDOCUMENT