PERNOD RICARD - 2018-2019 Universal registration document

6.

CONSOLIDATED FINANCIAL STATEMENTS Notes to the consolidated financial statements

> 1 year and < 5 years

Total 2,574

< 1 year

> 5 years

€ million

Commitments received at 30.06.2018

40

2,506

28

Commitments received in relation to companies within the Group Commitments received in relation to the financing of the Company

4

1

3

- 1

2,536 2,500

35

2,500 2,500

Lines of credit received and not used

-

- 1 -

Financial guarantees received

36

35

0

Other items

-

-

-

Commitments relating to the operating activities of the issuer Contractual commitments related to business activity and business development

33

3

3

27

31

3 1

2

26

Other items

3

1

1

> 1 year and < 5 years

Total 2,587

< 1 year

> 5 years

€ million

Commitments given at 30.06.2019

863

1,356

368

Commitments given in relation to companies within the Group Commitments given in relation to the financing of the Company

7

2

5

-

23

6

12

6

Financial guarantees given

23

6

12

6

Other items

-

-

-

-

Commitments relating to the operating activities of the issuer Firm and irrevocable commitments to purchase rawmaterials

2,556 1,744

855 582 163

1,339 1,087

362

74 68

Tax commitments (customs guarantees and others)

243

11

Operating lease agreements

555

97

239

219

Other items

15

13

2

1

> 1 year and < 5 years

Total 2,593

< 1 year

> 5 years

€ million

Commitments received at 30.06.2019

53

2,509

31

Commitments received in relation to companies within the Group Commitments received in relation to the financing of the Company

3

1

2

- 1

2,544 2,500

43

2,500 2,500

Lines of credit received and not used

0

- 1 -

Financial guarantees received

44

43

0

Other items

0

0 9

-

Commitments relating to the operating activities of the issuer

46

6

30

Contractual commitments related to business activity and business development

43

8

6

29

Other items

2

0

1

1

Contingent liabilities Note 6.4 Pernod Ricard has received several notices of tax adjustment for FY07 to FY15, specifically concerning, for an amount of 7,244 million Indian rupees (equivalent to €92 million, including interest), the tax deductibility of promotion and advertising expenses. It should be noted that the level and amount of this risk has been gradually and significantly reduced in recent years and that the Company obtained a court ruling in its favour in 2019 for the period from FY07 to FY11. Supported by its tax advisers, Pernod Ricard India disputes the merits of the reassessment proposal and believes it has a probable chance of success in litigation. Accordingly, no provision has been booked for this matter.

Lines of credit received and not used 1. The lines of credit received and not used correspond primarily to the nominal amount of the syndicated loan not drawn at 30 June 2019 (see Note 4.8 – Financial liabilities ). Firmand irrevocable commitments to purchase 2. rawmaterials In the context of their cognac, wine, champagne and whiskies production operations, the Group’s main affiliates have committed €1,662 million under eaux-de-vie , grape, base wine and grain supply agreements.

200

2018-2019

PERNOD RICARD UNIVERSAL REGISTRATIONDOCUMENT