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
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