PERNOD-RICARD_REGISTRATION_DOCUMENT_2017-2018

5

CONSOLIDATED FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

Movements in the year

Foreign currency gains and losses

Other movements 30.06.2018

30.06.2017 Acquisitions Allowances Disposals

€ million

Other financial assets

528

34

- - - - -

(1) (1) (6)

(4)

208

765

Available-for-sale financial assets

23

0

0

(2) 47

19

Guarantees and deposits

112

10

(6)

157

Investment-related receivables

0

1

-

0

-

1

GROSS VALUE

663

46

(8)

(10)

253

943

Provisions for other financial assets

(6)

-

0

-

0

4

(2)

Impairment losses recognised on available-for-sale financial assets

(6) (1)

- -

-

- -

0

-

(6)

Provisions for guarantees and deposits Impairment losses recognised on investment-related receivables

3

(1)

(50)

(49)

0

- -

-

- -

0

-

0

IMPAIRMENT

(13) 650

3 3

(1)

(46) 207

(57) 886

NON-CURRENT FINANCIAL ASSETS, NET

46

(8)

(11)

Other financial assets on 30 June 2018 included €754 million of plan surplus related to employee benefits, compared to €521 million at the end of June 2017 (see Note 4.7 – Provisions ). Inventories and work-in-progress Note 4.4 These inventories are classified in current assets, although a production overheads) or their net realisable value. Net realisable substantial part remains in inventory for more than one year before value is the selling price less the estimated costs of completion and being sold in order to undergo the ageing process used for certain sale of inventories. Most inventories are valued using the weighted Wines and Spirits. average cost method. The cost of long-cycle inventories is computed Inventories are measured at the lower of either their cost (acquisition cost and cost of production, including indirect using a single method which includes distilling and ageing costs.

The breakdown of inventories and work in progress at the balance sheet date is as follows:

Movements in the year

Change in gross value

Change in impairment

Foreign currency gains and losses

Other movements 30.06.2017

30.06.2016

€ million

Raw materials

132

(4)

- - - - -

(3)

(1)

125

Work-in-progress Goods in inventory Finished products

4,454

142 (15)

(103)

7 0

4,500

476 286

(10)

451 275

(4)

(3)

(4)

GROSS VALUE Raw materials

5,349

119

(118)

1 1 0 0 0 1 2

5,351

(10) (17) (16) (11) (55)

- - - - -

(1)

0 0 1 0 1

(10) (13) (13) (10) (46)

Work-in-progress Goods in inventory Finished products

5 3 0 7 7

IMPAIRMENT

NET INVENTORIES

5,294

119

(117)

5,305

170

PERNOD RICARD REGISTRATION DOCUMENT 2017/2018