PERNOD-RICARD_REGISTRATION_DOCUMENT_2017-2018

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CORPORATE GOVERNANCE AND INTERNAL CONTROL FINANCIAL AND ACCOUNTING REPORTING

FINANCIAL AND ACCOUNTING REPORTING 2.3

Preparation of the Group’s 2.3.1 consolidated financial statements In addition to the management information described above, the Group prepares half-year and annual consolidated financial statements. This process is managed by the Consolidation Department attached to the Group’s Finance Department, as follows: communication of the main Group accounting and financial policies ● through a procedures manual; preparation of specific instructions by the Consolidation Department, ● including a detailed timetable, and issuance to the affiliates prior to each consolidation; consolidation by sub-group; ● preparation of the consolidated financial statements on the basis of ● the information provided, to cover the entire scope of consolidation; and use of a single software package by Group affiliates. The maintenance ● of this software package and user training are carried out by the Group’s Finance Department, with occasional assistance from external consultants. In addition, consolidated affiliates sign a letter of representation addressed to the Statutory Auditors, which is also sent to the Headquarters. This letter is binding on the Senior Management of each consolidated affiliate with regard to the accuracy and completeness of the financial information sent to the Headquarters in respect of the consolidation process.

Preparation of Pernod Ricard’s 2.3.2 Parent Company financial statements Pernod Ricard prepares its financial statements in accordance with applicable laws and regulations. It prepares the consolidation package in accordance with the instructions received from the Company’s Finance Department.

Paris, 28 August 2018 Mr Alexandre Ricard Chairman & CEO

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PERNOD RICARD REGISTRATION DOCUMENT 2017/2018