PERNOD-RICARD - URD 2020-21

____ 6. CONSOLIDATED FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

Notes to the balance sheet Note 4 Intangible assets and goodwill Note 4.1

Intangible assets are measured at cost on initial recognition. With the exception of assets with indefinite useful lives, they are amortised on a straight-line basis over their period of use, which is generally less than five years, and are written down when their recoverable amount is less than their net carrying amount. Amortisation of intangible assets is recognised within operating profit in the income statement.

In the context of the Group’s activities, and in accordance with IAS 38 (Intangible assets), research and development costs are recognised as expenses in the financial year during which they are incurred, except for certain development costs which meet the capitalisation criteria described by the standard.

Movements in the year

Foreign currency gains and losses

Other movements 30.06.2020

30.06.2019 Acquisitions Allowances Disposals

€ million

Goodwill

5,528

199

-

(1)

21

0

5,747

Brands

12,957

227

-

0

47

0

13,230

Other intangible assets

452

41

-

(20)

(7)

5

471

GROSS VALUE

18,937

467

-

(21)

60

5

19,448

Goodwill

(137)

-

-

-

1

0

(136)

Brands

(1,408)

-

(999)

0

9

0

(2,398)

Other intangible assets

(318)

-

(34)

10

6

(1)

(338)

AMORTISATION/IMPAIRMENT

(1,863)

-

(1,033)

10

16

(1)

(2,872)

INTANGIBLE ASSETS, NET

17,074

467

(1,033)

(11)

76

4

16,576

Movements in the year

Foreign currency gains and losses

Other movements 30.06.2021

30.06.2020 Acquisitions Allowances Disposals

€ million

Goodwill

5,747

15

-

-

(139)

19

5,642

Brands

13,230

13

-

(8)

(346)

6

12,894

Other intangible assets

471

73

-

(42)

(2)

42

541

GROSS VALUE

19,448

100

-

(50)

(488)

67

19,077

Goodwill

(136)

-

-

-

(1)

(0)

(137)

Brands

(2,398)

-

(72)

7

95

(0)

(2,369)

Other intangible assets

(338)

-

(43)

40

2

(1)

(341)

AMORTISATION/IMPAIRMENT

(2,872)

-

(116)

46

95

(1)

(2,847)

INTANGIBLE ASSETS, NET

16,576

100

(116)

(4)

(393)

66

16,230

202

PERNOD RICARD UNIVERSAL REGISTRATION DOCUMENT 2020-2021