PERNOD-RICARD - URD 2020-21

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

Movements in the year

Foreign currency gains and losses

Other movements 30.06.2021

30.06.2020 Acquisitions Allowances

Disposals

€ million

Other financial assets

273

(0)

-

17

4

294

Equity instruments

101

51

(1)

(2)

144

293

Loans, guarantees and deposits

219

24

(11)

(6)

(119)

107

GROSS VALUE

593

75

-

(12)

9

28

694

Provisions for other financial assets

0

(0)

0

-

(0)

Impairment losses recognised on available-for-sale financial assets

-

-

-

-

-

-

Provisions on equity instruments

(7)

-

-

0

0

(7)

Provisions for loans, guarantees and deposits

(63)

(1)

4

59

(2)

PROVISIONS

(71)

(1)

-

4

59

(9)

NON-CURRENT FINANCIAL ASSETS, NET

522

75

(1)

(12)

13

87

684

Other financial assets at 30 June 2021 included €285 million of plan surplus related to employee benefits, compared to €265 million at the end of June 2020. This change is mainly due to changes in actuarial assumptions over the period (see Note 4.7 – Provisions ).

At 30 June 2021, equity instruments consisted mainly of unconsolidated securities held by the Group and in particular, those of Jumia Technologies AG, measured at fair value through OCI in the amount of €165 million based on the closing share price of €25.61 on 30 June 2021 (compared with €4.90 per share on 30 June 2020).

Inventories and work in progress Note 4.4

Inventories are measured at the lower of either their cost (acquisition cost and cost of production, including indirect production overheads) or their net realisable value. Net realisable value is the selling price less the estimated costs of

inventories is computed using a single method which includes distilling and ageing costs. These inventories are classified in current assets, although a substantial part remains in inventory for more than one year in order to undergo the ageing process

completion and sale of inventories. Most inventories are valued used for certain wines & spirits before being sold. using the weighted average cost method. The cost of long-cycle

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PERNOD RICARD UNIVERSAL REGISTRATION DOCUMENT 2020-2021