PERNOD-RICARD - URD 2020-21

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

Changes in provisions for pensions and other long-term employee benefits are shown below:

30.06.2020

30.06.2021

Medical expenses and other employee benefits

Medical expenses and other employee benefits

Net liability recognised in the balance sheet € million

Pension commitments

Pension commitments

Total

Total

Change in the actuarial value of cumulative benefit obligations value of cumulative benefit obligations at beginning of period 4,965

147

5,113

5,440

145 5,584

Service cost

42

3

46

42

4

46

Interest cost (effect of unwinding of discount)

118

4

122

90

4

93

Employee contributions

4

1

5

4

1

5

Benefits paid

(257)

(10)

(268)

(257)

(8)

(265)

Administrative fees/premiums/levies

0

-

0

(0)

-

(0)

Plan amendments/reduction of future rights

(11)

(5)

(16)

(1)

(7)

(8)

Liquidation of benefits

0

-

0

0

-

0

Actuarial (gains)/losses

641

6

647

(252)

5

(247)

Currency translation adjustments

(91)

(1)

(92)

251

(1)

249

Changes in scope of consolidation

28

0

28

1

(0)

0

Other items ACTUARIAL VALUE OF CUMULATIVE BENEFIT OBLIGATIONS AT END OF PERIOD Change in the fair value of plan assets Fair value of plan assets at beginning of period

5,440

145 5,584

5,318

140 5,458

5,645

-

5,645

5,259

-

5,259

Interest income on plan assets

136

-

136

87

-

87

Experience gains/(losses) on plan assets

(269)

-

(269)

(101)

-

(101)

Employee contributions

4

-

4

4

-

4

Employer contributions

53

-

53

47

-

47

Benefits paid

(248)

-

(248)

(249)

-

(249)

Administrative fees/premiums/levies

(12)

-

(12)

(9)

-

(9)

Plan amendments/reduction of future rights

-

-

-

(1)

-

(1)

Liquidation of benefits

-

-

-

-

-

-

Currency translation adjustments

(77)

-

(77)

269

-

269

Changes in scope of consolidation

26

-

26

0

-

0

FAIR VALUE OF PLAN ASSETS AT END OF PERIOD

5,259

-

5,259

5,307

-

5,307

Present value of funded benefits

5,335

-

5,335

5,206

-

5,206

Fair value of plan assets

5,259

-

5,259

5,307

-

5,307

Deficit/(surplus) on funded benefits

77

-

77

(102)

-

(102)

Present value of unfunded benefits

104

145

249

112

140

253

Effect of ceiling on plan assets (including the impact of IFRIC 14)

15

-

15

41

-

41

NET (ASSETS)/LIABILITIES RECOGNISED IN THE BALANCE SHEET

196

145

341

52

140

192

213

PERNOD RICARD UNIVERSAL REGISTRATION DOCUMENT 2020-2021