PERNOD-RICARD - URD 2020-21
____ 6. CONSOLIDATED FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Actuarial value of cumulative benefit obligations
Recognised in liabilities and shareholders’ equity
Fair value of plan assets
Limitation of plan assets
Amount recognised in assets
At 30.06.2021
(€ million)
% (€ million)
% (€ million)
% (€ million)
% (€ million)
%
Kingdom
4,233
78% 4,426
83%
0
0%
62
13% (255)
89%
United States
369
7%
266
5%
0
0%
103
22%
0
0%
Canada
273
5%
301
6%
41
100%
41
9%
(28)
10%
Ireland
295
5%
208
4%
0
0%
87
18%
(1)
0%
France
130
2%
13
0%
0
0%
117
24%
0
0%
Other countries
159
3%
93
2%
0
0%
67
14%
(1)
0%
TOTAL
5,458 100% 5,307 100%
41 100% 477 100% (285)
100%
The breakdown of pension assets between the different asset classes (Bonds, shares, etc.) is as follows:
30.06.2020
30.06.2021
Medical expenses and other employee benefits
Medical expenses and other employee benefits
Pension commitments
Pension commitments
Breakdown of pension assets
Shares
10% Not applicable
11% Not applicable
Bonds
10% Not applicable
11% Not applicable
Other money market funds
1% Not applicable
0% Not applicable
Property assets
2% Not applicable
3% Not applicable
Other items
77% Not applicable
75% Not applicable
TOTAL
100% NOT APPLICABLE
100% NOT APPLICABLE
At 30 June 2021, “Other” assets notably include the value of the insurance policy taken out with Rothesay Life covering the obligations insured as part of the buy-in conducted in FY20.
Contributions payable by the Group in FY22 in respect of funded benefits are estimated at €44 million.
Benefits payable in respect of defined benefit plans over the next 10 years are broken down as follows:
Medical expenses and other employee benefits
Benefits to be paid over the next 10 years € million
Pension commitments
2022
266
7
2023
269
6
2024
276
6
2025
285
6
2026
302
6
2027-2031
1,583
34
214
PERNOD RICARD UNIVERSAL REGISTRATION DOCUMENT 2020-2021
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