PERNOD-RICARD - URD 2020-21

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

Notional amount of contracts

Fair value

Description of financial instrument

> 1 year and < 5 years

Type of hedge at 30.06.2021 € million

> 5 years

< 1 year

Total

Assets Liabilities

Fair value hedge

22

-

Interest rate risk hedges

Swaps

-

673

-

673

22

-

Cross currency swaps

Interest rate and currency risk hedges

-

-

-

-

-

-

Net investment hedge

43

-

Currency risk hedges

FX forwards

-

-

-

-

-

-

Cross currency swaps

Interest rate and currency risk hedges

-

460

-

460

43

-

DERIVATIVE INSTRUMENTS INCLUDED IN NET DEBT

64

-

Cash flow hedge

2

0

Interest rate risk hedges

Swaps

-

-

-

-

-

-

Currency swaps and FX forwards and FX options

Hedging of currency risk on intragroup financing and operational hedging

20

-

-

20

1

-

Commodity risk hedges

Swaps

17

-

-

17

2

0

Non hedge accounting

6

6

Hedging of currency risk on intragroup financing and operational hedging

Currency swaps and FX forwards

1,494

-

-

1,494

6

6

Interest rate risk hedges

Swaps

-

-

-

-

-

-

TOTAL DERIVATIVE INSTRUMENTS

72

6

TOTAL NON-CURRENT

65

0

TOTAL CURRENT

8

6

The notional amount of these contracts is the nominal value of the contracts. Foreign currency denominated notional amounts in cross-currency swaps are shown in euros at the exchange rate agreed. For other instruments, notional amounts denominated in foreign currencies are translated into euros at year-end rates. Estimated market values are based on information available on the financial markets and valuation methods appropriate to the type of financial instrument concerned. These valuation methods yield results

consistent with the valuations provided by bank counterparties. The Group’s hedging instruments at 30 June 2021 are not ineffective.

225

PERNOD RICARD UNIVERSAL REGISTRATION DOCUMENT 2020-2021