PERNOD-RICARD - URD 2020-21

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

Hedged items (by category and nature of hedge)

Cumulative FVH adjustments included in the carrying amount of the hedged item

Balance sheet item in which the hedged item is included

Change in fair value of CFH derivatives in OCI

Carrying amount of the hedged item

Type of hedging at 30.06.2020 € million FAIR VALUE HEDGE (FVH) Interest rate risk Fixed-rate Bonds hedged

CFH reserves

Assets Liabilities

Assets Liabilities

-

1,087

44

-

Bonds

N/A

N/A

End of hedging

-

-

5

11

Bonds

N/A

N/A

Currency risk

-

-

-

-

-

-

-

Firm commitment

-

-

-

-

-

N/A

N/A

CASH FLOW HEDGE (CFH) Interest rate risk Floating rates of Bonds

N/A

N/A

N/A

N/A

N/A

(3)

0

End of hedging

-

-

-

-

N/A

(6)

11

Currency risk

-

-

-

-

-

-

-

Future foreign currency sales hedges

N/A

N/A

N/A

N/A

N/A

(0)

0

End of hedging

-

-

-

-

N/A

-

-

Commodity risk

-

-

-

-

-

-

-

Commodity risk hedges

N/A

N/A

N/A

N/A

N/A

0

(0)

NET INVESTMENT HEDGE (NIH) Net assets hedged

447

-

N/A

N/A

N/A

N/A

N/A

End of hedging

-

-

-

-

N/A

-

-

N/A: not applicable.

Cumulative FVH adjustments included in the carrying amount of the hedged item

Balance sheet item in which the hedged item is included

Change in fair value of CFH derivatives in OCI

Carrying amount of the hedged item

Type of hedge at 30.06.2021 € million FAIR VALUE HEDGE (FVH) Interest rate risk Fixed-rate Bonds hedged

CFH reserves

Assets Liabilities

Assets Liabilities

-

682

22

-

Bonds

N/A

N/A

End of hedging

-

-

-

-

Bonds

N/A

N/A

Currency risk Firm commitment

-

-

-

-

-

N/A

N/A

CASH FLOW HEDGE (CFH) Interest rate risk Floating rates of Bonds

N/A

N/A

N/A

N/A

N/A

-

3

End of hedging

-

-

-

-

N/A

(6)

-

Currency risk Future foreign currency sales hedges

N/A

N/A

N/A

N/A

N/A

1

1

End of hedging

-

-

-

-

N/A

-

-

Commodity risk Commodity risk hedges

N/A

N/A

N/A

N/A

N/A

1

1

NET INVESTMENT HEDGE (NIH) Net assets hedged

421

-

N/A

N/A

N/A

N/A

N/A

End of hedging

-

-

-

-

N/A

-

-

N/A: not applicable.

226

PERNOD RICARD UNIVERSAL REGISTRATION DOCUMENT 2020-2021