PERNOD-RICARD - URD 2020-21

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

Other operating payables Note 4.11

Other current liabilities are broken down as follows:

30.06.2021

30.06.2020

€ million

Taxes and social payables

628

718

Other operating payables

388

416

TOTAL

1,016

1,134

Other current liabilities at 30 June 2021 mainly comprise the interim dividend payment of €347 million on 9 July 2021. Most of these other current liabilities are due within one year.

Assets held for sale and related liabilities Note 4.12

The Group does not hold significant assets held for sale as defined by IFRS 5 as at 30 June 2021.

Note 5

Notes to the cash flow statement

Working capital requirement 1. Working capital requirements increased by €54 million. The change breaks down as follows: increase in inventory: +€305 million; increase in trade receivables: +231 million; increase in operating and other payables: €(500) million; other movements: +€18 million. The increase in inventory relates to the build-up of ageing inventories to meet future demand.

Purchases of financial assets and activities 2. The acquisitions of financial assets and activities net of disposals generated a cash outflow of €(116) million, mainly related to acquisitions and disposals of activities in the period, related in particular to the transactions described in paragraph 2.1 of Note 1.2 – Significant events during the financial year . Issuance/redemption of Bonds 3. During the financial year, the Group Pernod Ricard carried out bond issuance/subscriptions for €1,788 million and bond redemptions for €2,379 million. These transactions mainly correspond to the bond subscriptions and redemptions described in paragraph 2.2 of Note 1.2 – Significant events during the financial year . In addition, the Group decreased the stock of commercial paper for €292 million. The Group also paid €110 million in respect of its lease liabilities, of which €97 million related to repayment of the nominal amount and €12 million to interest payments reported in cash flow from operating activities.

Note 6 Shareholders’ equity Note 6.1 Share capital 1.

Additional information

In July 2020, the Group reduced its share capital by cancelling 3,545,032 shares previously held that were acquired under the share buyback programme. Following this transaction, the share capital changed to €405,908,668, divided into 261,876,560 shares with a par value of €1.55 each:

Amount (€ million)

Number of shares

Share capital on 30.06.2020

265,421,592

411

Share capital on 30.06.2021

261,876,560

406

All Pernod Ricard shares are issued and fully paid up and have a nominal value of €1.55. Only one class of Pernod Ricard shares exists. These shares obtain double voting rights if they have been registered in the name of the same shareholder for an uninterrupted period of 10 years.

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PERNOD RICARD UNIVERSAL REGISTRATION DOCUMENT 2020-2021