PERNOD-RICARD - URD 2020-21

____ 7. PERNOD RICARD SA FINANCIAL STATEMENTS NOTES TO THE PERNOD RICARD SA PARENT COMPANY FINANCIAL STATEMENTS

Increases and decreases in future tax liabilities Note 15 Type of temporary differences

Amount of tax

(€ thousand)

INCREASES

NIL

Organic and other

224

Other provisions for risk

-

Provision for pensions and other long-term employee benefits

27,270

DECREASES IN FUTURE TAX LIABILITIES

27,494

The tax rate used was 28.41% in the short term and 25.83% in the long term.

Compensation Note 16

Compensation allocated to Executive Directors and members of the Board of Directors amounted to €2,404,293.

Compensation (1) paid to Directors €1,007,293 Compensation (1) paid to the Chairman and Chief Executive Officer €1,397,000

Fixed and variable (1)

Operating income Note 17 Operating income totalled €319 million for FY21, compared to €240 million for FY20. It principally comprised rebilling of overheads to Group affiliates for €288 million in net sales, €19 million in royalties, and €11 million in provision reversals.

The net sales of €288 million comprised €83 million in France and €205 million abroad.

Financial (income)/expenses Note 18

30.06.2020

30.06.2021

(€ thousand)

Financial income from investments (see Note 22 - Affiliates and associates )

1,296,841

887,716

Income from other fixed asset securities and receivables

-

-

Interest and related income

206,472

71,878

Reversals of financial provisions and expense transfers

325,997

241,982

Foreign exchange gains

70,042

254,816

Net gains on disposals of marketable securities

-

-

TOTAL FINANCIAL INCOME

1,899,351

1,456,392

30.06.2021

30.06.2020

(€ thousand)

Depreciation, amortisation and provision charges

(266,880)

(232,989)

Interest and related expenses

(391,945)

(219,485)

Foreign exchange losses

(100,843)

(277,951)

Net expenses on disposals of marketable securities

-

-

TOTAL FINANCIAL EXPENSES

(759,668)

(730,425)

259

PERNOD RICARD UNIVERSAL REGISTRATION DOCUMENT 2020-2021