PERNOD-RICARD - URD 2021-22 EN

Annual consolidated financial statements Notes to the consolidated financial statements

Asia/Rest of the World

At 30.06.2022 € million

Americas

Europe

Total

Income statement items Segment net sales

4,565 1,432 3,133 2,059 1,491 1,014

7,049

5,204 2,074 3,130 1,918 1,422

16,818

o/w intersegment sales

2,611

6,116

Net sales (excluding Group)

4,438 2,496 1,862 1,220

10,701 6,473 4,775 3,024

Gross margin after logistics expenses

Contribution after advertising and promotion expenses

Profit from recurring operations

790

Other information Current investments

76 39

159

382 237

616 391

Depreciation, amortisation and impairment

114

The impact of right-of-use assets on current investments and depreciation, amortisation and impairment expense is as follows:

Asia/Rest of the World

At 30.06.2022 € million

Americas

Europe

Total

Current investments

4

54 45

52

110

Depreciation, amortisation and impairment

11

50

106

Breakdown of net sales

30.06.2021 published

30.06.2021 restated

Variation (€ million)

30.06.2022

Variation (%)

€ million

Strategic International Brands

5,544

5,544

6,780

1,237

22% 22%

Strategic Local Brands

1,576

1,576

1,917

341

Strategic wines

425 472 807

484 472 748

485 598

1

0%

Speciality

126 173

27% 23%

Other products

921

6.

Total

8,824

8,824

10,701

1,877

21%

Since FY22, the “Strategic wines” segment has changed to reflect our wine strategy and prioritisation. This segmentation change has been applied to the period ended 30 June 2021 for comparison purposes.

Note 3

Notes to the income statement

Note 3.1

Other operating income/(expenses)

Other operating income and expenses include impairment of property, plant and equipment and intangible assets, costs relating to restructuring and integration, capital gains or losses on disposals, as well as other non-recurring operating income and expenses. These other operating income and expenses are excluded from the profit from recurring operations given their unusual, abnormal and infrequent nature, which would distort the reading of the Group’s performance.

Other operating income and expenses are broken down as follows:

30.06.2022

30.06.2021

€ million

Impairment of property, plant and equipment and intangible assets

(78) (34) (64)

(10)

Gains or losses on asset disposals and acquisition costs

(8)

Net restructuring and reorganisation expenses

(23)

Disputes and risks

141

(17)

Other non-recurring operating income and expenses

(26)

(5)

Other operating income/(expenses)

(62)

(62)

At 30 June 2022, other operating income and expenses mainly consisted of restructuring expenses for €23 million and expenses for disputes and risks for €17 million.

211

Pernod Ricard Universal Registration Document 2021-2022