PERNOD-RICARD - URD 2021-22 EN

6. Annual consolidated financial statements Notes to the consolidated financial statements

The Group income taxes payables are broken down as follows:

30.06.2022

30.06.2021

€ million

Other current tax liabilities

166

151 112

Uncertain tax positions

117

Total current tax liabilities

282

263

Earnings per share Note 3.4

Basic and diluted earnings per share are calculated on the basis of the weighted average number of outstanding shares, less the weighted average number of dilutive instruments. The calculation of diluted earnings per share takes into account the potential impact of the exercise of all dilutive instruments (such as stock options, convertible bonds, etc.) on the theoretical number of shares. When funds are obtained at the date of exercise of the dilutive instruments, the “treasury stock” method is used to determine the theoretical number of shares to be taken into account. When funds are obtained at the issue date of the dilutive instruments, net profit is adjusted for the financial expense, net of tax, relating to these instruments.

30.06.2022

Numerator (€ million)

30.06.2021

Group share of net profit

1,305

1,996

Denominator (in number of shares) Average number of outstanding shares

260,796,076

259,031,734

Dilutive effect of performance share allocations

624,364

544,063 143,644

Dilutive effect of stock options and subscription options

93,465

Average number of outstanding shares – diluted

261,513,904

259,719,441

Earnings per share (€) Earnings per share – basic Earnings per share – diluted

5.00 4.99

7.71

7.69

Note 3.5

Expenses by type

Operating profit notably includes depreciation, amortisation and impairment expenses as well as employee benefits expense as follows:

30.06.2022

30.06.2021

€ million

Depreciation, amortisation and impairment expense on property, plant and equipment and intangible assets

(441)

(391)

Salaries and payroll costs

(1,216)

(1,374)

Pensions, medical expenses and other similar benefits under defined-benefit plans

(46) (28)

(45) (40)

Share-based payments

Total employee benefits expense

(1,290)

(1,459)

214

Pernod Ricard Universal Registration Document 2021-2022