PERNOD-RICARD - URD 2021-22 EN

Annual consolidated financial statements Notes to the consolidated financial statements

The data and assumptions used for the annual impairment tests are as follows:

Value in use

Net carrying amount of goodwill at 30.06.2022

Net carrying amount of brands at 30.06.2022

Method used to determine the recoverable amount

Discount rate 2022

Discount rate 2021

Perpetual growth rate From -1% to +2.5% From -1% to +2.5% From -1% to +2.5%

€ million

Europe

2,062

4,497

5.70%

5.66%

Value in use based on the discounted cash flow method

Americas

3,139

5,932

6.48%

7.17%

Asia/Rest of the World

944

871

7.24%

7.66%

a 50 basis point increase in the after-tax discount rate; a 100 basis point increase in the after-tax discount rate; or a 50 basis point reduction in the perpetual rate growth over the duration of the multi-year plans.

The following table shows the amount of any additional impairment at 30 June 2022 of assets making up the CGUs or goodwill, which would result from: a 50 basis point reduction in the growth rate of the contribution after advertising and promotional expenditure;

50 basis point decrease in the growth rate of the contribution after advertising and promotional expenditure

50 basis point increase in the after-tax discount rate

100 basis point increase in the after-tax discount rate

50 basis point decrease in the perpetual growth rate

€ million

Europe

0

0 0 0

(155) (141)

0 0 0

Americas

(1)

Asia/Rest of the World

0

(46)

Total

(1)

0

(342)

0

6.

217

Pernod Ricard Universal Registration Document 2021-2022