PERNOD-RICARD - URD 2021-22 EN

Annual consolidated financial statements Notes to the consolidated financial statements

Movements of the period

Foreign currency gains and losses

of which right of-use assets*

Other movements 30.06.2022

30.06.2021 Acquisitions Allowances Disposals

€ million

Land

405

96

- - -

5

8

(1) 75

503

62

Buildings

1,838 2,264

110

36 66

53 80

2,040 2,509

497

Machinery and equipment

99

131

48

Other property, plant and equipment

923 220

95

- -

37

16

8

1,004

75

Assets in progress

307

1

9

(234)

301

-

Advance on property, plant and equipment

7

5

- -

0

1

(4)

9

-

Gross value

5,658

711

146

167

(24)

6,366

682

Land

(48)

-

(10)

(1)

(2)

1

(59)

(21)

Buildings

(691)

(1)

(117) (141)

(30) (61) (29)

(22) (44)

(6)

(807)

(174)

Machinery and equipment

(1,317)

-

2

(1,439)

(22) (41)

Assets in progress

(425)

(0)

(70)

(8)

4

(469)

Depreciation/ impairment

(2,481)

(1)

(339)

(121)

(76)

1

(2,775)

(259)

Property, plant and equipment, net

424

3,177

710

(339)

25

91

(23)

3,591

Financial assets Note 4.3

Financial assets consist mainly of Group interests in non-consolidated companies, loans, sureties and deposits, guarantee deposits required by the tax regulations of certain countries and plan assets for pension obligations (not entering into the scope of IFRS 9). Shareholder equity instruments Investments in non-consolidated entities are recorded in the Balance sheet at fair value. Fair value results and the disposal gain or loss are recorded, in accordance with the management intention, either (i) in the income statement under the heading “Financial income/Financial expenses – other non-recurring financial items” or (ii) in consolidated shareholder equity under the heading “Other comprehensive income” and are not recycled through profit or loss.

Fair value is determined on the basis of the financial criteria most appropriate to the specific situation of each company. The fair value of financial assets listed on a financial market is their stock market value. The valuation criteria generally used for other non-consolidated investments are share of shareholder equity and future profitability. Loans, guarantees and deposits Loans, guarantees and deposits are valued at amortised cost.

6.

30.06.2022

30.06.2021

Current

Non-current

Current

Non-current

€ million

Net financial assets Shareholder equity instruments

- -

286 294

- -

345 247

Other financial assets

Net loans and receivables Loans, receivables and deposits Total net non-current financial assets

- -

106 685

- -

169 761

Derivative instruments

8

65

32

4

Financial assets

8

750

32

766

219

Pernod Ricard Universal Registration Document 2021-2022