PERNOD-RICARD - URD 2021-22 EN

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

Changes in provisions for pensions and other long-term employee benefits are shown below:

30.06.2022

30.06.2021

Medical expenses and other employee benefits

Medical expenses and other employee benefits

Pension commitments

Pension commitments

Net liability recognised in the balance sheet € million

Total

Total

Change in the actuarial value of cumulative benefit obligations Actuarial value of cumulative benefit obligations at beginning of period Adjustments to cumulative benefit obligations at the beginning of the financial year – IFRS IC reform Cumulative benefit obligations during the financial year

5,440

145

5,584

5,318

140 5,458

-

-

-

(11)

-

(11)

42

4 4

46 93

41

4 3 0

45

Interest cost (effect of unwinding of discount)

90

104

107

Employee contributions

4

1

5

4

4

Benefits paid

(257)

(8)

(265)

(261)

(7)

(268)

Administrative fees/premiums/levies

(0)

-

(0) (8)

(1)

-

(1)

Plan amendments/reduction of future rights

(1)

(7)

(0)

0

(0)

Liquidation of benefits Actuarial (gains)/losses Translation differences

0

-

0

0

-

0

(252)

5

(247)

(1,140)

(17)

(1,157)

251

(1)

249

75

10

85

Changes in scope of consolidation

1

(0)

0

1

-

1

Actuarial value of cumulative benefit obligations at the reporting date

5,318

140 5,458

4,130

134 4,264

Change in the fair value of plan assets

Fair value of plan assets at beginning of period

5,259

- - - - - - - - - - - - -

5,259

5,307

-

5,307

Interest income on plan assets

87

87

106

106

Experience gains/(losses) on plan assets

(101)

(101)

(1,084)

- -

(1,084)

Employee contributions

4

4

4

4

Employer contributions and benefits paid directly by the employer

47

47

48

- - - - - - - - - - -

48

Benefits paid

(249)

(249)

(253)

(253)

Administrative fees/premiums/levies

(9)

(9)

(9)

(9)

Plan amendments/reduction of future rights

(1)

(1)

- -

- -

Liquidation of benefits Translation differences

-

-

269

269

77

77

Changes in scope of consolidation

0

0

1

1

Fair value of plan assets at reporting date

5,307 5,206 5,307

5,307 5,206 5,307

4,198 4,034 4,198 (164)

4,198 4,034 4,198 (164)

Present value of funded benefits

Fair value of plan assets

- -

Deficit/(surplus) on funded benefits Present value of unfunded benefits Effect of ceiling on plan assets (including the impact of IFRIC 14)

(102)

(102)

112

140

253

96

134

230

41

-

41

56

-

56

Net (assets)/liabilities recognised in the balance sheet

52

140

192

(13)

134

121

226

Pernod Ricard Universal Registration Document 2021-2022