PERNOD-RICARD - URD 2021-22 EN

Annual consolidated financial statements Notes to the consolidated financial statements

Actuarial value of cumulative benefit obligations

Recognised in liabilities and shareholder equity

Fair value of plan assets

Limitation of plan assets

Amount recognised in assets

€ million

% € million

% € million

% € million

% € million

%

At 30.06.2022

United Kingdom

3,174 74% 3,364 80%

0 0% 0 0% 56 100% 0 0% 0 0% 0 0%

26

7% (216)

90%

United States

345 236 238 105

8% 6% 6% 2% 4%

254 275 189

6% 7% 4% 0% 2%

91

25%

0 0%

Canada Ireland France

39

11%

(22)

9%

49 14%

0 0% 0 0%

14

91

25%

Other countries

166

103

64 18%

(1)

0%

Total

4,264 100% 4,198 100% 56 100% 361 100% (239) 100%

The breakdown of pension assets between the different asset classes (Bonds, shares, etc.) is as follows:

30.06.2022

30.06.2021

Medical expenses and other employee benefits

Medical expenses and other employee benefits

Pension commitments

Pension commitments

Breakdown of pension assets

Shares Bonds

11% Not applicable 11% Not applicable 0% Not applicable 3% Not applicable 75% Not applicable

11% Not applicable 10% Not applicable 1% Not applicable 3% Not applicable 76% Not applicable

Other money market funds

Property assets

Other

Total

100% Not applicable

100% Not applicable

At 30 June 2022, “Other” assets notably include the value of the insurance policy taken out with Rothesay Life covering the obligations insured as part of the buy-in conducted in FY20.

Contributions payable by the Group in FY23 in respect of funded benefits are estimated at €52 million.

6.

Benefits payable in respect of defined benefit plans over the next 10 years are broken down as follows:

Medical expenses and other employee benefits

Benefits to be paid over the next 10 years € million

Pension commitments

2023 2024 2025 2026 2027

272 278 288 295 316

7 7 7 7 7

2028-2032

1,638

37

227

Pernod Ricard Universal Registration Document 2021-2022