PERNOD-RICARD - URD 2021-22 EN

Annual consolidated financial statements Notes to the consolidated financial statements

The sensitivity of the debt to changes in the discount rate is shown in the table below:

Medical expenses and other employee benefits

Pension commitments

Total

€ million

Commitments at 30.06.2022

4,130 4,424 3,865

134 143 126

4,264 4,567 3,991

Commitments at 30.06.2022 with a 0.5% decrease in the discount rate Commitments at 30.06.2022 with a 0.5% increase in the discount rate

The impact of a change in the rate of increase in medical expenses would be as follows:

Effect of change

With current rate

Post-employment medical benefits € million

1% increase

1% decrease

On the present value of the benefit obligations at 30.06.2022

106

9

(7)

On the expense for FY22

5

0

(0)

The experience gains or losses on the benefit obligations and plan assets are set out below:

30.06.2022

Medical expenses and other employee benefits

Pension commitments

€ million

Amounts of experience losses or (gains) on benefit obligations Percentage compared with amounts of benefit obligations Amounts of financial assumption losses or (gains) on benefit obligations

74

(2)

1.8%

-1.5%

(1,157)

(15)

6.

Percentage compared with amounts of benefit obligations

-28.0%

-11.1%

Amounts of demographic assumption losses or (gains) on benefit obligations

(57)

(0)

Percentage compared with amounts of benefit obligations Amounts of experience losses or (gains) on plan assets

-1.4% 1,084 25.8%

-0.1%

-

Percentage compared with amounts of plan assets

0.0%

Amounts of experience losses or (gains) on the limitation on assets

8

-

Percentage compared with amounts of plan assets

0.2% 13.63

0.0% 12.79

Average duration (years)

229

Pernod Ricard Universal Registration Document 2021-2022