PERNOD-RICARD - URD 2021-22 EN

Annual consolidated financial statements Notes to the consolidated financial statements

Notional amount of contracts

Fair value

Description of financial instrument

> 1 year and < 5 years > 5 years

Type of hedge at 30.06.2022 € million

< 1 year

Total

Assets Liabilities

Fair value hedge

5 5

9 9

Interest rate risk hedges

Swaps

578

193

-

770

Cross currency swaps

Interest rate and currency risk hedges

-

-

-

-

- - -

-

Net investment hedge Currency risk hedges

9

FX forwards

-

-

-

-

-

Cross currency swaps

Interest rate and currency risk hedges Derivative instruments included in net debt

-

460

-

460

-

9

5

18

Cash flow hedge

15

0

Interest rate risk hedges

Swaps

-

-

-

-

-

-

Currency swaps & FX Forwards & FX Options

Hedging of currency risk on intragroup financing and operational hedging

-

- -

- -

-

-

-

Commodity risk hedges Non hedge accounting

Swaps

12

12

15 16

0 9

Currency swaps & FX forwards

Hedging of currency risk on intragroup financing and operational hedging

1,625

- -

- -

1,625

16

9

Interest rate risk hedges

Swaps

-

-

-

-

Total derivative instruments

37

27

Total non-current

4

18

6.

Total current

32

9

The notional amount of these contracts is the nominal value of the contracts. Foreign currency denominated notional amounts in cross-currency swaps are shown in euros at the exchange rate agreed. For other instruments, notional amounts denominated in foreign currencies are translated into euros at year-end rates. Estimated market values are based on

information available on the financial markets and valuation methods appropriate to the type of financial instrument concerned. These valuation methods yield results consistent with the valuations provided by bank counterparties. The Group’s hedging instruments at 30 June 2022 were not ineffective.

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Pernod Ricard Universal Registration Document 2021-2022