PERNOD-RICARD - URD 2021-22 EN

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

Hedged items (by category and nature of hedge)

Cumulative FVH adjustments included in the carrying amount of the hedged item

Balance sheet item in which the

Carrying amount of the hedged item

Change in fair value of CFH derivatives in OCI

hedged item is included

CFH reserves

Type of hedging at 30.06.2021 € million

Assets Liabilities

Assets Liabilities

Fair value hedge (FVH) Interest rate risk Fixed-rate Bonds hedged

- -

682

22

- -

Bonds Bonds

N/A N/A

N/A N/A

End of hedging

-

-

Currency risk Firm commitment

-

-

-

-

-

N/A

N/A

Cash flow hedge (CFH) Interest rate risk Floating rates of Bonds

N/A

N/A

N/A

N/A

N/A N/A

-

3

End of hedging

-

-

-

-

(6)

-

Currency risk Future foreign currency sales hedges

N/A

N/A

N/A

N/A

N/A N/A

1

1

End of hedging

-

-

-

-

-

-

Commodity risk Commodity risk hedges

N/A

N/A

N/A

N/A

N/A

1

1

Net investment hedge (NIH) Net assets hedged

421

- -

N/A

N/A

N/A N/A

N/A

N/A

End of hedging

-

-

-

-

-

N/A: not applicable.

Cumulative FVH adjustments included in the carrying amount of the hedged item

Balance sheet item in which the

Carrying amount of the hedged item

Change in fair value of CFH derivatives in OCI

hedged item is included

CFH reserves

Type of hedge at 30.06.2022 € million Fair value hedge (FVH) Interest rate risk Fixed-rate Bonds hedged

Assets Liabilities

Assets Liabilities

- - - -

781

5

9

Bonds Bonds

N/A N/A

N/A N/A

End of hedging

- - -

- - -

- - -

Currency risk

- -

-

-

Firm commitment

N/A

N/A

Cash flow hedge (CFH) Interest rate risk Floating rates of Bonds

N/A

N/A

N/A

N/A

N/A N/A

- - - - - -

-

End of hedging

- -

- -

- -

- -

6

Currency risk

-

-

Future foreign currency sales hedges

N/A

N/A

N/A

N/A

N/A N/A

(1)

End of hedging Commodity risk

- -

- -

- -

- -

- -

-

Commodity risk hedges

N/A

N/A

N/A

N/A

N/A

5

4

Net investment hedge (NIH) Net assets hedged

481

- -

N/A

N/A

N/A N/A

N/A

N/A

End of hedging

-

-

-

-

-

N/A: not applicable.

240

Pernod Ricard Universal Registration Document 2021-2022