PERNOD-RICARD - URD 2021-22 EN

7. Pernod Ricard SA separate financial statements Notes to the Pernod Ricard SA separate financial statements

Exceptional items Note 19

Amount at 30.06.2022

€ thousand

Net profit on management operations

(50,036)

Net profit on capital operations

382

Charges and reversals of financial provisions and expense transfers

46,296

Exceptional items

(3,358)

Off-balance sheet commitments Note 20

Guarantees granted Commitments made

Amount at 30.06.2022

€ thousand

Guarantees on behalf of affiliates

54

Other leases

1,019

Rents

115,823

Total

116,896

Commitments granted include guarantees, in particular those related to bonds, commercial paper and the syndicated loan.

Derivative instruments

Fair value at 30 June 2022 (€ thousand)

Nominal value (US$ thousand )

Hedging for Pernod Ricard SA

Interest rate swaps

800,000 998,000

(3,432) 196,971

Currency swaps

Total

1,798,000

193,539

Interest rate swaps provide hedging for Pernod Ricard SA’s external or internal debts that bear fixed-rate interest. At 30 June 2022 these broke down as follows:

Net base (US$ thousand)

USD interest rate hedge

Maturity

Interest rate swaps Interest rate swaps

July 2022

600,000 100,000

June 2026

Interest rate swaps

June 2026

100,000

Basis (US$ thousand)

Currency hedge

Maturity

Currency swaps Currency swaps Currency swaps

December 2022 December 2022

800,000 400,000 (202,000)

July 2022

Currency swaps

998,000

Financial assets

2,427,973

Financial liabilities

(2,490,477)

Total

(62,504)

Payables and receivables denominated in foreign currencies are hedged by currency swaps. The Company had a residual US dollar position of US$(63) million at 30 June 2022.

274

Pernod Ricard Universal Registration Document 2021-2022