PERNOD RICARD - Universal Registration Document 2019-2020

5. MANAGEMENT REPORT Key figures from the consolidated financial statements for the year ended 30 June 2020

Key figures from the consolidated financial 5.1 statements for the year ended 30 June 2020 Income statement 5.1.1

30.06.2019

30.06.2020

€ million

Net sales

9,182

8,448

Gross margin after logistics expenses

5,648

5,086

Advertising and promotion expenses

(1,512)

(1,327)

Contribution after advertising & promotion costs

4,137

3,759

Profit from recurring operations

2,581

2,260

Operating profit

2,375

978

Financial income/(expense)

(310)

(366)

Corporate income tax

(582)

(258)

Share of net profit/(loss) of associates and net profit from assets held for sale

0

(3)

NET PROFIT

1,482

350

O/w: Non-controlling interests — Group share —

27 1,455 5.51 5.48

21 329 1.25 1.24

EARNINGS PER SHARE – BASIC (€) EARNINGS PER SHARE – DILUTED (€)

5.1.2

Balance sheet

30.06.2019 restated*

30.06.2020

€ million

Assets Non-current assets

22,665

21,953

Of which intangible assets and goodwill

17,074

16,576

Current assets

8,375

9,485

Assets held for sale

5

87

TOTAL ASSSETS

31,045

31,525

Liabilities and shareholders’ equity Consolidated shareholders’ equity

16,182

14,211

Non-current liabilities

10,034

12,735

Current liabilities

4,826

4,563

Liabilities held for sale

2

16

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 31,525 The opening liability positions on the Group’s balance sheet were restated for the first-time application of IFRIC 23 (reclassification of uncertain tax positions for * €150 million from “Non-current provisions” to “Income taxes payable”). 31,045

152

Pernod Ricard Universal Registration Document 2019-2020