PERNOD RICARD - Universal Registration Document 2019-2020

6. CONSOLIDATED FINANCIAL STATEMENTS Consolidated income statement

The financial statements at 30 June 2019 are not restated for the application of IFRS 16 “Leases” (for more details, see Note 1.1.2.1 to the consolidated financial statements below). The term “restated” refers solely to the restatement of the balance sheet at 30 June 2019, given the reclassification of uncertain tax positions required under IFRIC 23 (for more details, see Note 1.2.1.2 to the consolidated financial statements below). When information is presented without mentioning restatement, it means that the aggregates in question are not impacted by this interpretation.

Consolidated income statement 6.1

30.06.2019

30.06.2020

Notes

€ million

Net sales

9,182

8,448

2

Cost of sales

(3,533)

(3,361)

2

Gross margin after logistics expenses

5,648

5,086

2

Advertising and promotion expenses

(1,512)

(1,327)

2

Contribution after advertising and promotion

4,137

3,759

2

Structure costs

(1,556)

(1,499)

Profit from Recurring Operations

2,581

2,260

Other operating income/(expenses)

(206)

(1,283)

3.1

Operating profit

2,375

978

Financial expenses

(346)

(403)

3.2

Financial income

36

36

3.2

Financial income/(expense)

(310)

(366)

Corporate income tax

(582)

(258)

3.3

Share of net profit/(loss) of associates

0

0

Net profit from assets held for sale

-

(3)

4.12

NET PROFIT

1,482

350

o/w: non-controlling interests — Group share —

27 1,455

21 329

Earnings per share – basic (in euros)

5.51

1.25

3.4

Earnings per share – diluted (in euros)

5.48

1.24

3.4

164

Pernod Ricard Universal Registration Document 2019-2020