PERNOD RICARD - Universal Registration Document 2019-2020

6. CONSOLIDATED FINANCIAL STATEMENTS Consolidated cash flow statement

Consolidated cash flow statement 6.5

30.06.2019

30.06.2020

Notes

€ million

Cash flow from operating activities Group net profit

1,455

329

Non-controlling interests

27

21

Share of net profit/(loss) of associates, net of dividends received

0

0

Financial (income)/expenses

310

366 258

Tax (income)/expenses

582

Net profit from discontinued operations

-

3

Depreciation of fixed assets

226

350

Net change in provisions

7

97

Net change in impairment of goodwill, property, plant and equipment and intangible assets

69 (3) (3)

1,007

Changes in fair value of commercial derivatives

0

Changes in fair value of biological assets

(3)

Net (gain)/loss on disposal of assets

0

(27)

Expenses related to share-based payments

40

23

Self-financing capacity before financing interest and taxes

2,711 (181) (340)

2,423 (433)

Decrease/(increase) in Working Capital Requirements

5.1

Interests paid

(371)

Interests received

32

36

Taxes paid/received

(521)

(474)

NET CHANGE IN CASH FLOW FROM OPERATING ACTIVITIES

1,701

1,181

Cash flow from investing activities Capital expenditure

(388)

(365)

Proceeds from disposals of property, plant and equipment and intangible assets

50

14

Change in scope of consolidation

-

-

Purchases of financial assets and activities Disposals of financial assets and activities

(192)

(618)

5.2

14

34

NET CHANGE IN CASH FLOW FROM INVESTING ACTIVITIES

(516)

(936)

Cash flow from financing activities Dividends and interim dividends paid

(645)

(849)

Other changes in shareholders’ equity

-

-

Issuance of long-term debt

163

3,822

5.3 5.3

Repayment of debt

(431)

(1,553)

Repayment of lease liabilities

-

(100) (526)

(Acquisitions)/disposals of treasury shares

(121)

Other transactions with non-controlling interests

-

-

NET CHANGE IN CASH FLOW FROM FINANCING ACTIVITIES

(1,034)

795

Cash flow from non-current assets held for sale

-

(3)

INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS (BEFORE FOREIGN EXCHANGE IMPACT)

151

1,037

Restatment for IFRS 15 on opening position

16

-

Effect of exchange rate changes

1

(26)

INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS (AFTER FOREIGN EXCHANGE IMPACT) CASH AND CASH EQUIVALENTS AT START OF PERIOD CASH AND CASH EQUIVALENTS AT END OF PERIOD

169 754 923

1,012

923

1,935

169

Pernod Ricard Universal Registration Document 2019-2020