PERNOD RICARD - Universal Registration Document 2019-2020

6. CONSOLIDATED FINANCIAL STATEMENTS Notes to the consolidated financial statements

Notes to the consolidated financial statements 6.6

DETAILED CONTENTS OF THE NOTES

Accounting principles and significant NOTE 1 events

Notes to the consolidated cash flow NOTE 5 statement

171 171 174

206

Note 1.1 Note 1.2

Accounting policies

Additional information NOTE 6

206 206 207 209

Significant events during the financial year

Note 6.1

Shareholders’ equity

Segment information NOTE 2

176

Share-based payments Note 6.2

Off-balance sheet commitments Note 6.3

Notes to the income statement NOTE 3

178 178 178 179

Contingent liabilities Note 6.4

211 211 212 212

Note 3.1

Other operating income and expenses

Disputes Note 6.5

Financial income/(expense) Note 3.2 Corporate income tax Note 3.3

Related parties Note 6.6 Subsequent events Note 6.7

Earnings per share Note 3.4 Expenses by type Note 3.5

181 181

Fees of Statutory Auditors and members Note 6.8

of their networks for the 12-month financial year

213

Notes to the balance sheet NOTE 4

182 182 184 186

Consolidation scope NOTE 7

213 213 214

Note 4.1

Intangible assets and goodwill

Note 7.1 Note 7.2

Consolidation scope

Property, plant and equipment Note 4.2

List of main consolidated companies

Financial assets Note 4.3

Inventories and work in progress Note 4.4 Trade receivables and other operating Note 4.5 receivables

187

188 189 189 196

Other current assets Note 4.6

Note 4.7

Provisions

Financial liabilities Note 4.8 Financial instruments Note 4.9

200

Interest rate, foreign exchange and commodity Note 4.10 derivatives

203 206 206

Other current liabilities Note 4.11

Assets held for sale and related liabilities Note 4.12

Pernod Ricard SA is a French public limited company ( société anonyme ), subject to all laws governing commercial companies in France, and particularly to the provisions of the French Commercial Code. The Company is headquartered at 5, cours Paul Ricard, 75008 Paris and is listed on Euronext. The consolidated financial statements reflect the accounting position of Pernod Ricard and its subsidiaries (the “Group”). They are presented in euros and rounded to the nearest million.

The Group’s business is the production and sale of wines & spirits. The consolidated financial statements for the financial year ended 30 June 2020 were approved by the Board of Directors on 1 September 2020.

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