PERNOD RICARD - Universal Registration Document 2019-2020
6. CONSOLIDATED FINANCIAL STATEMENTS Notes to the consolidated financial statements
Breakdown of provisions 1. The breakdown of provision at the balance sheet date is as follows:
Non-current provisions Provisions for pensions and other long-term employee benefits
Other non-current provisions for risks and charges
Current provisions Provisions for restructuring
Other current provisions for risks and charges
Changes in provisions (other than provisions for pensions and other long-term employee benefits) 2.
Movements in the year
30.06.2019 Restated Allowances
Other movements 30.06.2020
Provisions for restructuring
Other current provisions
Other non-current provisions
Some Group companies are involved in disputes as part of their normal business activities. They are also subject to tax audits, some of which may lead to tax reassessment. The main disputes are described in Note 6.5 – Disputes . At 30 June 2020, the provisions recorded by the Group for all litigation and risks in which it is involved amounted to €431 million, excluding uncertain tax positions recognised in current tax liabilities. The Group does not provide details (with exceptions), as it believes the disclosure of the amount of any provision booked in consideration of each pending dispute would be likely to cause serious harm to the Group.
The change in “Other current and non-current provisions” during the period is explained as follows: allowances stem mainly from proceedings brought against the Company and its affiliates, as part of the normal course of business and the emergence of new risks, including tax risks (other than corporate income tax risks); reversals are made at the time of corresponding payments or where the risk is considered to be nil. Unused reversals primarily concern the re-evaluation or the statute of limitation of certain risks, including tax risks.
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