PERNOD RICARD - Universal Registration Document 2019-2020

6. CONSOLIDATED FINANCIAL STATEMENTS Notes to the consolidated financial statements

Offsetting of financial assets and financial liabilities 7. The table below shows the amounts of financial assets and financial liabilities before and after offsetting. The amounts offset in the balance sheet were established in accordance with IAS 32. Accordingly, financial assets and financial liabilities are offset and the net amount is shown in the balance sheet

if and only if the Group has a legally enforceable right to offset the recognised amounts, and if it intends to settle the net amount. The assets and liabilities offset stem from the multi-currency cash

pooling implemented within the Group.

Impact of master netting agreements and similar agreements

Amounts offset in the balance sheet

Net amounts in the balance sheet

Financial instruments received as collateral

Gross financial assets

Net amounts under IFRS 7

At 30.06.2019 € million

Assets Cash and cash equivalents

1,044

(121)

923

-

-

-

Liabilities Bank debt

661

(121)

540

-

-

-

Impact of master netting agreements and similar agreements

Amounts offset in the balance sheet

Net amounts in the balance sheet

Financial instruments received as collateral

Gross financial assets

Net amounts under IFRS 7

At 30.06.2020 € million

Assets Cash and cash equivalents

2,125

(190)

1,935

-

-

-

Liabilities Bank debt

786

(190)

596

-

-

-

Financial instruments Note 4.9 Fair value of financial instruments 1.

Breakdown by accounting classification

30.06.2019

Liabilities at amortised cost

Fair value through Equity

Balance sheet

Measurement level

Fair value – profit

Loans and receivables

value Fair value

€ million

Assets Equity instruments

Levels 1 and 3

-

194

-

-

194

194

Guarantees, deposits, investment-related receivables

-

-

128

-

128

128

Trade receivables and other operating receivables

-

-

1,226

-

1,226

1,226

Other current assets

-

-

359

-

359

359

Derivative instruments – assets

Level 2

25

-

-

-

25

25

Cash and cash equivalents

Level 1

923

-

-

-

923

923

Liabilities Bonds

-

-

-

7,015

7,015

7,229

Bank debt

-

-

-

512

512

512

Finance lease debt

-

-

-

28

28

28

Derivative instruments – liabilities

Level 2

21

-

-

-

21

21

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