PERNOD RICARD - Universal Registration Document 2019-2020

6. CONSOLIDATED FINANCIAL STATEMENTS Notes to the consolidated financial statements

Hedged items (by category and nature of hedge)

Cumulative FVH adjustments included in the carrying amount of the hedged item

Balance sheet item in which the hedged item is

Carrying amount of the hedged item

Change in fair value of CFH derivatives in OCI

Type of hedging at 30.06.2019 € million FAIR VALUE HEDGE (FVH) Interest rate risk Fixed-rate bonds hedged

Assets

Liabilities

Assets

Liabilities

included CFH reserves

- -

1,069

13

2

Bonds Bonds

N/A N/A

N/A N/A

End of hedging Currency risk Firm commitment

-

4

11

-

-

-

-

-

N/A

N/A

CASH FLOW HEDGE (CFH) Interest rate risk Floating rates of bonds

N/A N/A

N/A N/A

N/A N/A

N/A N/A

N/A N/A

(3)

(2)

End of hedging

(16)

10

Currency risk Future foreign currency sales hedges

N/A N/A

N/A N/A

N/A N/A

N/A N/A

N/A N/A

(1)

2

End of hedging

-

-

Commodity risk Commodity risk hedges

N/A

N/A

N/A

N/A

N/A

0

0

NET INVESTMENT HEDGE (NIH) Net assets hedged

- -

- -

N/A N/A

N/A N/A

N/A N/A

N/A N/A

N/A N/A

End of hedging

N/A: not applicable.

Cumulative FVH adjustments included in the carrying amount of the hedged item

Balance sheet item in which the hedged item is

Carrying amount of the hedged item

Change in fair value of CFH derivatives in OCI

Type of hedging at 30.06.2020 € million FAIR VALUE HEDGE (FVH) Interest rate risk Fixed-rate bonds hedged

Assets

Liabilities

Assets

Liabilities

included CFH reserves

- -

1,087

44

-

Bonds Bonds

N/A N/A

N/A N/A

End of hedging Currency risk Firm commitment

-

5

11

-

-

-

-

-

N/A

N/A

CASH FLOW HEDGE (CFH) Interest rate risk Floating rates of bonds

N/A N/A

N/A N/A

N/A N/A

N/A N/A

N/A N/A

(3) (6)

0

End of hedging Currency risk

11

-

-

Future foreign currency sales hedges

N/A N/A

N/A N/A

N/A N/A

N/A N/A

N/A N/A

0

0

End of hedging Commodity risk

- -

- -

Commodity risk hedges

N/A

N/A

N/A

N/A

N/A

0

0

NET INVESTMENT HEDGE (NIH) Net assets hedged

447

- -

N/A N/A

N/A N/A

N/A N/A

N/A N/A

N/A N/A

End of hedging

-

N/A: not applicable.

Pernod Ricard Universal Registration Document 2019-2020 205