PERNOD RICARD - Universal Registration Document 2019-2020

6. CONSOLIDATED FINANCIAL STATEMENTS Notes to the consolidated financial statements

> 1 year and < 5 years

Total

< 1 year

> 5 years

€ million

Commitments received at 30.06.2019

2,593

53

2,509

31

Commitments received in relation to companies within the Group Commitments received in relation to the financing of the Company

3

1

2

- 1 -

2,544 2,500

43

2,500 2,500

Lines of credit received and not used

0

Financial guarantees received

44

43

0

1

Other items

0

0 9

-

-

Commitments relating to the operating activities of the issuer

46

6

30

Contractual commitments related to business activity and business development

43

8

6

29

Other items

2

0

1

1

> 1 year and < 5 years

Total

< 1 year

> 5 years

€ million

Commitments given at 30.06.2020

2,191

818

1,207

166

Commitments given in relation to companies within the Group Commitments given in relation to the financing of the Company

5

3 8 8

2

-

25 25

11 11

6 6

Financial guarantees given

Other items

-

-

-

-

Commitments relating to the operating activities of the issuer Firm and irrevocable commitments to purchase raw materials

2,161 1,805

808 546

1,193 1,172

160

87

Tax commitments (customs guarantees and others)

309

228

9 3 8

71

Leases

8

3

1 1

Other items

39

30

> 1 year and < 5 years

Total

< 1 year

> 5 years

€ million

Commitments received at 30.06.2020

3,443

38

3,370

35

Commitments received in relation to companies within the Group Commitments received in relation to the financing of the Company

1

0

0

0

3,399 3,360

36

3,362 3,360

1 -

Lines of credit received and not used

0

Financial guarantees received

39

36

2

1

Other items

0

0 2

-

-

Commitments relating to the operating activities of the issuer

43

7

34

Contractual commitments related to business activity and business development

41

2

6

33

Other items

2

0

1

1

The decrease in off-balance sheet commitments is mainly due to the implementation of IFRS 16, off-balance sheet commitments on operating leases being replaced by a lease liability in the balance sheet (see Note 1.1.2.1). Non-cancellable commitments relating to short-term or low-value leases exempt from the application of IFRS 16 continue to be presented in off-balance sheet commitments. Lines of credit received and not used 1. Firm and irrevocable commitments to purchase raw 2. materials

The lines of credit received and not used correspond primarily to the nominal amounts of the syndicated loan and a bilateral credit line not drawn at 30 June 2020 (see Note 4.8 – Financial liabilities ).

In the context of their cognac, wine, champagne and whiskies production, the Group’s main affiliates have committed €1,762 million under eaux-de-vie , grape, base wine and grain supply agreements.

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