Registration Document - Pernod Ricard

5 Notes
130
PERNOD RICARD SA FINANCIAL STATEMENTS
to the Parent Company fi nancial statements
Notes to the Parent Company
financial statements
NOTE 1 Accounting policies 130
NOTE 2 Intangible assets 132
NOTE 3 Financial assets 132
NOTE 4 Maturity of receivables and payables 133
NOTE 5 Marketable securities 133
NOTE 6 Prepaid expenses and deferred
charges 134
NOTE 7 Composition of share capital 134
NOTE 8 Shareholders’ equity 134
NOTE 9 Provisions
NOTE 10 Transactions and balances
with subsidiaries and associates
135
and other invested entities
NOTE 11 Deferred income and adjustment
136
accounts 137
PERNOD RICARD
NOTE 12 Accrued income and expenses 137
NOTE 13 Bonds 138
NOTE 14 Bank debt 138
NOTE 15 Breakdown of income tax
NOTE 16 Increases and decreases
138
in future tax liabilities 139
NOTE 17 Remuneration 139
NOTE 18 Income 139
NOTE 19 Financial income and expenses 139
NOTE 20 Exceptional items 140
NOTE 21 Off-balance sheet commitments 140
NOTE 22 Average headcount at 30 June 2009
NOTE 23 Subsidiaries and associates
141
at 30 June 2009 142
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 12, place des États-Unis, 75016 Paris and is listed
on the Paris Stock Market.
The balance sheet total for the financial year ended 30 June 2009 was €14,602,145,569.38. The income statement records a profit for the year of
€306,554,754.21. The financial year covered the 12-month period from 1 July 2008 to 30 June 2009.
NOTE 1 Accounting policies
The 2009 financial statements were prepared in accordance with
French generally accepted accounting principles. General accounting
principles were applied, in accordance with the prudence principle,
using certain assumptions whose objective is to provide a true and
fair view of the company. These assumptions are:
◆ going concern;
◆
◆
consistency of accounting policies from one financial year to the
next;
accruals basis of accounting.
Balance sheet assets and liabilities are measured, depending on the
specific items, at their historical cost, contribution cost or market
value.
Changes in accounting policies
The rules governing the treatment of stock option plans and the
granting of free shares to employees were changed by CRC rule
2008-15 of 4 December 2008.
Under the new rules, the C ompany recognised shares to be used
for stock option and free share plans in a separate sub-item in the
marketable securities item. A liability is recorded when the obligation
to deliver the shares to employees is incurred. The cost of the C ompany’s
stock option and free share plans for employees represents a form of
remuneration and is therefore allocated to personnel expenses over
I REFERENCE DOCUMENT 2008/2009 I