Registration Document - Pernod Ricard

5 Notes
138
PERNOD RICARD SA FINANCIAL STATEMENTS
to the Parent Company fi nancial statements
NOTE 13 Bonds
In euro thousand Amount Maturity Accrued interest
Type of interest
payable Total
Bond 06.12.2006 – Tranche 1 300,000 06.06.2011 337 Floating rate 300,337
Bond 06.12.2006 – Tranche 2 550,000 06.12.2013 14,326 Fixed rate 564,326
Bond 15.06.2009 800,000 15.01.2015 2,455 Fixed rate 802,455
TOTAL 1,650,000 17,118 1,667,118
On 6 December 2006, Pernod Ricard SA issued bonds totalling
€850 million in two tranches with the following characteristics:
◆ Tranche 1: floating rate
Tranche 1 is composed of €300 million of floating rate notes with
a remaining period to maturity of 2 years (maturity 6 June 2011)
which bear interest at EURIBOR 3 months plus 50 basis points.
NOTE 14 Bank debt
Vin&Sprit syndicated loan
On 23 July 2008, Pernod Ricard used part of the facilities granted
under the multi-currency syndicated loan agreement signed on
27 March 2008, for €4,988 million (including €2,020 million in
multicurrencies) and $10,138 million. At 30 June 2009, it had drawn
down from this credit facility €1,747 million, $8,879 million and ¥8
billion, a total equivalent to €8,088 million. The credit facilities,
whether revolving or fixed maturity, denominated in euros, American
dollars or multicurrency, incur interest at the applicable LIBOR (or,
for euro denominated borrowing, EURIBOR), plus a pre-determined
spread and mandatory costs. The facilities have been negotiated with
NOTE 15 Breakdown of income tax
PERNOD RICARD
◆
Tranche 2: fixed rate
Tranche 2 is composed of €550 million of notes with a remaining
period to maturity of 4 and a half years (maturity 6 December 2013)
which bear interest at a fixed rate of 4.625%.
On 15 June 2009, Pernod Ricard SA issued €800 million of bonds with
the following characteristics: remaining period to maturity of 5 and a
half years (maturity 15 January 2015) and bearing fixed-rate interest
of 7%.
maturities ranging from 1 to 5 years. These borrowings enabled the
Group to repay the amounts due under the syndicated loan facility
agreed in August 2005, to finance the Allied Domecq acquisition and
to refinance certain debt owed by the Group.
The debt recognised in the financial statements of Pernod Ricard SA
relating to the syndicated loan amounts to €4,088,689,000 (including
accrued interest of €346 ,000 ). In addition, a loan of €897,774 ,000
(including €2,424 ,000 of accrued interest), contracted in May 2008,
is due to Pernod Ricard Finance.
In euro thousand Total
Operating result
before tax Exceptional items
Net profit/loss before income tax 185,047 213,130 (28,083)
Income tax prior to consolidation - - -
Net impact of tax consolidation 121,508 - -
NET PROFIT/LOSS 306,555 213,130 (28,083)
Within the framework of the tax consolidation, the tax loss carryforwards of the Pernod Ricard tax group amount to €827 million, an increase of
€335.7 million over the financial year.
I REFERENCE DOCUMENT 2008/2009 I