Registration Document - Pernod Ricard
Registration Document - Pernod Ricard
Registration Document - Pernod Ricard
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5 Notes<br />
140<br />
PERNOD RICARD SA FINANCIAL STATEMENTS<br />
to the Parent Company fi nancial statements<br />
NOTE 20 Exceptional items<br />
In euro thousand Amount<br />
Net profit on management operations -<br />
Net profit on capital operations (168,439)<br />
Reversals of financial provisions and expense transfer 140,356<br />
EXCEPTIONAL ITEMS (28,083)<br />
Exceptional items mainly relate to acquisition fees on the V&S acquisition .<br />
NOTE 21 Off-balance sheet commitments<br />
Guarantees granted<br />
Commitments granted<br />
In euro thousand Amount<br />
Guarantees on behalf of subsidiaries 4,249,333<br />
Guarantees granted to holders of Allied Domecq Financial Services Ltd bonds 821,500<br />
TOTAL 5,070,833<br />
Commitments granted include guarantees, in particular those related to:<br />
◆ syndicated loan. Borrowings drawn by subsidiaries of the <strong>Pernod</strong> <strong>Ricard</strong> Group that had not been repaid at 30 June 2009 amounted to<br />
€3,999 million;<br />
◆ bonds and commercial paper.<br />
Derivative instruments<br />
Fair value<br />
Fair value<br />
Nominal at 30 June 2009<br />
Nominal at 30 June 2009<br />
Hedges by <strong>Pernod</strong> <strong>Ricard</strong> SA<br />
in USD thousand in euro thousand in euro thousand in euro thousand<br />
Caps/Collars 900,000 (2,616) 750,000 (48,614)<br />
Interest rate swaps 2,660,000 (87,740) 500,000 (43,827)<br />
Currency swaps 1,450,132 (16,586)<br />
TOTAL 5,010,132 (106,942) 1,250,000 (92,441)<br />
Interest rate swaps hedge <strong>Pernod</strong> <strong>Ricard</strong> SA’s external or internal debts that bear floating rate interest. At 30 June 2009 these broke down as<br />
follows:<br />
USD interest rate hedge Maturity<br />
PERNOD RICARD<br />
Net base<br />
in USD thousand Rate<br />
Cap December 2009 500,000 5.50%<br />
Collar May 2010 200,000 4.59%/2.50%<br />
Collar May 2010 200,000 4.17%/2.50%<br />
Interest rate swap May 2011 1,150,000 3.57%<br />
Interest rate swap May 2013 1,510,000 3.74%<br />
The fair value of financial instruments hedging USD denominated floating rate debt at 30 June 2009 was €(90,356 ,000 ).<br />
I REFERENCE DOCUMENT 2008/2009 I
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