Registration Document - Pernod Ricard

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5 Inventory 146 PERNOD RICARD SA FINANCIAL STATEMENTS of marketable securities at 30 June 2009 Inventory of marketable securities at 30 June 2009 French investments with a net carrying amount in excess of €100,000 I n euro Number of shares held Net carrying amount Établissements Vinicoles Champenois 234,990 100,955,022 Compagnie Financière des Produits Orangina 11,910 11,151,639 G.H. Mumm 7,780 1,556,000 Lina 3 55,920,652 3,290,974,547 Lina 5 306,400 30,630,500 Lina 6 400 305,027,008 Lina 7 400 390,000 Pernod 2,580,000 94,940,630 Pernod Ricard Asia 2,785,000 42,457,051 Pernod Ricard Cesam 386,650 131,040,000 Pernod Ricard Europe 999,994 36,406,054 Pernod Ricard Finance 10,317,439 89,220,499 Pernod Ricard North America 4,377,500 66,434,557 Ricard 1,750,000 67,227,023 Sopebsa 100,000 962,769 SUB-TOTAL - 4,269,373,299 Other shareholdings in French companies 226,858 3,086,445 Investments in unlisted foreign companies - 6,963,469,061 TOTAL MARKETABLE SECURITIES AT 30.06.2009 - 11,235,928,805 PERNOD RICARD I REFERENCE DOCUMENT 2008/2009 I
PERNOD RICARD SA FINANCIAL STATEMENTS 5 Statutory Auditors’ R eport on the annual fi nancial statements Statutory Auditors’ R eport on the annual financial statements For the financial year ended 30 June 2009 To the shareholders, In our capacity as Statutory Auditors, we hereby present our report for the financial year ending 30 June 2009, on: ◆ the audit of Pernod Ricard’s annual financial statements, as presented in this report; ◆ the special verifications and disclosures required by law; ◆ the justification of our assessments; The annual financial statements were prepared by the Board of Directors. Our responsibility is to express an opinion on these financial statements based on our audit. I - Opinion on the annual financial statements We conducted our audit in accordance with current professional standards applicable in France; those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes verifying, on a test basis or by other selective methods, the evidence supporting the amounts and disclosures contained in the financial statements. An audit also includes assessing the accounting policies used and significant estimates made by the management as well as the overall presentation of the financial statements. We consider that the audit information we have obtained provides a sufficient and appropriate basis for our opinion. In our opinion, the annual financial statements give a true and fair view of the Company’s financial position and its assets and liabilities at the end of the financial year and of the results of its operations in accordance with the accounting rules and principles applicable in France. Without qualifying our opinion we draw shareholders’ attention to Note 1 to the annual financial statements “Accounting policies”, which explains changes made to the accounting treatment of employee stock option and free share plans resulting from the application of Rule 2008-15 of the French Accounting Regulation Committee (CRC), published on 30 December 2008. II - Justification of assessments Neuilly-sur-Seine and Courbevoie, 3 September 2009 The Statutory Auditors In accordance with the requirements of article L. 823-9 of the French Commercial Code relating to the justification of our assessments, we bring to your attention the following matters: ◆ Investments were evaluated in accordance with the accounting policies described in Note 1.3 “Accounting policies – Investments”. As part of our audit, we reviewed whether these accounting policies and the information provided in Note 3 to the financial statements were appropriate and whether the assumptions used and the resulting valuations were reasonable; ◆ As mentioned in the first section of this report, Note 1 “Accounting policies” to the annual financial statements explains changes made to the accounting method applied to employee stock option and free share plans. As part of our assessment of the accounting policies applied by the Company, we verified that these changes were appropriate and appropriately presented. These assessments were made in the context of the performance of our audit of the annual financial statements taken as a whole and therefore contributed to the formation of our audit opinion expressed in the first part of this report. III - Special verifications and disclosures We have also performed the special verifications required by law. We have no matters to report regarding: ◆ the fair presentation and consistency with the annual financial statements of the information about the financial situation and the annual financial statements contained in the Board of Directors’ Management Report and in documents sent to shareholders; ◆ the fairness of the information set out in the Management Report on the remuneration and benefits paid to the members of the B oard concerned and on the undertakings given to them upon or after taking on, changing or terminating their functions. In accordance with French law, we have verified that the required information concerning investments and acquisitions of control and concerning the names of the principal shareholders and holders of the voting rights has been properly disclosed in the Management Report. Deloitte & Associés Mazars Alain Penanguer Loïc Wallaert I REFERENCE DOCUMENT 2008/2009 I PERNOD RICARD 147
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Reference Document 2008/2009
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Reference Document 2008/2009 This r
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1 PRESENTATION OF THE PERNOD RICARD
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2003 saw the Group re-enter the CAC
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The Company’s General Management
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Four sites were sold in 2008/2009:
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Environmental management The Group
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Ricard cemented this commitment by
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2 CORPORATE GOVERNANCE AND INTERNAL
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CORPORATE GOVERNANCE AND INTERNAL C
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Member’s first name and surname o
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Mr. Pierre Pringuet 59 years old, F
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Philip Morris Companies Inc. until
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◆ ◆ ◆ CORPORATE GOVERNANCE AN
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◆ ◆ ◆ CORPORATE GOVERNANCE AN
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◆ ◆ ◆ ◆ ◆ CORPORATE GOVER
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Statutory Auditors’ Report Report
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Risk factors 60 Risks in connection
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Analysis of business activity and r
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TOTAL MANAGEMENT REPORT 3 Analysis
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Cash and capital Reconciliation of
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Human resources Number of employees
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Directors’ compensation Compensat
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Mr. Patrick Ricard, Chairman of the
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In June 2007, the Committee decided
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Accordingly, Pernod Ricard’s E xe
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HISTORY OF ALLOCATIONS OF STOCK OPT
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Employee profit-sharing plans All e
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MANAGEMENT REPORT 3 Human resources
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Moreover, the Group may find itself
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Cubaexport’s application for rene
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Risks for consumers The Group has n
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Coverage Type of insurance Cover an
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Factoring agreement On 15 December
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Stolichnaya On 15 November 2000, Al
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4 ANNUAL CONSOLIDATED FINANCIAL STA
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ANNUAL CONSOLIDATED FINANCIAL STATE
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Shareholders’ equity ANNUAL CONSO
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Annual c onsolidated cash flow stat
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◆ f amendment to IAS 39 (Eligible
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Brands recognised in the context of
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16.2 Investment-related l oans and
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23. Earnings per share Basic and di
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30.06.2008 In euro million Income s
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NOTE 8 Corporate income tax Analysi
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NOTE 10 Expenses by nature ANNUAL C
Page 97 and 98: Within the V&S acquisition, some ne
Page 99 and 100: ANNUAL CONSOLIDATED FINANCIAL STATE
Page 101 and 102: At 30 June 2009, there was no reaso
Page 103 and 104: Changes in provisions for pensions
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Page 113 and 114: NOTE 23 Share-based payments Stock
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Page 119 and 120: Incorporated bodies Countries ANNUA
Page 121 and 122: Incorporated bodies Countries ANNUA
Page 123 and 124: I REFERENCE DOCUMENT 2008/2009 I PE
Page 125 and 126: Statutory Auditors’ R eport on th
Page 127 and 128: Balance sheet For the financial yea
Page 129 and 130: Cash flow statement For the financi
Page 131 and 132: Finally, income tax generated a gai
Page 133 and 134: the vesting period of the beneficia
Page 135 and 136: NOTE 4 Maturity of receivables and
Page 137 and 138: NOTE 9 Provisions PERNOD RICARD SA
Page 139 and 140: NOTE 11 Deferred income and adjustm
Page 141 and 142: PERNOD RICARD SA FINANCIAL STATEMEN
Page 143 and 144: EUR interest rate hedge Maturity PE
Page 145 and 146: In euro thousand Share capital Shar
Page 147: Dividends distributed during the la
Page 151 and 152: Directors concerned: ◆ Mr. Patric
Page 153 and 154: Directors concerned: ◆ Mr. Patric
Page 155 and 156: I REFERENCE DOCUMENT 2008/2009 I PE
Page 157 and 158: Statutory Auditors’ Report on the
Page 159 and 160: COMBINED (ORDINARY AND EXTRAORDINAR
Page 165 and 166: Thirteenth resolution COMBINED (ORD
Page 169 and 170: Nineteenth resolution COMBINED (ORD
Page 173 and 174: f f f f f f f COMBINED (ORDINARY AN
Page 181 and 182: 7 ABOUT THE COMPANY AND ITS SHARE C
Page 183 and 184: Entitlement to dividends - Entitlem
Page 185 and 186: Powers of the Board of Directors Un
Page 187 and 188: ABOUT THE COMPANY AND ITS SHARE CAP
Page 189 and 190: GENERAL AUTHORISATIONS Type of secu
Page 191 and 192: ABOUT THE COMPANY AND ITS SHARE CAP
Page 193 and 194: Breakdown of share capital and voti
Page 195 and 196: Stock options exercised by Director
Page 197 and 198: Treasury share repurchase programme
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List of information published durin
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List of information published durin
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8 ADDITIONAL INFORMATION ON THE REF
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Reconciliation table Reference Docu
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ADDITIONAL INFORMATION ON THE REFER
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Annual financial report ADDITIONAL
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Registration Document - Pernod Ricard

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