Registration Document - Pernod Ricard

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