Registration Document - Pernod Ricard

4 Notes
88
ANNUAL CONSOLIDATED FINANCIAL STATEMENTS
to the annual consolidated fi nancial statements
The impact of the main acquisition on the main asset items on the consolidated balance sheet for 30 June 2009 is as follows:
In euro million 30.06.2008 Constant scope Scope effect Total
Goodwill 3,203 3,304 1,585 4,888
Brands and other intangible assets 7,138 7,207 4,103 11,310
Inventories 3,717 3,563 162 3,725
Other assets 4,373 3,681 1,270 4,951
BALANCE SHEET TOTAL 18,431 17,754 7,120 24,875
PERNOD RICARD
30.06.2009
The table below shows what sales and Group net profit for the year ended 30 June 2009 would have been had V&S been acquired
on 1 July 2008:
In euro million 30.06.2009
Net sales 7,273
Group net profit 960
NOTE 4 Assets held for sale
As part of the V&S acquisition, in accordance with commitments
made to the European Commission, some assets were bought for
with a view to resale (Lubuski Gin, Star Gin, Red Port, Dry Anis and
Grönstedts Cognac ). These brands were disposed of during the year
ended 30 June 2009. Profit from these businesses is shown separately
on the income statement, under activities acquired for resale.
NOTE 5 Segment reporting
The Group is structured into four primary segments constituted by
the following geographic regions: France, Europe, the Americas and
Asia/Rest of the World. Following its various restructuring initiatives,
the Group is now focused on the single business line of W ines and
S pirits sales. Items in the income statement and the balance sheet
are allocated on the basis of either the destination of sales or profits.
Reporting by geographical segment follows the same accounting
policies as those used for the preparation of the consolidated financial
statements. Intra-segment transfers are transacted at market prices.
On 27 July 2009, the Group sold coffee liqueur brand Tia Maria to Illva
Saronno for €125 million.
This brand is shown separately on the balance sheet as assets/
liabilities held for sale.
The segments presented are identical to those which are included in
the reporting provided to the Board of Directors.
The Group Management Team assesses the performance of each
segment on the basis of sales and its contribution after advertising &
promotion expenses, defined as the gross margin after logistics,
advertising, promotional and structure costs.
I REFERENCE DOCUMENT 2008/2009 I