Registration Document - Pernod Ricard

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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
30.06.2008 In euro million Income statement items France Europe Americas ANNUAL CONSOLIDATED FINANCIAL STATEMENTS 4 Notes to the annual consolidated fi nancial statements Asia/Rest of the World Elimination of intragroup accounts Unallocated Total Segment net sales 834 2,679 2,075 2,528 - - 8,116 Inter-segment sales 123 507 375 521 - - 1,527 Net sales 711 2,171 1,700 2,007 - - 6,589 Gross margin after logistics costs 496 1,269 961 1,040 - - 3,766 Contribution after advertising & promotional expenses 325 929 678 657 - - 2,588 Profit from recurring operations Other information 149 530 421 422 - - 1,522 Capital expenditure 44 98 48 36 - - 227 Depreciation and amortisation Balance sheet items 12 65 51 40 - - 169 Segment assets 2,997 12,981 8,348 7,898 (13,925) - 18,299 Unallocated assets* - - - - - 132 132 TOTAL ASSETS - - - - - - 18,431 Segment liabilities 2,457 9,314 7,470 6,517 (13,925) - 11,833 NET ASSETS 540 3,666 878 1,381 - 132 6,597 * The unallocated assets item includes mainly non-current financial assets. 30.06.2009 In euro million Income statement items France Europe Americas Asia/Rest of the World Elimination of intragroup accounts Unallocated Total Segment net sales 923 3,495 2,721 2,675 - - 9,814 Inter-segment sales 188 1,078 694 652 - - 2,611 Net sales 735 2,417 2,027 2,023 - - 7,203 Gross margin after logistics costs 518 1,302 1,253 1,136 - - 4,208 Contribution after advertising & promotional expenses 348 963 907 753 - - 2,971 Profit from recurring operations Other information 178 537 636 495 - - 1,846 Capital expenditure 39 116 55 31 - - 241 Depreciation and amortisation Balance sheet items 32 232 46 37 - - 347 Segment assets 3,758 10,058 21,293 10,111 - - - Unallocated assets* - - - - (20,634) 287 - TOTAL ASSETS - - - - - - 24,875 Segment liabilities 3,655 10,549 14,884 8,744 (20,634) 60 17,259 NET ASSETS 103 (491) 6,410 1,366 0 227 7,615 * The unallocated assets item includes mainly non-current financial assets and assets and liabilities held for sale. I REFERENCE DOCUMENT 2008/2009 I PERNOD RICARD 89
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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
Page 39 and 40: Risk factors 60 Risks in connection
Page 41 and 42: Analysis of business activity and r
Page 43 and 44: TOTAL MANAGEMENT REPORT 3 Analysis
Page 45 and 46: Cash and capital Reconciliation of
Page 47 and 48: Human resources Number of employees
Page 49 and 50: Directors’ compensation Compensat
Page 51 and 52: Mr. Patrick Ricard, Chairman of the
Page 53 and 54: In June 2007, the Committee decided
Page 55 and 56: Accordingly, Pernod Ricard’s E xe
Page 57 and 58: HISTORY OF ALLOCATIONS OF STOCK OPT
Page 59 and 60: Employee profit-sharing plans All e
Page 61 and 62: MANAGEMENT REPORT 3 Human resources
Page 63 and 64: Moreover, the Group may find itself
Page 65 and 66: Cubaexport’s application for rene
Page 67 and 68: Risks for consumers The Group has n
Page 69 and 70: Coverage Type of insurance Cover an
Page 71 and 72: Factoring agreement On 15 December
Page 73 and 74: Stolichnaya On 15 November 2000, Al
Page 75 and 76: 4 ANNUAL CONSOLIDATED FINANCIAL STA
Page 77 and 78: ANNUAL CONSOLIDATED FINANCIAL STATE
Page 79 and 80: Shareholders’ equity ANNUAL CONSO
Page 81 and 82: Annual c onsolidated cash flow stat
Page 83 and 84: ◆ f amendment to IAS 39 (Eligible
Page 85 and 86: Brands recognised in the context of
Page 87 and 88: 16.2 Investment-related l oans and
Page 89: 23. Earnings per share Basic and di
Page 93 and 94: NOTE 8 Corporate income tax Analysi
Page 95 and 96: NOTE 10 Expenses by nature ANNUAL C
Page 97 and 98: Within the V&S acquisition, some ne
Page 101 and 102: At 30 June 2009, there was no reaso
Page 103 and 104: Changes in provisions for pensions
Page 109 and 110: The fair value of the debt is deter
Page 111 and 112: Classification of hedges and use of
Page 113 and 114: NOTE 23 Share-based payments Stock
Page 117 and 118: 3. In August 2006, the same competi
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
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PERNOD RICARD SA FINANCIAL STATEMEN
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EUR interest rate hedge Maturity PE
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In euro thousand Share capital Shar
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Dividends distributed during the la
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PERNOD RICARD SA FINANCIAL STATEMEN
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Directors concerned: ◆ Mr. Patric
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Directors concerned: ◆ Mr. Patric
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I REFERENCE DOCUMENT 2008/2009 I PE
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Statutory Auditors’ Report on the
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COMBINED (ORDINARY AND EXTRAORDINAR
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Thirteenth resolution COMBINED (ORD
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Nineteenth resolution COMBINED (ORD
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f f f f f f f COMBINED (ORDINARY AN
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7 ABOUT THE COMPANY AND ITS SHARE C
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Entitlement to dividends - Entitlem
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Powers of the Board of Directors Un
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ABOUT THE COMPANY AND ITS SHARE CAP
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GENERAL AUTHORISATIONS Type of secu
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ABOUT THE COMPANY AND ITS SHARE CAP
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Breakdown of share capital and voti
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Stock options exercised by Director
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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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