APPLICATION OF IFRS 15 NORM

Press Release 26/09/2018

REVENUE FROM CONTRACTS WITH CUSTOMERS

Download the press release

The Group is applying the full retrospective approach as of 1 July 2018 in transitioning to the new standard.

As noted in the Half-year financial report at 31 December 2017, there is no expected impact on Profit from Recurring Operations (PRO) or on revenue recognition standards, based on preliminary analysis.

Two mains topics have been identified with the following impacts:

'    services paid to direct or indirect customers on visibility or promotional arrangements: reclassification from Advertising and Promotion expenses to a decrease in Net Sales;

'    third party manufacturing in India: increase in Net Sales and Cost of Goods following the analysis of agent vs principal considerations.

The non-audited retrospective application on comparative year FY18 can be found below and will also be available on our website: www.pernod-ricard.com 

 

Sales Analysis by Region, pre- and post- IFRS 15 restatement

 

Profit from Recurring Operations by Region, pre- and post-IFRS 15 restatement

 

Tags

On the same topic

  • Third Quarter FY25 Sales and Results

    RESILIENT PERFORMANCE YTD IN A VOLATILE CONTEXT, CONFIRMING FY25 OUTLOOK
    Q3 FY25 ORGANIC NET SALES DECLINE -3% (-3% REPORTED)
    YTD ORGANIC NET SALES DECLINE -4% (-5% REPORTED)
     

    Read more
  • Approval of the Half-Year Financial Results and filing of the Half-Year Financial report for FY2024/25

    The Board of Director held on 12 February 2025 approved the financial statements as of 31 December 2024. Those statements are in line with the preliminary financial information disclosed on 6 February 2025.

    Read more
  • Half Year FY25 Sales and Results

    DETERMINED TO NAVIGATE CURRENT CYCLICAL HEADWINDS WITH RESILIENCE AND AGILITY
    H1 FY25 ORGANIC SALES DECLINE -4% (-6% REPORTED)
    H1 FY25 ORGANIC PRO¹  DECLINE -2% (-7% REPORTED)

    Read more