Question

Your overall detailed analysis and conclusion as to the performance of each selected company with a further detailed comparative analysis between the companies selected

PERNOD RICARD
CONSOLIDATED BALANCE SHEETS
(Dollars in millions)
	2017	2018
Assets
Non-current assets	11,755	11.539
Intangible assets	5,397	5,319
Goodwill	2,336	2,424
Property, plant and equipment	650	886
Non-current financial assets	15	11
Investments in associats	26	2
Non-current derivative instruments	2,377	1,556
Deferred tax assets	22,557	21,737
Total Non-Current Assets
Current assets
Inventories and work in progress	5,305	5,472
Trade and other operating receivables	1,134	1,122
Income and other operating receiveables	111	177
Income taxes receiveable	270	280
Other current assets	24	17
Current derivative instruments	677	754
Cash and Cash equivalents	7,521	7,821
Total Current Assets	10	0
Assets held for sale	30,088	29,558
Total Assets
Shareholders' equity
Capital	411	411
Share premium	3,052	3,052
Retained earnings and currency translation differences	8,849	9,757
Group net profit	1,393	1,577
Group shareholders's equity	13,705	14,797
Non-controlling interests	180	181
Total Shareholders' Equity	13,886	14,798
Liabilities
Non-current liabilities
Non-current provisions	453	448
Provisions for pensions and other long-term employee benefits	649	526
Deferred tax liabilities	3421	2593
Bonds - non-current	6,900	6,777
Other non-current financial liabilities	480	463
Non-current derivative instruments	42	31
Total Non-Current Liabilities	11,946	10,838
Current liabilities
Current provisions	159	143
Trade payables	1,826	1,951
Income tax payable	156	225
Other current liabilities	935	960
Bonds - current	94	93
Other current financial liabiltiies	1,071	360
Current derivative instruments	15	11
Total Current Liabilities	4,256	3,743
Total Liabilities and Shareholders' Equity	30,088	29,558

Answer 1

ANSWER: