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Investments in associates and joint ventures (Tables)
12 Months Ended
Jun. 30, 2020
Interests In Other Entities [Abstract]  
Schedule of movement in the group's investments in associates and joint ventures
(a) An analysis of the movement in the group’s investments in associates and joint ventures is as follows:
 
 
Moët
Hennessy
£ million

 
Others
£ million

 
Total
£ million

Cost less provisions
 
 
 
 
 
 
At 30 June 2018
 
2,875

 
134

 
3,009

Exchange differences
 
16

 
3

 
19

Additions
 

 
32

 
32

Share of profit after tax
 
310

 
2

 
312

Disposals
 

 
(3
)
 
(3
)
Dividends
 
(160
)
 
(8
)
 
(168
)
Share of movements in other comprehensive income and equity
 
(1
)
 

 
(1
)
Step acquisitions
 

 
(7
)
 
(7
)
Other(i)
 

 
(20
)
 
(20
)
At 30 June 2019
 
3,040

 
133

 
3,173

Exchange differences
 
78

 
4

 
82

Additions
 

 
47

 
47

Share of profit after tax
 
285

 
(3
)
 
282

Disposals
 

 
(1
)
 
(1
)
Dividends
 

 
(4
)
 
(4
)
Share of movements in other comprehensive income and equity
 
(8
)
 

 
(8
)
Step acquisitions
 

 
(11
)
 
(11
)
Transfer
 

 
(2
)
 
(2
)
Other
 

 
(1
)
 
(1
)
At 30 June 2020
 
3,395

 
162

 
3,557

(i)
Other movements in the year ended 30 June 2019 comprise £20 million of advances promised to associates at 30 June 2019, on achieving certain performance targets which are now only recognised when those targets are achieved. There was a corresponding decrease of £20 million in other payables. 
(1)
Investment in associates balance includes loans given to and preference shares invested in associates of £82 million (2019£55 million).
(2)
If certain performance targets are met by associates in the Distill Ventures programmes, an additional £22 million (2019- £31 million) will be invested in those associates.
Schedule of income statement of associates
(b) Income statement information for the three years ended 30 June 2020 and balance sheet information as at 30 June 2020 and 30 June 2019 of Moët Hennessy is as follows:
 
 
2020
£ million

 
2019
£ million

 
2018
£ million

Sales
 
4,425

 
4,713

 
4,445

Profit for the year
 
838

 
911

 
897

Total comprehensive income
 
765

 
865

 
799

Schedule of balance sheet of associates
 
 
2020
£ million

 
2019
£ million

Non-current assets
 
5,310

 
4,413

Current assets
 
8,352

 
7,564

Total assets
 
13,662

 
11,977

Non-current liabilities
 
(1,480
)
 
(1,008
)
Current liabilities
 
(2,197
)
 
(2,029
)
Total liabilities
 
(3,677
)
 
(3,037
)
Net assets
 
9,985

 
8,940

 
(1)
Including acquisition fair value adjustments principally in respect of Moët Hennessy’s brands and translated at £1 = €1.09 (2019£1 = €1.12).