The New Zealand holding company, Millstream Equities, narrowed its loss to $NZ9.6 million ($A8.98 million) in the 12 months ended June 30, from $NZ182.3m, making it the smallest deficit in four years.

The Pernod Ricard unit wrote off about $NZ270m of goodwill and wore a $NZ99m loss on the sale of local brands in the past three years, and has racked up retained losses of $NZ879m.

The global parent, the world's second-largest liquor distiller, injected $NZ715.4m of new capital last year, almost doubling the shares on issue, and the holding company had equity of $NZ682.2m as at June 30.

The statements lodged with the Companies Office noted a deficiency in working capital of $NZ22.9m, and the directors continued to assume the company is a going concern after the immediate parent confirmed an intention to extend a current loan for a further 12 months from June 15, 2013.

The parent was owed almost $NZ22.8m at the June 30 balance date.

Pernod's local gross profit jumped 51 per cent to $NZ59.3m due to the liquor group reaping a $NZ16.7m gain in the fair value of its agricultural produce, helping offset a 3.5 per cent slide in sales to $NZ227.7m.

The company's takeover of Allied Domecq in 2005 gave it New Zealand assets including the Montana wine business.

It rationalised them with the sale of a Gisborne winery, five vineyards and 12 wine brands, including sparkling wine Lindauer, to Lion and partner Indevin Group for $NZ88.3m in 2010.

That deal ended up in court after Lion claimed Pernod had breached warranties by not disclosing certain margin agreements with the Woolworths-owned Countdown supermarkets.

Last month, the Court of Appeal upheld a ruling against Lion's claim for damages of between $NZ6.25m and $NZ8.96m.

The judgment hadn't been released at the date of the Pernod statements being lodged.

© 2014 AAP