10.3 SUBSIDIARIES AND MINORITY INTERESTS

Following are the financial information of the subsidiaries that have significant minority interests.

SUMMARY OF SUBSIDIARY S FINANCIAL INFORMATION

(Euro/000) 31 December 2021 Assets Liabilities Net equity Revenues Profit/(Loss) Profit/ (Loss) attributable to minority White Tech Sp.zo.o. 425 64 361 225 66 20

(Euro/000) 31 December 2020 Assets Liabilities Net equity Revenues Profit/(Loss) Profit/ (Loss) attributable to minority White Tech Sp.zo.o. 354 56 298 188 51 15

CASH FLOW 2021 (*)

(Euro/000) White Tech Sp.zo.o. Operating Cash Flow 84 Free Cash Flow 69 Net Cash Flow 66

CASH FLOW 2020 (*)

(Euro/000) White Tech Sp.zo.o. Operating Cash Flow 97 Free Cash Flow 106 Net Cash Flow 88

10.4 SIGNIFICANT NON-RECURRING EVENTS AND TRANSACTIONS

We point out that, on June 14, 2021, Moncler S.p.A. Board of Di- rectors, putting into effect the resolutions adopted by the Share- holders Meeting of June 11, 2020, resolved, with reference to the stock grant plan denominated 2020 Performance Shares Plan , the granting of 463,425 shares to 59 beneficiaries. The description of the stock-based compensation plans and the related costs are included in note 10.2.

10.5 ATYPICAL AND/OR UNUSUAL TRANSACTIONS

It should be noted that during 2021 the Group did not enter into any atypical and/or unusual transactions.

10.6 FINANCIAL INSTRUMENTS

The following table shows the carrying amount and fair values of financial assets and financial liabilities, including their levels in the fair value hierarchy for financial instruments measured at fair value. It does not include fair value information for financial as- sets and financial liabilities not measured at fair value if the carry- ing amount is a reasonable approximation of fair value.

(Euro/000) 31 December 2021 Current Non-current Fair value Level Financial assets measured at fair value Interest rate swap used for hedging - - - Forward exchange contracts used for hedging 722 - 722 2 Sub-total 722 - 722 Financial assets not measured at fair value Trade and other receivables (*) 234,919 35,989 Cash and cash equivalents (*) 932,718 - Sub-total 1,167,637 35,989 - Total 1,168,359 35,989 722

(Euro/000) 31 December 2020 Current Non-current Fair value Level Financial assets measured at fair value Interest rate swap used for hedging - - - Forward exchange contracts used for hedging 4,793 - 4,793 2 Sub-total 4,793 - 4,793 Financial assets not measured at fair value Trade and other receivables (*) 174,144 33,036 Cash and cash equivalents (*) 923,498 - Sub-total 1,097,642 33,036 - Total 1,102,435 33,036 4,793

(Euro/000) 31 December 2021 Current Non-current Fair value Level Financial liabilities measured at fair value Interest rate swap used for hedging - - - 2 Forward exchange contracts used for hedging (18,959) - (18,959) 2 Other financial liabilities (2,831) (30,340) (33,171) 3 Sub-total (21,790) (30,340) (52,130) Financial liabilities not measured at fair value Trade and other payables (*) (385,908) - Bank overdrafts (*) (3) - Short-term bank loans (*) (130,000) - Bank loans (*) (11,801) (9,713) IFRS 16 financial loans (*) (125,597) (584,679) Sub-total (653,309) (594,392) - Total (675,099) (624,732) (52,130)

(Euro/000) 31 December 2020 Current Non-current Fair value Level Financial liabilities measured at fair value Interest rate swap used for hedging - - - 2 Forward exchange contracts used for hedging (765) - (765) 2 Other financial liabilities (46,852) (25,338) (72,190) 3 Sub-total (47,617) (25,338) (72,955) Financial liabilities not measured at fair value Trade and other payables (*) (246,286) - Bank overdrafts (*) (15) - Short-term bank loans (*) - - Bank loans (*) - - IFRS 16 financial loans (*) (102,791) (537,506) Sub-total (349,092) (537,506) - Total (396,709) (562,844) (72,955)

(*) Such items refer to short-term financial assets and financial liabili- ties whose carrying value is a reasonable approximation of fair va- lue, which was therefore not disclosed.

(*) Amounts showed according to the Cash Flow Statements included in the Directors Report

CONSOLIDATED FINANCIAL STATEMENTS150 151CONSOLIDATED FINANCIAL STATEMENTS MONCLER GROUP

2021