SEPARATE FINANCIAL STATEMENTS168 169SEPARATE FINANCIAL STATEMENTS MONCLER GROUP

2021

INCOME STATEMENT

(Euro) Notes 2021 of which 2020 of which related parties related parties (note 8.1) (note 8.1) Revenue 3.1 302,092,463 299,144,224 238,601,274 237,971,274 General and administrative expenses 3.2 (54,996,276) (12,048,171) (39,637,058) (7,197,557) Marketing expenses 3.3 (58,599,541) (2,987) (40,052,139) 0 Operating result 188,496,646 158,912,077 Financial income 3.5 33,122 33,122 420,336 331,968 Financial expenses 3.5 (1,684,431) (830,841) (352,564) (78,843) Result before taxes 186,845,337 158,979,849 Income taxes 3.6 (50,363,722) 14,949,883 Net result 136,481,615 173,929,732

STATEMENT OF COMPREHENSIVE INCOME

Euro) Note 2021 2020 Net profit (loss) for the period 136,481,615 173,929,732 Gains/(Losses) on fair value 4.15 0 0 of hedge derivatives Items that are or may be reclassified 0 0 to profit or loss Actuarial Gains/(Losses) 4.15 (7,948) (90,274) on pension funds Items that will never be reclassified (7,948) (90,274) to profit or loss Other comprehensive (7,948) (90,274) income/(loss), net of tax Total Comprehensive income/(loss) 136,473,667 173,839,458

STATEMENT OF FINANCIAL POSITION

(Euro) Notes 31 December of which 31 December of which 2021 related parties 2020 related parties (note 8.1) (note 8.1) Brands and other intangible assets - net 4.1 1,001,460,254 225,634,820 Property, plant and equipment - net 4.3 6,957,036 1,400,751 Investments in subsidiaries 4.4 924,669,525 312,662,899 Other non-current assets 4.9 126,400 1,141,900 Deferred tax assets 4.5 2,178,482 1,429,224 Non-current assets 1,935,391,697 542,269,594 Trade accounts receivable 4.6 1,219,240 257,807 Intra-group accounts receivable 4.6 83,877,769 83,877,769 135,820,122 135,820,122 Other current assets 4.9 1,387,217 1,438,114 Other current assets intra-group 4.9 4,110,773 4,110,773 269,095 269,095 Intra-group financial receivables 4.8 1,075,337 1,075,337 54,438,695 54,438,695 Cash and cash equivalent 4.7 901,195 62,293,432 Current assets 92,571,531 254,517,265 Total assets 2,027,963,228 796,786,859 Share capital 4.15 54,736,558 51,670,525 Premium reserve 4.15 745,308,990 173,374,223 Other reserve 4.15 426,983,425 348,383,314 Net result 4.15 136,481,615 173,929,732 Equity 1,363,510,588 747,357,794 Long-term borrowings 4.13 5,685,596 993,514 Intra-group long-term borrowings 4.13 327,000,000 327,000,000 0 Employees pension fund 4.12 1,658,378 1,618,516 Deferred tax liabilities 4.5 220,014,187 2,410,021 Non-current liabilities 554,358,161 5,022,051 Short-term borrowings 4.13 1,077,384 322,754 Intra-group short-term borrowings 4.13 38,610,403 0 Trade accounts payable 4.10 29,983,918 16,111,947 Intra-group accounts payable 4.10 2,408,945 2,408,945 41,797 41,797 Tax liabilities 4.14 14,355,724 12,251,795 Other current liabilities 4.11 12,008,839 3,630,802 6,333,653 441,845 Other current liabilities intra-group 4.11 11,649,266 11,649,266 9,345,068 9,345,068 Current liabilities 110,094,479 44,407,014 Total liabilities and equity 2,027,963,228 796,786,859