OTHER INFORMATION
RESEARCH AND DEVELOPMENT Since the Moncler Group s success depends in part on the image, prestige and recognition of the brands, and in part on the abili- ty to manufacture a set of collections in line with market trends, the Group conducts research and development in order to design, create and implement new products and new collections. Re- search and development costs are expensed in the income state- ment as they occur on an accrual basis.
RECONCILIATION BETWEEN NET RESULT AND SHAREHOLDERS EQUITY OF THE PARENT COMPANY AND THE GROUP S AMOUNTS The reconciliation between the Group s net result and sharehold- ers equity at the end of the period and the parent Company Mon- cler s S.p.A. net result and shareholders equity is detailed in the following table:
Reconciliation between result and new Result Net Equity Result Net Equity equity of the Parent and the Group 2021 31/12/21 2020 31/12/20 Parent Company balance 136,482 1,363,511 173,930 747,358 Inter-group dividends (2,519) 0 (2,314) 0 Share of consolidated subsidiaries net 286,511 693,584 118,781 888,199 of book value of relates equity interest Allocation of the excess cost resulting (14,583) 605,298 (541) 157,998 of the from the acquisition subsidiaries and the corresponding Equity Elimination of the intercompany (11,204) (123,693) 10,599 (107,762) profit and losses Translation adjustments 0 869 0 (18,183) Effects of other consolidation entries (1,154) (40,583) (104) (40,562) TOTAL GROUP SHARES 393,533 2,498,986 300,351 1,627,048 Minority interest 20 108 15 89 TOTAL 393,553 2,499,094 300,366 1,627,137
SECONDARY OFFICES The Company does not have any secondary offices.
CERTIFICATION PURSUANT TO ART. 2.6.2, PARAGRAPH 8 AND 9 OF THE RULES OF THE MARKETS ORGANISED AND MANAGED BY THE ITALIAN STOCK EXCHANGE In relation to art. 15 of Consob Regulation adopted with resolution n. 20249 on 28 December 2017 as amended and integrated, con- cerning the conditions for the listing of companies with subsidiar- ies established and regulated under the laws of countries outside the European Union and of significance for the consolidated finan- cial statements, please note that the above mentioned regulation is applicable to five companies belonging to the Group (Moncler Japan, Moncler USA, Moncler Asia Pacific, Moncler Shanghai and Moncler Korea) and that adequate procedures to ensure full com- pliance with said rules have been adopted and that the conditions referred to in that Article 15 were met.
CERTIFICATION PURSUANT TO ARTICLE 16, PARAGRAPH 4 OF THE MARKETS REGULATION ADOPTED BY CONSOB WITH RESOLUTION 20249 OF 28 DECEMBER 2017 Moncler S.p.A. is controlled by Remo Ruffini through Ruffini Partecipazioni Holding S.r.l. (RPH) and Double R S.r.l. (DR, for- merly Ruffini Partecipazioni Sr.l.). In particular, Remo Ruffini holds the entire share capital of RPH, which controls DR, that at 31 December 2021 held 19.9% of the share capital of Moncler S.p.A.
Moncler S.p.A. is not managed or coordinated by Ruffini Partecipazioni Holding S.r.l.; for relative evaluations, reference is made to the Report on Corporate Governance and Ownership Structure, available at www.monclergroup.com, Governance / Shareholders Meeting section.
MOTION TO APPROVE THE FINANCIAL STATEMENTS AND THE ALLOCATION OF THE RESULT FOR THE YEAR ENDED 31 DECEMBER 2021
Shareholders, We invite you to approve the Moncler Group consolidated finan- cial statements as at and for the year ended 31 December 2021 and the Moncler S.p.A. s separate financial statements. We recommend that you approve the distribution of a gross divi- dend of EUR 0.60 per ordinary share based on the net results for the year 2021 of Moncler S.p.A. equal to EUR 136,481,615. The total amount to be distributed as a dividend, having taken into consideration the number of shares that are presently issued as of 31 December 2021 (no. 269,576,110), net of the shares which are directly owned by the Company (no. 4,106,680), is equal to Euro 161.7 million17.
Milan, 16 March 2022
For the Board of Directors
The Chairman Remo Ruffini
17 Subject to change due to the possible use of treasury shares for the stock-based compensation plans and to the further treasury shares purchase.
82 83 MONCLER GROUP
2021BOARD OF DIRECTORS REPORT BOARD OF DIRECTORS REPORT