127 CONSOLIDATED FINANCIAL STATEMENTS126 CONSOLIDATED FINANCIAL STATEMENTS MONCLER GROUP 2022

5.9 OTHER CURRENT AND NON-CURRENT ASSETS

OTHER CURRENT AND NON-CURRENT ASSETS

(Euro/000) 31/12/2022 31/12/2021 Prepayments and accrued income - current 16,135 12,117 Other current receivables 31,217 15,641 Other current assets 47,352 27,758 Prepayments and accrued income - non-current 87 70 Security / guarantees deposits 44,615 35,989 Investments in associated companies 36 36 Other non-current receivables 2,125 987 Other non-current assets 46,863 37,082 Total 94,215 64,840

Other current receivables mainly comprise the receivable due from the tax authority for value added tax.

Deposits are mostly related to the amounts paid on behalf of the lessee as a guarantee to the lease agreement.

The caption investments in associated companies includes the 22.5% interest in the company 3B Restaurant S.r.l. (same % in 2021), which deals with catering.

There are no differences between the amounts included in the Consolidated Financial Statements and their fair values.

5.10 TRADE PAYABLES

As at 31 December 2022 Trade payables amounted to EUR 482.4 million (EUR 349.0 million as at 31 December 2021) and included current payables due to suppliers for goods and services. These payables pertained to amounts that are payable within the up- coming year and did not include amounts that will be paid after 12 months.

In 2022 and 2021 there were no outstanding positions as- sociated to individual suppliers that exceed 10% of the total value.

There are no differences between the amounts included in the Consolidated Financial Statements and their respective fair values.

Please refer to note 9.1 for an analysis of trade payable de- nominated in foreign currencies.

5.11 OTHER CURRENT AND NON-CURRENT LIABILITIES

OTHER CURRENT AND NON-CURRENT LIABILITIES

(Euro/000) 31/12/2022 31/12/2021 Deferred income and accrued expenses - current 2,078 1,595 Advances and payments on account to customers 18,658 18,079 Employee and social institutions 56,039 53,018 Tax accounts payable, excluding income taxes 39,776 33,711 Other current payables 11,812 18,876 Other current liabilities 128,363 125,279 Deferred income and accrued expenses - non-current 117 163 Other non-current liabilities 117 163 Total 128,480 125,442

The caption taxes payable includes mainly value added tax (VAT) and payroll tax withholding.

5.12 TAX ASSETS AND LIABILITIES

Tax assets amounted to EUR 5.9 million as at 31 December 2022 (EUR 5.0 million as at 31 December 2021).

Tax liabilities amounted to EUR 158.9 million as at 31 Decem- ber 2022 (EUR 131.2 million as at 31 December 2021). They are rec- ognised net of current tax assets, where the offsetting relates to the same tax jurisdiction and tax system.

5.13 NON-CURRENT PROVISIONS

Provision changes are shown in the following table:

PROVISION FOR CONTINGENCIES AND LOSSES

(Euro/000) 01/01/2022 Acquisitions Disposals Translation Other 31/12/2022 differences movements Tax litigations 0 (11,164) 0 0 0 (11,164) Other non current (11,320) (4,649) 1,253 335 (1,716) (16,097) contingencies Total (11,320) (15,813) 1,253 335 (1,716) (27,261)

PROVISION FOR CONTINGENCIES AND LOSSES

(Euro/000) 01/01/2021 Acquisitions Disposals Translation Other 31/12/2021 differences movements Other non current (12,949) (340) 3,855 (149) (1,737) (11,320) contingencies Total (12,949) (340) 3,855 (149) (1,737) (11,320)

The item Tax litigations includes the provision for the possible re- payment of the research and development tax credit referring to the years 2015-2019 by virtue of Resolution No. 41 of 26 July 2022, in which the Italian Revenue Agency revises its position on eligibil- ity for the benefit.

The caption other non current contingencies includes costs for restoring stores, costs associated with ongoing disputes and product warranty costs.

5.14 PENSION FUNDS AND AGENTS LEAVING INDEMNITIES

The changes in the funds are depicted in the following table:

EMPLOYEES PENSION FUNDS

(Euro/000) 01/01/2022 Changes in Increase Decrease Translation Other 31/12/2022 consolidation differences movements area Pension funds (6,773) 0 (1,712) 1,316 1 550 (6,618) Agents leaving indemnities (5,681) 0 (276) 539 0 0 (5,418) Total (12,454) 0 (1,988) 1,855 1 550 (12,036)

EMPLOYEES PENSION FUNDS

(Euro/000) 01/01/2021 Changes in Increase Decrease Translation Other 31/12/2021 consolidation differences movements area Pension funds (4,628) (1,776) (998) 755 23 (149) (6,773) Agents leaving indemnities (2,558) (1,322) (1,801) 0 0 0 (5,681) Total (7,186) (3,098) (2,799) 755 23 (149) (12,454)

The pension funds pertain mainly to the Italian entities of the Group. Following the recent welfare reform, beginning on 1 January 2007, the liability has taken the form of a defined contribution plan. There- fore, the amount of pension fund (TFR) accrued prior to the applica- tion of the reform and not yet paid to the employees as at the date of the Consolidated Financial Statements is considered as a defined benefit plan, changes in which are shown in the following table:

EMPLOYEES PENSION FUNDS - MOVEMENTS

(Euro/000) 31/12/2022 31/12/2021 Net recognized liability - opening (4,956) (3,015) Changes in consolidation area 0 (1,776) Interest costs (27) (19) Service costs (741) (689) Payments 837 702 Actuarial Gains/(Losses) 550 (159) Net recognized liability - closing (4,337) (4,956)