179 SEPARATE FINANCIAL STATEMENTS178 SEPARATE FINANCIAL STATEMENTS MONCLER GROUP 2022

The changes related to the right of use assets arising from the ap- plication of the IFRS 16 are reported here below:

RIGHT OF USE ASSETS

(Euro/000) Land and buildings Other fixed assets Total 01/01/2022 6,421 259 6,680 Acquisitions 609 137 746 Disposals (70) (30) (100) Depreciation (1,044) (162) (1,206) 31/12/2022 5,916 204 6,120

4.4 INVESTMENTS IN SUBSIDIARIES

Investments in subsidiaries are detailed in the following table:

INVESTMENTS IN SUBSIDIARIES

(Euro/000) Country % ownership Carrying amount 31/12/2022 31/12/2022 31/12/2022 31/12/2022 Industries S.p.A. Italia 100% 100% 356,374 332,772 Sportswear Company S.p.A. Italia 100% 100% 592,382 591,898 Total 948,756 924,670

Financial information related to the subsidiaries are detailed in the following table:

SUMMARY OF SUBSIDIARY S FINANCIAL INFORMATION

(Euro/000) 31/12/2022 Assets Liabilities Net equity Revenues Profit/(Loss) Industries S.p.A. 1,904,017 795,233 1,108,784 1,351,046 150,154 Sportswear Company S.p.A. 328,550 113,675 214,875 327,225 40,751 Total 2,232,567 908,908 1,323,659 1,678,271 190,905

SUMMARY OF SUBSIDIARY S FINANCIAL INFORMATION

(Euro/000) 31/12/2021 Assets Liabilities Net equity Revenues Profit/(Loss) Industries S.p.A. 1,730,773 799,962 930,811 1,081,382 92,061 Sportswear Company S.p.A. 272,964 98,256 174,708 317,951 62,703 Total 2,003,737 898,218 1,105,519 1,399,333 154,764

The carrying amounts of the investments in Industries S.p.A. and Sportswear Company S.p.A. also include the greater value rec- ognised upon their acquisition (2008 and 2021), allocated to the goodwill associated with the Moncler and the Stone Island busi- nesses, respectively.

At the reporting date, management found that there were no risks of impairment of the amounts recognised, based on the per- formance of the Moncler and Stone Island businesses and expec- tations of the development plans. These considerations are also supported by the impairment tests carried out on the Moncler and Stone Island business cash generating units described in the Mon- cler Group s consolidated financial statements. The increase in the value of the investment was due to the accounting treatment of the stock option and performance share plans adopted by the Compa- ny and described in section 8.2.

Furthermore, the market capitalisation of the Company, based on the average price of Moncler share in 2022, shows a pos- itive difference with respect to the net equity, indirectly confirming the value of the goodwill.

Please refer to the Consolidated Financial Statements for a complete list of the Group companies directly and indirectly con- trolled by the Company.

4.3 PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT

(Euro/000) 2022 2021 Gross value Accumulated Net value Net value depreciation and impairment Land and buildings 7,665 (1,749) 5,916 6,421 Plant and Equipment 123 (114) 9 13 Fixtures and fittings 234 (171) 63 88 Leasehold improvements 114 (45) 69 79 Other fixed assets 928 (691) 237 330 Assets in progress 456 0 456 26 Total 9,520 (2,770) 6,750 6,957

The changes in property, plant and equipment for 2022 and 2021 is included in the following tables:

As at 31 December 2022

GROSS VALUE PROPERTY, PLANT AND EQUIPMENT

(Euro/000) Land and Plant and Fixtures Leasehold Other fixed Assets in progress Total buildings Equipment and fittings improvements assets and advances 01/01/2022 7,160 123 234 106 833 26 8,482 Acquisitions 609 0 0 8 138 430 1,185 Disposals (104) 0 0 0 (43) 0 (147) Other movements, 0 0 0 0 0 0 0 including transfers 31/12/2022 7,665 123 234 114 928 456 9,520

ACCUMULATED DEPRECIATION AND IMPAIRMENT PPE

(Euro/000) Land and Plant and Fixtures Leasehold Other fixed Assets in progress Total buildings Equipment and fittings improvements assets and advances 01/01/2022 (739) (110) (146) (27) (503) 0 (1,525) Depreciation (1,045) (4) (25) (18) (200) 0 (1,292) Disposals 35 0 0 0 12 0 47 Other movements, 0 0 0 0 0 0 0 including transfers 31/12/2022 (1,749) (114) (171) (45) (691) 0 (2,770)

As at 31 December 2021

GROSS VALUE PROPERTY, PLANT AND EQUIPMENT

(Euro/000) Land and Plant and Fixtures Leasehold Other fixed Assets in progress Total buildings Equipment and fittings improvements assets and advances 01/01/2021 1,629 5 0 4 459 16 2,113 SPW Incorporation 4,792 118 234 102 91 0 5,337 Acquisitions 1,384 0 0 0 288 33 1,705 Disposals (645) 0 0 0 (12) 0 (657) Other movements, 0 0 0 0 7 (23) (16) including transfers 31/12/2021 7,160 123 234 106 833 26 8,482

ACCUMULATED DEPRECIATION AND IMPAIRMENT PPE

(Euro/000) Land and Plant and Fixtures Leasehold Other fixed Assets in progress Total buildings Equipment and fittings improvements assets and advances 01/01/2021 (440) (5) 0 (2) (265) 0 (712) SPW Incorporation (41) (105) (146) (24) (87) 0 (403) Depreciation (461) 0 0 (1) (163) 0 (625) Disposals 203 0 0 0 12 0 215 Other movements, 0 0 0 0 0 0 0 including transfers 31/12/2021 (739) (110) (146) (27) (503) 0 (1,525)