181 SEPARATE FINANCIAL STATEMENTS180 SEPARATE FINANCIAL STATEMENTS MONCLER GROUP 2022

4.6 TRADE RECEIVABLES

TRADE RECEIVABLES

(Euro/000) 31/12/2022 31/12/2022 Trade receivables, third parties 1,910 1,219 Trade receivables, intra-group 111,689 83,878 Total, net value 113,599 85,097

Trade receivables are originated from the marketing and communi- cation operations of the Company related to the brand development and Group operations and are mostly considered intercompany transactions.

There are no trade receivables with a due date greater than five years. There is no difference between the book value and the fair value of trade receivables.

Trade receivables from Group companies mainly relates to the receivable from the subsidiaries Industries S.p.A. and Sports- wear Company S.p.A. resulting from the royalties for the use of the Moncler and Stone Island trademarks.

These receivables do not present collectability risks.

4.7 CASH AND CASH EQUIVALENT

As at 31 December 2022, the caption cash and cash equivalent amounted to EUR 12,966 thousand (EUR 901 thousand as at 31 De- cember 2021) and includes funds available at banks. Please refer to the statement of cash flows for further information related to cash fluctuation.

CASH AND CASH EQUIVALENTS INCLUDED IN THE STATEMENT OF CASH FLOW

(Euro/000) 31/12/2022 31/12/2021 Cash in hand and at the bank 12,966 901 Total 12,966 901

4.8 INTRA-GROUP FINANCIAL RECEIVABLES

The financial receivables item, amounting to EUR 160 thousand, relates to the financial receivable from Stone Island Retail S.r.l. In 2021 (Euro 1,075 thousand) the item referred to the receivable for the financial settlement of the partial demerger transaction.

4.9 OTHER CURRENT AND NON-CURRENT ASSETS

OTHER CURRENT ASSETS

(Euro/000) 31/12/2022 31/12/2021 Advances on account to vendors 60 872 Prepaid expenses 1,434 391 Tax receivables excluding income taxes 258 114 Other current assets 944 10 Other current assets, intra-group 27,154 4,111 Total other current assets 29,850 5,498 Security / guarantees deposits 148 126 Other non-current assets 110 0 Other non-current assets 258 126 Total 30,108 5,624

The caption other current taxes consists mainly of the receivable due from the tax authority related to IRES receivable for personnel expenses not deducted for IRAP purposes as well as the VAT re- ceivable.

The caption other current assets, intra-group includes mainly amounts related to the fiscal consolidation and VAT consolidation; the same caption in 2021 included mainly amounts related to fiscal consolidation.

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

4.5 DEFERRED TAX ASSETS AND DEFERRED TAX LIABILITIES

Deferred tax assets and deferred tax liabilities are offset only when there is a law within a given tax jurisdiction which provides for such right to offset. The balances were as follows as at 31 December 2022 and 31 December 2021:

DEFERRED TAXATION

(Euro/000) 31/12/2022 31/12/2021 Deferred tax assets 1,958 2,178 Deferred tax liabilities (4,915) (220,014) Net amount (2,957) (217,836)

Changes in deferred tax assets and deferred tax liabilities are de- tailed in the following table:

DEFERRED TAX ASSETS (LIABILITIES)

(Euro/000) Opening balance Taxes charged Taxes Other Closing balance 01/01/2022 to the income accounted movements 31 December statement for in Equity 2022 Tangible assets 2 (2) 0 0 0 Employee benefits 34 0 0 0 34 Other temporary items 2,142 (218) 0 0 1,924 Tax assets 2,178 (220) 0 0 1,958 Intangible assets (217,599) 215,099 0 0 (2,500) Financial assets (2,415) 0 0 0 (2,415) Tax liabilities (220,014) 215,099 0 0 (4,915) Net deferred tax assets (liabilities) (217,836) 214,879 0 0 (2,957)

DEFERRED TAX ASSETS (LIABILITIES)

(Euro/000) Opening balance Taxes charged Taxes Other Closing balance 01/01/2021 to the income accounted movements 31/12/2021 statement for in Equity Tangible assets 4 (1) 0 (1) 2 Employee benefits 35 0 0 (1) 34 Other temporary items 1,390 751 0 1 2,142 Tax assets 1,429 750 0 (1) 2,178 Intangible assets 5 (1,253) 0 (216,351) (217,599) Financial assets (2,415) 0 0 0 (2,415) Tax liabilities (2,410) (1,253) 0 (216,351) (220,014) Net deferred tax assets (liabilities) (981) (503) 0 (216,352) (217,836)

The taxable amount on which deferred tax has been calculated is detailed in the following table:

DEFERRED TAX ASSETS (LIABILITIES)

(Euro/000) Taxable amount Closing balance Taxable amount Closing balance 2022 31/12/2022 2021 31/12/2021 Tangible assets 0 0 5 2 Employee benefits 143 34 143 34 Other temporary items 8,015 1,924 8,928 2,142 Tax assets 8,158 1,958 9,076 2,178 Intangible assets (8,960) (2,500) (779,925) (217,599) Financial assets (10,064) (2,415) (10,064) (2,415) Tax liabilities (19,024) (4,915) (789,989) (220,014) Net deferred tax assets (liabilities) (10,866) (2,957) (780,913) (217,836)

The caption other temporary items mainly refers to the Directors remunerations.