247 APPENDIX246 APPENDIX MONCLER GROUP 2022
EXCERPT FROM COUNTRY BY COUNTRY REPORT 2021
MILLION EUROS
2021
Tax rate Countries included Revenues from Income before Taxes Taxes Employees
range in the range third parties15 taxes16 paid17 accrued18 (FTE)
EMEA x<10% United Arab Emirates 7.79 0.59 0.01 0.02 17.50
Hungary
10%
EU TAXONOMY Regulation (EU) 2020/852 introduced the Taxonomy into the Eu- ropean regulatory system in order to determine whether econom- ic activity can be considered environmentally sustainable and to stimulate transparency in green finance transactions by identifying the degree of environmental sustainability of an investment.
Environmentally friendly economic activities are assessed on the basis of whether they contribute to six environmental objectives:
climate change mitigation climate change adaptation sustainable use and protection of water and marine resources transition to the circular economy, including with regards to
the reduction and recycling of waste pollution prevention and control protection and restoration of biodiversity and ecosystems.
In order to be considered environmentally sustainable, activities must meet specific criteria including: contributing positively to at least one of the six environmental objectives; not having negative impacts on any of the other objective (DNSH - Do Not Significantly Harm criterion); being carried out in accordance with minimum so- cial guarantees; and complying with the technical criteria identified by delegated acts adopted by the European Commission.
At the date of publication of this Document, the list of activi- ties defined as environmentally sustainable by the Taxonomy is only available for two of the six environmental objectives defined in Arti- cle 9 of Regulation (EU) 2020/852: Climate change mitigation and Climate change adaptation . In particular, for the 2022 reporting year, Regulation (EU) 2020/852 requires information to be provided on the share of turnover, capital expenditures (CapEx) or operating expenses (OpEx) associated with economic activities aligned with the Taxonomy criteria.
Regulation (EU) 2020/852 provides the reporting to be ex- tended to the other four environmental objectives in the future.
With reference to disclosure pursuant to Article 8, para- graphs 6 and 7 of Regulation (EU) 2021/2178, which requires the use of the forms set out in Annex XII for reporting activities relat- ed to nuclear and fossil gases, all the models have been omitted as they are not representative of the company s activities.
15 Revenues from third parties, amounting to 1,998.32 million euros, differ from the amount reported in the 2021 Annual Report, equal to 2,046.10 million euros, because in this table they include revenues contained in the local statutory financial statements of the individual companies.
16 Income before tax, amounting to 595.17 million euros, differs from the figure reported in the 2021 Annual Report, equal to 557.61 million euros, because in this table it includes the pre-tax income contained in the local statutory financial statements of the individual companies.
17 Taxes paid differ from taxes accrued primarily because they consist of the balance of the previous year (2020) and only advance payments for the current year (2021).
18 Taxes accrued refer only to current taxes accrued in 2021. In addition, the nominal tax rate is applied to pre-tax profits, which have been adjusted on the basis of local tax laws.