181 SePARATe FInAnCIAL STATeMenTS180 SePARATe FInAnCIAL STATeMenTS MONCLER GROUP 2023

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 Otherfixed Total and buildings assets 01/01/2023 5,916 204 6,120 Acquisitions 546 239 785 disposals (1,385) (19) (1,404) depreciation (927) (181) (1,108) 31/12/2023 4,150 243 4,393

4.4 INVESTMENTS IN SUBSIDIARIES

Investments in subsidiaries are detailed in the following table:

INVESTMENTS IN SUBSIDIARIES

(Euro/000) Country % ownership Carrying amount 31/12/2023 31/12/2022 31/12/2023 31/12/2022 Industries S.p.A. Italy 100% 100% 377,045 356,374 Sportswear Company S.p.A. Italy 100% 100% 593,742 592,382 Totale netto 970,787 948,756

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

SUMMARY OF SUBSIDIARY S FINANCIAL INFORMATION 31/12/2023

(Euro/000) Assets Liabilities Net equity Revenues Profit/(Loss) Industries S.p.A. 2,268,256 835,075 1,433,181 1,629,954 305,894 Sportswear Company S.p.A. 354,634 91,957 262,677 393,839 47,156 Total 2,622,890 927,032 1,695,858 2,023,793 353,050

SUMMARY OF SUBSIDIARY S FINANCIAL INFORMATION 31/12/2022

(Euro/000) 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

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 2023, shows a positive dif- ference with respect to the net equity, indirectly confirming the val- ue 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) 2023 2022 Gross value Accumulated Net value Net value depreciation and impairment Land and buildings 6,040 (1,889) 4,151 5,916 Plant and equipment 125 (118) 7 9 Fixtures and fittings 243 (192) 51 63 Leasehold improvements 151 (67) 84 69 Other fixed assets 1,007 (749) 258 237 Assets in progress 270 0 270 456 Total 7,836 (3,015) 4,821 6,750

The changes in property, plant and equipment for 2023 and 2022 is included in the following tables:

As at 31 december 2023

GROSS VALUE PROPERTY, PLANT AND EQUIPMENT

(Euro/000) Lands Plant and Fixtures Leasehold Other fixed Assets in progress Total and buildings Equipment and fittings improvements assets and advances 01/01/2023 7,665 123 234 114 928 456 9,520 Acquisitions 546 2 9 37 239 (156) 677 disposals (2,171) 0 0 0 (160) 0 (2,331) Other movements, including transfers 0 0 0 0 0 (30) (30) 31/12/2023 6,040 125 243 151 1,007 270 7,836

ACCUMULATED DEPRECIATION AND IMPAIRMENT PPE

(Euro/000) Lands Plant and Fixtures Leasehold Other fixed Assets in progress Total and buildings Equipment and fittings improvements assets and advances 01/01/2023 (1,749) (114) (171) (45) (691) 0 (2,770) depreciation (928) (4) (21) (22) (197) 0 (1,172) disposals 788 0 0 0 139 0 927 Other movements, including transfers 0 0 0 0 0 0 0 31/12/2023 (1,889) (118) (192) (67) (749) 0 (3,015)

As at 31 december 2022

GROSS VALUE PROPERTY, PLANT AND EQUIPMENT

(Euro/000) Land Plant and Fixtures Leasehold Other fixed Assets in progress Total and 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, including transfers 0 0 0 0 0 0 0 31/12/2022 7,665 123 234 114 928 456 9,520

ACCUMULATED DEPRECIATION AND IMPAIRMENT PPE

(Euro/000) Land Plant and Fixtures Leasehold Other fixed Assets in progress Total and 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, including transfers 0 0 0 0 0 0 0 31/12/2022 (1,749) (114) (171) (45) (691) 0 (2,770)