183 SePARATe FInAnCIAL STATeMenTS182 SePARATe FInAnCIAL STATeMenTS MONCLER GROUP 2023

4.6 TRADE RECEIVABLES TRADE RECEIVABLES

(Euro/000) 31/12/2023 31/12/2022 Trade receivables, third parties 1,535 1,910 Trade receivables, intra-group 96,772 111,689 Total, net value 98,307 113,599

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 2023, the caption cash and cash equivalent amounted to eUR 964 thousand (eUR 12,966 thousand as at 31 de- cember 2022) 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) 31/12/2023 31/12/2022 Cash in hand and at the bank 964 12,966 Total 964 12,966

4.8 INTRA-GROUP FINANCIAL RECEIVABLES

The financial receivables item, amounting to eUR 53.525 thousand, relates to the financial receivable from the subsidiary Industries S.p.A. for cash pooling. In 2022 (euro 160 thousand) the item re- ferred to the financial receivable from Stone Island Retail S.r.l..

4.9 OTHER CURRENT AND NON-CURRENT ASSETS OTHER CURRENT ASSETS

(Euro/000) 31/12/2023 31/12/2022 Advances on account to vendors 165 60 Prepaid expenses 117 1,434 Tax receivables excluding income taxes 281 258 Other current assets 47 97 Other current assets, intra-group 42,425 28,001 Total other current assets 43,035 29,850 Security / guarantees deposits 99 148 Other non current assets 110 110 Other non-current assets 209 258 Total 43,244 30,108

The caption other current taxes consists mainly of the receivable due from the tax authority related to IReS receivable for personnel ex- penses not deducted for IRAP purposes as well as the VAT receivable.

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

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

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

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 2023 and 31 december 2022:

DEFERRED TAXATION

(Euro/000) 31/12/2023 31/12/2022 deferred tax assets 1,859 1,958 deferred tax liabilities (49,437) (4,915) Net amount (47,578) (2,957)

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 accounted Other Closing balance 01/01/2023 the income for in Equity movements 31/12/2023 statement Tangible assets 0 1 0 0 1 employee benefits 34 0 0 0 34 Other temporary items 1,924 (101) 0 1 1,824 Tax assets 1,958 (100) 0 1 1,859 Intangible assets (2,500) (44,522) 0 0 (47,022) Financial assets (2,415) 0 0 0 (2,415) Tax liabilities (4,915) (44,522) 0 0 (49,437) Net deferred tax assets (liabilities) (2,957) (44,622) 0 1 (47,578)

DEFERRED TAX ASSETS (LIABILITIES)

(Euro/000) Opening balance Taxes charged Taxes accounted Other Closing balance 01/01/2022 the income for in Equity movements 31/12/2022 statement 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)

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

DEFERRED TAX ASSETS (LIABILITIES)

(Euro/000) Taxable Closing balance Taxable Closing balance Amount 31/12/2023 Amount 31/12/2022 2023 2022 Tangible assets 4 1 0 0 employee benefits 143 34 143 34 Other temporary items 7,597 1,824 8,015 1,924 Tax assets 7,744 1,859 8,158 1,958 Intangible assets (168,538) (47,022) (8,960) (2,500) Financial assets (10,064) (2,415) (10,064) (2,415) Tax liabilities (178,602) (49,437) (19,024) (4,915) Net deferred tax assets (liabilities) (170,858) (47,578) (10,866) (2,957)

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