89 COnSOLIdATed FInAnCIAL STATeMenTS88 COnSOLIdATed FInAnCIAL STATeMenTS MONCLER GROUP 2023
CONSOLIDATED INCOME STATEMENT
(Euro/000) Notes 2023 of which 2022 of which related parties related parties (note 10.1) (note 10.1) Revenue 4.1 2,984,217 1,399 2,602,890 1,394 Cost of sales 4.2 (683,387) (16,133) (615,047) (14,318) Gross margin 2,300,830 1,987,843 Selling expenses 4.3 (868,062) (2,648) (757,393) (2,697) General and administrative expenses 4.4 (331,231) (56,900) (283,967) (23,426) Marketing expenses 4.5 (207,698) (171,936) Operating result 4.6 893,839 774,547 Financial income 4.7 11,341 3,537 Financial expenses 4.7 (34,545) (30,753) Result before taxes 870,635 747,331 Income taxes 4.8 (258,733) (140,625) Net Result including Minority 611,902 606,706 non-controlling interests 29 (9) net result, Group share 611,931 606,697 Earnings per share (unit of Euro) 5.16 2.27 2.26 Diluted earnings per share (unit of Euro) 5.16 2.26 2.24
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
(Euro/000) Notes 2023 2022 net profit (loss) for the period 611,902 606,706 Gains/(Losses) on fair value of hedge derivatives 5.16 (4,638) 10,238 Gains/(Losses) on exchange differences 5.16 (28,773) (12,384) on translating foreign operations Items that are or may be reclassified (33,411) (2,146) to profit or loss Other Gains/(Losses) 5.16 (236) 336 Items that will never be reclassified (236) 336 to profit or loss Other comprehensive income/(loss), net of tax (33,647) (1,810) Total Comprehensive income/(loss) 578,255 604,896 Attributable to: Group 578,277 604,888 non controlling interests (22) 8
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
(Euro/000) Notes 31/12/2023 of which 31/12/2022 of which related parties related parties (note 10.1) (note 10.1) Brands and other intangible assets - net 5.1 1,096,473 1,086,706 Goodwill 5.1 603,417 603,417 Property, plant and equipment - net 5.3 1,082,480 1,074,490 Investments (in associates for consolidation) 915 908 Other non-current assets 5.9 49,493 46,863 deferred tax assets 5.4 252,197 205,932 Non-current assets 3,084,975 3,018,316 Inventories and work in progress 5.5 453,178 377,549 Trade account receivables 5.6 325,608 4,492 296,550 20,136 Tax assets 5.12 9,251 5,940 Other current assets 5.9 41,901 47,352 Financial current assets 5.8 78,308 11,351 Cash and cash equivalent 5.7 998,799 882,254 Current assets 1,907,045 1,620,996 Total assets 4,992,020 4,639,312 Share capital 5.16 54,926 54,737 Share premium reserve 5.16 745,309 745,309 Other reserves 5.16 1,802,169 1,495,427 net result, Group share 5.16 611,931 606,697 Equity, Group share 3,214,335 2,902,170 Non controlling interests 94 116 Equity 3,214,429 2,902,286 Long-term borrowings 5.15 664,188 718,709 Provisions non-current 5.13 27,690 27,261 Pension funds and agents leaving indemnities 5.14 12,144 12,036 deferred tax liabilities 5.4 63,034 15,190 Other non-current liabilities 5.11 103 117 Non-current liabilities 767,159 773,313 Short-term borrowings 5.15 184,403 194,070 Trade account payables 5.10 538,586 50,326 482,425 22,431 Tax liabilities 5.12 134,531 158,855 Other current liabilities 5.11 152,912 7,334 128,363 5,105 Current liabilities 1,010,432 963,713 Total liabilities and equity 4,992,020 4,639,312
