MONCLER ANNUAL REPORT AT 31 DECEMBER 2020CONSOLIDATED FINANCIAL STATEMENTS 107106

5.

COMMENTS ON THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION

5.1. GOODWILL, BRANDS AND OTHER INTANGIBLE ASSETS

Brands and other intangible assets (Euro/000)

31 December 2020 31 December 2019

Gross value

Accumulated amortization

and impairment Net value Net value

Brands 223,900 0 223,900 223,900

Key money 56,837 (41,733) 15,104 20,513

Software 77,839 (40,835) 37,004 27,404

Other intangible assets 10,888 (8,741) 2,147 2,157

Assets in progress 4,153 0 4,153 5,416

Goodwill 155,582 0 155,582 155,582

Total 529,199 (91,309) 437,890 434,972

Intangible assets changes are shown in the following tables: As at 31 December 2020

As at 31 December 2019

The increase in the caption software and assets in progress and advances pertained to the investments in information technolo- gy to support the business and the corporate functions and for the e-commerce internalization project. Please refer to the Directors report for additional information related to investments made during the year.

Gross value Brands and other intangible assets (Euro/000) Brands Key money Software

Other intangible

assets

Assets in progress and

advances Goodwill Total

1 January 2020 223,900 57,690 58,597 10,078 5,416 155,582 511,263

Acquisitions 0 0 13,960 682 3,307 0 17,949

Disposals 0 0 (295) (34) 0 0 (329)

Translation adjustement 0 (853) (253) (22) 0 0 (1,128)

Other movements, including transfers 0 0 5,830 184 (4,570) 0 1,444

31 December 2020 223,900 56,837 77,839 10,888 4,153 155,582 529,199

Accumulated amortization and impairment Brands and other intangible assets (Euro/000) Brands Key money Software

Other intangible

assets

Assets in progress and

advances Goodwill Total

1 January 2020 0 (37,177) (31,193) (7,921) 0 0 (76,291)

Amortization 0 (4,978) (9,831) (865) 0 0 (15,674)

Disposals 0 0 6 32 0 0 38

Translation adjustement 0 422 183 13 0 0 618

Other movements, including transfers 0 0 0 0 0 0 0

31 December 2020 0 (41,733) (40,835) (8,741) 0 0 (91,309)

Gross value Brands and other intangible assets (Euro/000) Brands Key money Software

Other intangible

assets

Assets in progress and

advances Goodwill Total

1 January 2019 223,900 56,866 39,611 9,282 1,461 155,582 486,702

Acquisitions 0 0 17,459 857 5,293 0 23,609

Disposals 0 (59) (14) (29) 0 0 (102)

Translation adjustement 0 883 71 (32) 0 0 922

Other movements, including transfers 0 0 1,470 0 (1,338) 0 132

31 December 2019 223,900 57,690 58,597 10,078 5,416 155,582 511,263

Accumulated amortization and impairment Brands and other intangible assets (Euro/000) Brands Key money Software

Other intangible

assets

Assets in progress and

advances Goodwill Total

1 January 2019 0 (31,210) (24,359) (6,731) 0 0 (62,300)

Depreciation 0 (5,551) (6,790) (1,250) 0 0 (13,591)

Disposals 0 12 12 43 0 0 67

Translation adjustement 0 (428) (56) 17 0 0 (467)

Other movements, including transfers 0 0 0 0 0 0 0

31 December 2019 0 (37,177) (31,193) (7,921) 0 0 (76,291)