MONCLER ANNUAL REPORT AT 31 DECEMBER 2020CONSOLIDATED FINANCIAL STATEMENTS 123122
6.
SEGMENT INFORMATION For the purposes of IFRS 8 Operating Segments, the Group s activity is part of a single operating segment referred to Moncler business.
7.
COMMITMENTS AND GUARANTEES GIVEN 7.1. COMMITMENTS
The Group s commitments pertain mostly to lease agreements related to temporary stores and pop-up stores with a term of less than one year, which therefore do not fall within the scope of application of IFRS 16. As at 31 December 2020, the amount due for these contracts was equal to 68 thousand euros (221 thousand euros in 2019).
7.2. GUARANTEES GIVEN
As at 31 December 2020 the Group had given the following guarantees:
Guarantees pertain mainly to lease agreements for the new stores.
Guarantees and bails given (Euro/000) 31 December 2020 31 December 2019
Guarantees and bails given for the benefit of:
Third parties/companies 27,230 26,859
Total guarantees and bails given 27,230 26,859
