MONCLER ANNUAL REPORT AT 31 DECEMBER 2020CONSOLIDATED FINANCIAL STATEMENTS 133132
10.5. ATYPICAL AND/OR UNUSUAL TRANSACTIONS
It should be noted that during 2020 the Group did not enter into any atypical and/or unusual transactions.
10.6. FINANCIAL INSTRUMENTS
The following table shows the carrying amount and fair values of financial assets and financial liabilities, including their levels in the fair value hierarchy for financial instruments measured at fair value. It does not include fair value information for financial assets and financial liabilities not measured at fair value if the carrying amount is a reasonable approximation of fair value.
31 December 2020 (Euro/000) Current Non-current Fair value Level
Financial assets measured at fair value
Interest rate swap used for hedging - - -
Forward exchange contracts used for hedging 4,793 - 4,793 2
Sub-total 4,793 - 4,793
Financial assets not measured at fair value
Trade and other receivables (*) 174,144 33,036
Cash and cash equivalents (*) 923,498 -
Sub-total 1,097,642 33,036 -
Total 1,102,435 33,036 4,793
31 December 2019 (Euro/000) Current Non-current Fair value Level
Financial assets measured at fair value
Interest rate swap used for hedging - - -
Forward exchange contracts used for hedging 3.120 - 3.120 2
Sub-total 3.120 - 3.120
Financial assets not measured at fair value
Trade and other receivables (*) 167.919 30.113
Cash and cash equivalents (*) 759.073 -
Sub-total 926.992 30.113 -
Total 930.112 30.113 3.120
31 December 2020 (Euro/000) Current Non-current Fair value Level
Financial liabilities measured at fair value
Interest rate swap used for hedging - - - 2
Forward exchange contracts used for hedging (765) - (765) 2
Other financial liabilities (46,852) (25,338) (72,190) 3
Sub-total (47,617) (25,338) (72,955)
Financial liabilities not measured at fair value
Trade and other payables (*) (246,286) -
Bank overdrafts (*) (15) -
Short-term bank loans (*) - -
Bank loans (*) - - -
IFRS 16 financial loans (*) (102,791) (537,506) -
Sub-total (349,092) (537,506) -
Total (396,709) (562,844) (72,955)
(*) Such items refer to short-term financial assets and financial liabilities whose carrying value is a reasonable approximation of fair value, which was therefore not disclosed.
10.7. FEES PAID TO INDEPENDENT AUDITORS
Fees paid to independent auditors are summarised below:
10.8. DISCLOSURE PURSUANT TO ITALIAN LAW N. 124/2017
Pursuant to the requirements of Law no. 124/2017, in 2020 the company Moncler S.p.A. benefited from 2,349 thousand euros in tax credit relating to research and development for the year 2019, from 28 thousand euros in tax credit relating to sanitization and PPE and from 39 thousand euros in Art Bonus contribution, while the company Industries S.p.A. benefited from 28 thousand euros in tax credit relating to sanitization and PPE, from 319 thousand euros in tax credit on rents and received employee train- ing grants of 45 thousand euros from Fondimpresa. For the purposes of the above requirements and with regard to any other grants received falling among the cases provided for, reference is also made to the specific Italian national register, which can be consulted by the public.
31 December 2019 (Euro/000) Current Non-current Fair value Level
Financial liabilities measured at fair value
Interest rate swap used for hedging - - - 2
Forward exchange contracts used for hedging (3,020) - (3,020) 2
Other financial liabilities (18,235) (78,203) (96,438) 3
Sub-total (21,255) (78,203) (99,458)
Financial liabilities not measured at fair value
Trade and other payables (*) (278,576) -
Bank overdrafts (*) (3) -
Short-term bank loans (*) - -
Bank loans (*) - - -
IFRS 16 financial loans (*) (105,523) (533,794) -
Sub-total (384,102) (533,794) -
Total (405,357) (611,997) (99,458)
Audit and attestation services (Euro) Entity that has provided the service Fees 2020
Audit KPMG S.p.A. 405,983
Rete KPMG S.p.A. 204,761
Attestation services KPMG S.p.A. 120,260
Rete KPMG S.p.A. 2,000
Other services KPMG S.p.A. 32,543
Rete KPMG S.p.A. 513,934
Total 1,279,481
