MONCLER ANNUAL REPORT AT 31 DECEMBER 2020SEPARATE FINANCIAL STATEMENTS 141140

COMPREHENSIVE INCOME

(*) Includes stock-based compensation. For further details, please refer to the relative note.

COMPREHENSIVE INCOME

Income statement (Euro) Notes 2020

of which related parties (note 8.1) 2019

of which related parties (note 8.1)

Revenue 3.1 238,601,274 237,971,274 273,339,505 272,386,074

General and administrative expenses (*) 3.2 (39,637,058) (7,197,557) (37,502,517) (9,963,598)

Marketing expenses 3.3 (40,052,139) 0 (45,382,911) (1,500)

Operating result 158,912,077 190,454,077

Financial income 3.5 420,336 331,968 161,435 156,198

Financial expenses 3.5 (352,564) (78,843) (564,653) (413,049)

Result before taxes 158,979,849 190,050,859

Income taxes 3.6 14,949,883 (32,401,283)

Net result 173,929,732 157,649,576

Statement of comprehensive income (Euro) Note 2020 2019

Net profit (loss) for the period 173,929,732 157,649,576

Gains/(Losses) on fair value of hedge derivatives 4.15 1 0

Items that are or may be reclassified to profit or loss 1 0

Actuarial Gains/(Losses) on pension funds 4.15 (90,275) 4,897

Items that will never be reclassified to profit or loss (90,275) 4,897

Other comprehensive income/(loss), net of tax (90,274) 4,897

Total Comprehensive income/(loss) 173,839,458 157,654,473

FINANCIAL POSITION

Statement of financial position (Euro) Notes 31 December 2020

of which related parties

(note 8.1) 31 December 2019

of which related parties

(note 8.1)

Brands and other intangible assets - net 4.1 225,634,820 225,507,083

Property, plant and equipment - net 4.3 1,400,751 1,716,504

Investments in subsidiaries 4.4 312,662,899 291,296,323

Other non-current assets 4.9 1,141,900 73,150

Deferred tax assets 4.5 1,429,224 456,837

Non-current assets 542,269,594 519,049,897

Trade accounts receivable 4.6 257,807 509,483

Intra-group accounts receivable 4.6 135,820,122 135,820,122 60,330,290 60,330,290

Other current assets 4.9 1,438,114 2,149,563

Other current assets intra-group 4.9 269,095 269,095 20,304,540 20,304,540

Intra-group financial receivables 4.8 54,438,695 54,438,695 18,940,225 18,940,225

Cash and cash equivalent 4.7 62,293,432 56,471,518

Current assets 254,517,265 158,705,619

Total assets 796,786,859 677,755,516

Share capital 4.15 51,670,525 51,595,905

Premium reserve 4.15 173,374,223 172,271,861

Other reserve 4.15 348,383,314 161,659,991

Net result 4.15 173,929,732 157,649,576

Equity 747,357,794 543,177,333

Long-term borrowings 4.13 993,514 1,221,055

Employees pension fund 4.12 1,618,516 1,141,015

Deferred tax liabilities 4.5 2,410,021 64,865,248

Non-current liabilities 5,022,051 67,227,318

Short-term borrowings 4.13 322,754 384,251

Trade accounts payable 4.10 16,111,947 18,991,164

Intra-group accounts payable 4.10 41,797 41,797 10,775 10,775

Tax liabilities 4.14 12,251,795 29,088,408

Other current liabilities 4.11 6,333,653 441,845 6,799,056 2,207,007

Other current liabilities intra-group 4.11 9,345,068 9,345,068 12,077,211 12,077,211

Current liabilities 44,407,014 67,350,865

Total liabilities and equity 796,786,859 677,755,516