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