MONCLER ANNUAL REPORT AT 31 DECEMBER 2020SEPARATE FINANCIAL STATEMENTS 145144
CASH FLOWS
On behalf of the Board of Directors
REMO RUFFINI
CHAIRMAN AND CHIEF EXECUTIVE OFFICER
Statement of cash flow (Euro) 2020
of which related parties
(note 8.1) 2019
of which related parties
(note 8.1)
Cash flow from operating activities
Net result of the period 173,929,732 157,649,576
Depreciation and amortization 1,147,967 1,364,532
Net financial (income)/expenses (67,772) 403,218
Equity-settled share-based payment transactions 7,858,405 6,163,059
Income tax expenses (14,949,883) 32,401,283
Changes in trade receivables - (Increase)/Decrease (75,238,156) (75,489,832) (6,029,034) (6,030,520)
Changes in trade payables - Increase/(Decrease) (3,848,195) 31,022 (698,048) (2,277,079)
Changes in other current assets/liabilities 312,860 (1,765,162) 450,808 51,503
Cash flow generated/(absorbed) from operating activities 89,144,958 191,705,394
Interest paid (342,356) (400,539)
Interest received 336,600 161,435
Income tax paid (89,382,904) (42,197,669)
Income tax received from fiscal consolidation 53,725,682 19,352,211
VAT received from Fiscal Consolidation (12,346,306) 12,077,211
Changes in other non-current assets/liabilities 348,527 113,790
Net cash flow from operating activities (a) 41,484,201 180,811,833
Cash flow from investing activities
Purchase of tangible and intangible fixed assets (830,916) (904,106)
Net cash flow from investing activities (b) (830,916) (904,106)
Cash flow from financing activities
Repayment of current and non-current lease liabilities (448,972) (328,291)
Short-term borrowings variation, other than bank borrowings (35,498,470) (35,498,470) (9,142,510) (9,142,510)
Transaction related to equity 0 (15,101,841)
Dividends paid to shareholders 0 (100,849,568)
Share Capital and reserves increase 1,116,022 686,280
Net cash flow from financing activities (c) (34,831,420) (124,735,930)
Net increase/(decrease) in cash and cash equivalents (a)+(b)+(c) 5,821,865 55,171,797
Cash and cash equivalents at the beginning of the period 56,471,518 1,299,721
Net increase/(decrease) in cash and cash equivalents 5,821,865 55,171,797
Cash and cash equivalents at the end of the period 62,293,383 56,471,518