MONCLER ANNUAL REPORT AT 31 DECEMBER 2020CONSOLIDATED FINANCIAL STATEMENTS 7978
CONSOLIDATED INCOME STATEMENT
(*) Include stock-based compensation. For further details, please refer to the relative notes.
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
Consolidated income statement (Euro/000) Notes 2020
of which related parties
(note 10.1) 2019
of which related parties
(note 10.1)
Revenue 4.1 1,440,409 1,198 1,627,704 1,252
Cost of sales 4.2 (350,775) (11,849) (362,424) (17,935)
Gross margin 1,089,634 1,265,280
Selling expenses (*) 4.3 (463,583) (1,857) (488,759) (1,985)
General and administrative expenses (*) 4.4 (173,444) (14,021) (171,570) (18,048)
Marketing expenses 4.5 (83,786) (113,152)
Operating result 4.6 368,821 491,799
Financial income 4.7 759 1,238
Financial expenses 4.7 (24,061) (22,310)
Result before taxes 345,519 470,727
Income taxes 4.8 (45,153) (112,032)
Net Result including Minority 300,366 358,695
Non-controlling interests (15) (10)
Net result, Group share 300,351 358,685
Earnings per share (unit of Euro) 5.16 1.19 1.42
Diluited earnings per share (unit of Euro) 5.16 1.18 1.42
Consolidated statement of comprehensive income (Euro/000) Notes 2020 2019
Net profit (loss) for the period 300,366 358,695
Gains/(Losses) on fair value of hedge derivatives 5.16 2,916 1,651
Gains/(Losses) on exchange differences on translating foreign operations 5.16 (15,313) 3,196
Items that are or may be reclassified to profit or loss (12,397) 4,847
Other Gains/(Losses) 5.16 (143) (121)
Items that will never be reclassified to profit or loss (143) (121)
Other comprehensive income/(loss), net of tax (12,540) 4,726
Total Comprehensive income/(loss) 287,826 363,421
Attributable to: Group Non controlling interests
287,817 9
363,410 11
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
Consolidated statement of financial position (Euro/000) Notes
31 December 2020
of which related parties
(note 10.1) 31 December
2019
of which related parties
(note 10.1)
Brands and other intangible assets - net 5.1 282,308 279,390
Goodwill 5.1 155,582 155,582
Property, plant and equipment - net 5.3 802,987 806,540
Other non-current assets 5.9 33,523 30,457
Deferred tax assets 5.4 150,832 129,134
Non-current assets 1,425,232 1,401,103
Inventory 5.5 202,770 208,868
Trade account receivables 5.6 174,144 11,205 167,919 15,607
Tax assets 5.12 5,089 1,582
Other current assets 5.9 21,086 23,758
Financial current assets 5.8 4,793 3,120
Cash and cash equivalent 5.7 923,498 759,073
Current assets 1,331,380 1,164,320
Total assets 2,756,612 2,565,423
Share capital 5.16 51,671 51,596
Share premium reserve 5.16 173,374 172,272
Other reserves 5.16 1,101,652 723,735
Net result, Group share 5.16 300,351 358,685
Equity, Group share 1,627,048 1,306,288
Non controlling interests 89 80
Equity 1,627,137 1,306,368
Long-term borrowings 5.15 562,844 611,997
Provisions non-current 5.13 12,949 10,703
Pension funds and agents leaving indemnities 5.14 7,186 6,436
Deferred tax liabilities 5.4 6,396 68,710
Other non-current liabilities 5.11 142 223
Non-current liabilities 589,517 698,069
Short-term borrowings 5.15 150,423 126,781
Trade account payables 5.10 211,903 15,851 248,621 20,906
Tax liabilities 5.12 93,622 98,450
Other current liabilities 5.11 84,010 589 87,134 3,994
Current liabilities 539,958 560,986
Total liabilities and equity 2,756,612 2,565,423