Moncler Group | Annual Report 2024 Consolidated Financial Statements 342  | 

Consolidated statement of cash f lows

EUR/000 2024 of which

related parties

2023 of which

related parties

CASH FLOW FROM OPERATING ACTIVITIES

Consolidated result 639,596 611,902

Depreciation and amortization 306,844 291,700

Net f inancial (income)/expenses 6,515 23,204

Equity-settled share-based payment transactions 46,954 39,966

Income tax expenses 270,213 258,733

Changes in inventories — (Increase)/Decrease (13,801) (72,862)

Changes in trade receivables — (Increase)/Decrease (3,676)4,109(47,934)15,644

Changes in trade payables — Increase/(Decrease) (1,169)(38,543)67,282 27,895

Changes in other current assets/liabilities (15,444)(1,388)23,565 2,229

CASH FLOW GENERATED/(ABSORBED) FROM OPERATING ACTIVITIES 1,236,032 1,195,556

Interest and other bank charges received 26,338 8,334

Income tax paid (263,236)(285,112)

Changes in other non-current assets/liabilities (9,628)(3,913)

NET CASH FLOW FROM OPERATING ACTIVITIES (A)989,506 914,865

CASH FLOW FROM INVESTING ACTIVITIES

Purchase of tangible and intangible f ixed assets (195,195)(176,423)

Proceeds from sale of tangible and intangible f ixed assets 8,520 2,355

Net investments in government bonds and short term bank deposit (80,753)(68,605)

NET CASH FLOW FROM INVESTING ACTIVITIES (B)(267,428)(242,673)

CASH FLOW FROM FINANCING ACTIVITIES

Repayment of borrowings (1,513)(8,197)

Repayment of current and non-current lease liabilities (210,715)(200,796)

Short-term borrowings variation (11,931)(15,584)

Dividends paid to shareholders (311,014)(303,443)

NET CASH FLOW FROM FINANCING ACTIVITIES (C)(535,173)(528,020)

NET INCREASE/(DECREASE) IN CASH

AND CASH EQUIVALENTS (A)+(B)+(C)

186,905 144,172

CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD 998,799 882,254

Effect of exchange rate changes 2,268(27,627)

Net increase/(decrease) in cash and cash equivalents 186,905 144,172

CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD 1,187,972 998,799

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