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Moncler Group | Annual Report 2024 Consolidated Financial Statements 370 Moncler Group | Annual Report 2024 Consolidated Financial Statements 371

5. Comments on the consolidated statement

of f inancial position

5.1 Goodwill, brands and other intangible assets

Intangible assets changes are shown in the following tables:

As at 31 December 2024

BRANDS AND OTHER INTANGIBLE ASSETS 31 December 2024 31 December 2023

EUR/000 Gross value Accumulated

amortization and

impairment

Net value Net value

Brands 999,354 0 999,354 999,354

Licence rights 12(12)0 0

Key money 65,733(56,876)8,857 11,758

Software 203,961(119,984)83,977 70,969

Other intangible assets 35,800(32,360)3,440 2,740

Assets in progress 11,156 0 11,156 11,652

Goodwill 603,417 0 603,417 603,417

TOTAL 1,919,433(209,232)1,710,201 1,699,890

GROSS VALUE BRANDS AND OTHER INTANGIBLE ASSETS

EUR/000 Brands Licence rights Key money Software Other

intangible

assets

Assets in

progress and

advances

Goodwill TOTAL

1 January 2024 999,354 12 67,939 169,096 34,102 11,652 603,417 1,885,572

Acquisitions 0 0 0 32,890 2,284 9,063 0 44,237

Disposals 0 0 0(257)(222)0 0(479)

Translation

adjustement

0 0 187 248(1)62 0 496

Other movements,

including transfers

0 0(2,393)1,984(363)(9,621)0(10,393)

31 DECEMBER 2024 999,354 12 65,733 203,961 35,800 11,156 603,417 1,919,433

ACCUMULATED AMORTIZATION AND IMPAIRMENT BRANDS AND OTHER INTANGIBLE ASSETS

EUR/000 Brands Licence rights Key money Software Other

intangible

assets

Assets in

progress and

advances

Goodwill TOTAL

1 January 2024 0(12)(56,181)(98,127)(31,362)0 0(185,682)

Amortization 0 0(2,948)(27,146)(1,444)0 0(31,538)

Disposals 0 0 0 45 57 0 0 102

Translation

adjustement

0 0149741 0 0222

Other movements

including transfers

0 0 2402 5318 388 0 0 8108

31 DECEMBER 2024 01256876119984323600 0209232

As at 31 December 2024

The increase in the caption software pertained to the investments

in information technology to support the business and the

corporate functions.

Please refer to the Directors’ report for additional information

related to investments made during the year.

5.2 Impairment of intangible assets

with an indef inite useful life and goodwill

The captions Brands, Other intangible f ixed assets with an

indef inite useful life and Goodwill deriving from

previous

acquisitions have not been amortised but have been tested

for impairment by management

The impairment tests on the Moncler brand and on the

Stone Island brand were performed by comparing its

carrying

value with that derived from the discounted cash f low

method applying the Royalty Relief Method based on

which the cash f lows are linked to the recognition of a royalty

percentage applied to revenues that the brand is able to generate

The recoverable amount of Moncler goodwill and

of Stone Island goodwill have been tested based on the asset side

approach which compares the value in use of the corresponding

group of cashgenerating unit with the carrying amount of its net

invested capital

ACCUMULATED AMORTIZATION AND IMPAIRMENT BRANDS AND OTHER INTANGIBLE ASSETS

EUR/000 Brands Licence rights Key money Software Other

intangible

assets

Assets in

progress and

advances

Goodwill TOTAL

1 January 2023 0(12)(60,521)(76,521)(30,484)0 0(167,538)

Depreciation 0 0(3,302)(22,091)(993)0 0(26,386)

Disposals 0 0 4,656 88 112 0 0 4,856

Translation

adjustement

0 0(110)396 3 0 0 289

Other movements,

including transfers

0 0 3,096 1 0 0 0 3,097

31 DECEMBER 2023 0(12)(56,181)(98,127)(31,362)0 0(185,682)

GROSS VALUE BRANDS AND OTHER INTANGIBLE ASSETS

EUR/000 Brands Licence rights Key money Software Other

intangible

assets

Assets in

progress and

advances

Goodwill TOTAL

1 January 2023 999,354 12 75,563 138,062 32,759 8,494 603,417 1,857,661

Acquisitions 0 0 0 27,777 1,371 8,628 0 37,776

Disposals 0 0(4,656)(137)(112)(1)0(4,906)

Changes in

consolidation area

0 0 0 42(42)0 0 0

Translation

adjustement

0 0 155(611)59(7)0(404)

Other movements,

including transfers

0 0(3,123)3,963 67(5,462)0(4,555)

31 DECEMBER 2023 999,354 12 67,939 169,096 34,102 11,652 603,417 1,885,572

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