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