Moncler Group | Annual Report 2024 Consolidated Financial Statements 374 |
The changes related to the right of use assets arising
from the application of the IFRS 16 are reported here below:
The increases in 2024 refer to new lease agreements for the
opening or relocation of retail stores and the renewal of existing
lease agreements, mainly in the AMERICAS, APAC and
EMEA regions.
In addition to the above mentioned ef fect arising from
the application of the IFRS 16, the changes in property plant
and equipment in 2024 show an increase in gross value
of the items plant and equipment, f ixture and f ittings,
leasehold improvements and assets in progress and advances:
all of these items are mainly related to the development of
the distribution network and the investments for the expansion
of the production sites
Please refer to the Directors report for an analysis of
investments made during the year
Based on the business performance recorded in the periods
under analysis and the updated forecasts of future trends
no potential indicators of impairment were identif ied
and no specif ic impairment tests were performed on these items
ACCUMULATED DEPRECIATION AND IMPAIRMENT PPE
EUR/000 Land and
buildings
Plant and
Equipment
Fixtures and
f ittings
Leasehold
improvements
Other f ixed
assets
Assets in
progress and
advances
TOTAL
1 January 2023(495,760)(31,687)(120,239)(245,381)(32,715)0(925,782)
Depreciation(180,504)(7,571)(18,077)(52,490)(6,672)0(265,314)
Disposals 11,172 611 4,306 11,116 874 0 28,079
Changes in
consolidation area
0 0(3)3 0 0 0
Translation
adjustement
15,354(20)1,894 8,418 323 0 25,969
Other movements,
including transfers
1,472(19)2 11 152 0 1,618
31 DECEMBER 2023(648,266)(38,686)(132,117)(278,323)(38,038)0(1,135,430)
RIGHT OF USE ASSETS
EUR/000 Land and buildings Other f ixed assets TOTAL
1 January 2024 735,510 1,991 737,501
Acquisitions 299,389 2,102 301,491
Disposals(10,977)(46)(11,023)
Depreciation(187,284)(1,691)(188,975)
Translation adjustement 9,177 2 9,179
31 DECEMBER 2024 845,815 2,358 848,173
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