Moncler Group | Annual Report 2024 Consolidated Financial Statements 378 Moncler Group | Annual Report 2024 Consolidated Financial Statements 379
The taxable amount on which deferred tax assets have been
calculated is detailed in the following table:
5.6 Inventory
As at 31 December 2024 Inventory amounted to EUR 470.1 million
(EUR 453.2 million as at 31 December 2023) and is broken down
as follows:
Inventory gross amount increased by approximately
EUR 644 million 90 and mainly included raw materials
and f inished products for the forthcoming seasons
DEFERRED TAX ASSETS AND LIABILITIES
EUR/000 Taxable Amount 2024 Closing balance
31 December 2024
Taxable Amount 2023 Closing balance
31 December 2023
Tangible and intangible assets 106,840 27,561 105,883 27,597
Inventories 810,473 201,781 725,407 180,685
Trade receivables 6,528 1,824 15,860 4,372
Derivatives 4,440 1,069 1,119 269
Employee benef its 17,252 4,418 13,892 3,548
Provisions 88,354 25,612 69,542 20,060
Trade payables 29,984 8,423 28,545 7,981
Other temporary items 55,671 13,710 25,799 6,789
Tax loss carried forward 11,512 2,382 3,896 896
TAX ASSETS 1,131,054 286,780 989,943 252,197
Tangible and intangible assets (370,786)(99,565)(218,050)(56,437)
Financial assets (1,264)(303)(1,264)(303)
Inventories (8,512)(2,377)945 263
Derivatives (2,175)(522)(2,210)(530)
Employee benef its (98)(24)(57)(14)
Provisions 0 0 0 0
Trade payables (872)(238)(18,464)(5,197)
Other temporary items (1,009)(253)(3,103)(816)
Tax loss carried forward 0 0 0 0
TAX LIABILITIES(384,716)(103,282)(242,203)(63,034)
NET DEFERRED TAX ASSETS (LIABILITIES)746,338 183,498 747,740 189,163
INVENTORY
EUR/000 31 December 2024 31 December 2023
Raw materials 161,512 141,913
Workinprogress 59876 54173
Finished products 558659 519529
INVENTORIES GROSS 780047 715615
OBSOLESCENCE PROVISION309967262437
TOTAL 470080 453178
The obsolescence provision was calculated using management’s
best estimate based on the season needs and the inventory
balance based on passed sales trends through alternative channels
and future sales volumes. This assumption is expressed dif ferently
for the Regions in which the Group operates, taking into account
the characteristics of each market.
The change in the obsolescence provision is summarised
in the following table:
5.7 Trade receivables
As at 31 December 2024 Trade receivables amounted
to EUR 326.4 million (EUR 325.6 million as at 31 December 2023)
and they are as follows:
Trade receivables are mainly related to the Group’s wholesale
and concession business and they include balances
with a collection time not greater than three months.
During 2024 and 2023, there were no concentration of credit
risk greater than 10% associated to individual customers.
Please refer to note 91 for information regarding the exposure
of trade receivables to currency risks
OBSOLESCENCE PROVISION — MOVEMENTS
EUR/000 1 January 2024 Other movements Accrued Used Translation
Difference
31 December 2024
Obsolescence
provision
(262,437)0(87,449)41,647(1,728)(309,967)
OBSOLESCENCE PROVISION — MOVEMENTS
EUR/000 1 January 2023 Other movements Accrued Used Translation
Difference
31 December 2023
Obsolescence
provision
(241,829)0(63,917)36,915 6,394(262,437)
TRADE RECEIVABLES
EUR/000 31 December 2024 31 December 2023
Trade account receivables 341,782 341,155
Allowance for doubtful debt(15,267)(14,764)
Allowance for discounts(133)(783)
TOTAL, NET VALUE 326,382 325,608