Moncler Group | Annual Report 2024 Consolidated Financial Statements 380 Moncler Group | Annual Report 2024 Consolidated Financial Statements 381

The change in the allowance for doubtful debt and sales return

is detailed in the following tables:

The allowance for doubtful debt was calculated in accordance

with management’s best estimate based on the ageing of accounts

receivable as well as the solvency of the oldest accounts

and also taking into consideration any balances turned over into

collection proceedings. Trade receivables written down

are related to specif ic balances that were past due and for which

collection is uncertain. In addition, the bad debt provision

includes an estimate of the expected loss relating to trade

receivables “in bonis" to take into account the risks associated

with the economic context and also covers any risk of revocation

on trade receivables.

5.8 Cash and cash equivalent

As at 31 December 2024 the caption cash and cash equivalent

amounted to EUR 1.188.0 million (EUR 998.8 million

as at 31 December 2023) and includes cash and cash equivalents

mainly represented by the funds available at banks.

The amount included in the Consolidated Financial

S

tatements corresponds to the nominal value and represents

the fair value at the date of the f inancial statements.

The credit risk is in fact limited since the other parties are

class A f inancial institutions

The consolidated statement of cash f lows includes

the changes in cash and cash at banks which mainly include

cash and positive balances with banks

The following table shows the reconciliation between cash

and cash in bank with those included in the consolidated

statement of cash f lows

DOUBTFUL DEBT AND DISCOUNTS ALLOWANCE

EUR/000 1 January 2024 Changes in

consolidation area

Accrued Used Translation

Difference

31 December 2024

Allowance for doubtful debt(14,764)0(514)164(153)(15,267)

Allowance for discounts(783)0 0 658(8)(133)

TOTAL(15,547)0(514)822(161)(15,400)

DOUBTFUL DEBT AND DISCOUNTS ALLOWANCE

EUR/000 1 January 2023 Changes in

consolidation area

Accrued Used Translation

Difference

31 December 2023

Allowance for doubtful debt(15,009)0(280)433 92(14,764)

Allowance for discounts(132)0(654)0 3(783)

TOTAL(15,141)0(934)433 95(15,547)

CASH AND CASH EQUIVALENTS INCLUDED IN THE STATEMENT OF CASH FLOWS

EUR000 31 December 2024 31 December 2023

Cash on hand and at banks 1187978 998799

Bank overdraft and shortterm bank loans60

TOTAL 1187972 998799

5.9 Other current f inancial assets

The caption other current f inancial assets refers to the market

valuation of the existing derivative f inancial instruments to hedge

the

exchange rate risk equal to EUR 4.6 million (EUR 9.7 million

in 2023), the remunerated deposits with a maturity of over

3 months, equal to EUR 80.0 million and the government bonds

equal to Euro 69.4 million (EUR 68.6 million in 2023).

5.10 Other current and non-current assets

Other current receivables mainly comprise the receivable

due from the tax authority for value added tax.

Deposits are mostly related to the amounts paid on behalf

of the landlord as a guarantee to the lease agreement.

The caption investments in other companies includes

the stake in the Re.Crea consortium.

There are no dif ferences between the amounts included

in the Consolidated Financial Statements and their fair values.

5.11 Trade payables

As at 31 December 2024 Trade payables amounted to EUR 540.9

million (EUR 538.6 million as at 31 December 2023) and

included current payables due to suppliers for goods and services.

These payables pertained to amounts that are payable

within the upcoming year and did not include amounts that will

be paid after 12 months

In 2024 and 2023 there were no outstanding positions

associated to individual suppliers that exceed 10

of the total value

There are no dif ferences between the amounts included

in the Consolidated Financial Statements and their respective fair

values and there are no signif icant positions overdue

Please refer to note 91 for an analysis of trade payable

denominated in foreign currencies

OTHER CURRENT AND NON-CURRENT ASSETS

EUR/000 31 December 2024 31 December 2023

Prepayments and accrued income — current 20,773 15,909

Other current receivables 30,056 25,992

OTHER CURRENT ASSETS 50,829 41,901

Prepayments and accrued income — non-current 59 113

Security/guarantees deposits 46,522 43,454

Investments in other companies 160 110

Other non-current receivables 4,655 3,279

OTHER NON-CURRENT ASSETS 51,396 46,956

TOTAL 102,225 88,857