Moncler Group | Annual Report 2024 Consolidated Financial Statements 382 Moncler Group | Annual Report 2024 Consolidated Financial Statements 383
5.12 Other current and non-current liabilities
The caption taxes payable includes mainly value added tax (VAT)
and payroll tax withholding.
5.13 Tax assets and liabilities
Ta
x assets amounted to EUR 12.2 million as at 31 December 2024
(EUR 9.3 million as at 31 December 2023).
Tax liabilities amounted to EUR 136.2 million as at 31
December 2024 (EUR 134.5 million as at 31 December 2023).
T
hey are recognised net of current tax assets, where the of fsetting
relates to the same tax jurisdiction and tax system.
Please note that the subsidiary Industries S.p.A. received
in 2023 a Tax Assessment Notice related to the 2017 f inancial
year, which reports some f indings related to transfer price
methodologies, which ref lect the same included in the previous
notice relating to the 2016 f inancial year. A discussion
on the same issues has been started with the Italian Revenue
Agency on the 2018 f inancial year. The Company believes
that the f indings raised are unfounded and has therefore
taken action in the appropriate forums to protect its position
and, also supported by the opinion of the primary consultants
in charge, is conf ident that the correctness of its actions
will emerge as a result of the dispute initiated. With reference
to the tax audit related to 2016 and 2017 f inancial years
please note that in order to limit the ef fects of a possible double
taxation the Mutual Agreement Procedures have been
activated in the countries involved
OTHER CURRENT AND NON-CURRENT LIABILITIES
EUR/000 31 December 2024 31 December 2023
Deferred income and accrued expenses — current 631 699
Advances and payments on account to customers 21,528 23,636
Employee and social institutions 78,429 78,575
Tax accounts payable, excluding income taxes 34,621 36,978
Other current payables 10,255 13,024
OTHER CURRENT LIABILITIES 145,464 152,912
DEFERRED INCOME AND ACCRUED EXPENSES — NON-CURRENT 73 103
OTHER NON-CURRENT LIABILITIES 73 103
TOTAL 145,537 153,015
5.14 Non-current provisions
Provision changes are shown in the following table:
The caption other non current contingencies includes costs
f
or
restoring stores, costs associated with ongoing disputes
and
product warranty costs.
The accrual for tax litigations made in previous years
concerns research and development tax credits relating to
the years 2015–2019, accrued on the basis of RM n. 41 of 26 July
2022, in which the Italian Revenue Agency revised its position
regarding eligibility for the benef it. With reference to this item, the
parent company Moncler S.p.A. and the subsidiary Sportswear
Company S.p.A decided for the partial repayment of this tax credit
for an amount equal to EUR 8.8 million, releasing the residual
amount to the income statement.
5.15 Pension funds and agents leaving indemnities
Pension funds and agents leaving indemnities as at 31 December
2024 are detailed in the following table:
PROVISION FOR CONTINGENCIES AND LOSSES
EUR/000 1 January 2024 Increase Decrease Translation
differences
Other movements 31 December 2024
Tax litigations(11,164)0 11,134 0 0(30)
Other non current
contingencies
(16,526)(6,422)2,423(104)(2,169)(22,798)
TOTAL(27,690)(6,422)13,557(104)(2,169)(22,828)
PROVISION FOR CONTINGENCIES AND LOSSES
EUR/000 1 January 2023 Increase Decrease Translation
differences
Other movements 31 December 2023
Tax litigations(11,164)0 0 0 0(11,164)
Other non current
contingencies
(16,097)(1,724)1,656 736(1,097)(16,526)
TOTAL(27,261)(1,724)1,656 736(1,097)(27,690)
EMPLOYEES PENSION FUNDS
EUR/000 1 January 2024 Increase Decrease Translation
differences
Other movements 31 December 2024
Pension funds76551663973 2171058233
Agents leaving
indemnities
44890 840 0 03649
TOTAL1214416631813 21710511882
EMPLOYEES PENSION FUNDS
EUR000 1 January 2023 Increase Decrease Translation
differences
Other movements 31 December 2023
Pension funds66181791567 171 167655
Agents leaving
indemnities
541810371966 0 04489
TOTAL1203628282533 171 1612144