Moncler Group | Annual Report 2024 Consolidated Financial Statements 388 |
per share of EUR 302.5 million distributed in 2023 (EUR 303.4
million dividends paid in 2023).
The change in the IFRS 2 reserve is due to the accounting
treatment of the performance share plans, i.e., to the recognition
of the f igurative cost for the period relating to these plans
and the reclassif ication to retained earnings of the cumulative
f igurative cost of the plans already closed.
The change in retained earnings mainly relates to the allocation
of 2023 result, the dividend distributions, t
he above-mentioned
reclassif ication of the IFRS 2 reserve and the adjustment to the
market value of the f inancial liabilities to non-banking third parties.
The caption FTA reserve includes the ef fects
of the initial application of the IFRS 16.
The caption other reserves includes other comprehensive
income comprising the exchange rate translation reserve
of f inancial statements reported in foreign currencies, the reserve
for hedging interest rate risks and exchange rates risks
and the reserve for actuarial gains/losses. The translation reserve
in
cludes the exchange dif ferences emerging from the conversion
of the f inancial statements of the foreign consolidated companies.
The hedging reserve includes the ef fective portion of the net
dif ferences accumulated in the fair value of the derivative hedge
instruments. Changes to these reserves were as follows:
OTHER COMPREHENSIVE INCOME Cumulative translation adj. reserve
EUR/000 Value before
tax effect
Tax effect Value after
tax effect
RESERVE AS AT 1 JANUARY 2023(11,514)0(11,514)
Changes in the period(28,780)0(28,780)
Translation differences
of the period
0 0 0
Reversal in the income statement
of the period
0 0 0
RESERVE AS AT 31 DECEMBER 2023(40,294)0(40,294)
RESERVE AS AT 1 JANUARY 2024(40,294)0(40,294)
Changes in the period(873)0(873)
Translation differences
of the period
0 0 0
Reversal in the income statement
of the period
0 0 0
RESERVE AS AT 31 DECEMBER 202441167041167
Other OCI items
Value before
tax effect
Tax effect Value after
tax effect
(733)174(559)
(6,416)1,542(4,874)
0 0 0
0 0 0
(7,149)1,716(5,433)
(7,149)1 .716(5,433)
(994)249(745)
0 0 0
0 0 0
814319656178
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