Moncler Group | Annual Report 2024 Separate Financial Statements 420  | 

Statement of cash f lows

EUR 2024 of which related

parties (note 8.1)

2023 of which related

parties (note 8.1)

CASH FLOW FROM OPERATING ACTIVITIES

Net result of the period 651,885,757 195,734,596

Depreciation and amortization 2,346,788 2,110,879

Net f inancial (income)/expenses (416,640,925) 24,177,727

Equity-settled share-based payment transactions 14,931,734 15,683,236

Income tax expenses 90,045,750 74,685,686

Changes in trade receivables — (Increase)/Decrease 29,463,625 28,896,864 15,291,068 14,916,284

Changes in trade payables — Increase/(Decrease) (11,888,333)(3,118,623)(6,162,133)(2,958,291)

Changes in other current assets/liabilities (8,471,142)(1,189,855)3,057,685 1,450,939

CASH FLOW GENERATED/(ABSORBED) FROM OPERATING ACTIVITIES 351,673,254 324,578,744

Interest paid (21,530,593) (24,574,432)

Interest received 2,533,600 699,909

Income tax paid (137,234,307) (181,811,354)

Income tax received from f iscal consolidation 142,674,667 142,674,667 81,378,952 81,378,952

VAT received from Fiscal Consolidation 20,756,616 20,756,616(10,075,846)(10,075,846)

Changes in other non-current assets/liabilities 721,991 528,191

NET CASH FLOW FROM OPERATING ACTIVITIES (A) 359,595,228 190,724,164

CASH FLOW FROM INVESTING ACTIVITIES

Purchase of tangible and intangible f ixed assets (2,312,047) (1,259,364)

Dividends received 436,049,930 0

NET CASH FLOW FROM INVESTING ACTIVITIES (B) 433,737,883 (1,259,364)

CASH FLOW FROM FINANCING ACTIVITIES

Repayment of current and non-current lease liabilities (1,067,540) (1,186,812)

Borrowings variation, other than bank borrowings (351,560,714)(351,560,714)103,163,893 103,163,893

Dividends paid to shareholders (311,014,039) (303,443,916)

NET CASH FLOW FROM FINANCING ACTIVITIES (C) (663,642,293) (201,466,835)

NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS (A)+(B)+(C) 129,690,818 (12,002,035)

CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD 964,147 12,966,182

NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS 129,690,818 (12,002,035)

CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD 130,654,965 964,147