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Moncler Group | Annual Report 2024 Separate Financial Statements 424  | 

1.1 Moncler S.p.A.

Moncler S.p.A. (the “Company” or “Moncler”) is a company

established and domiciled in Italy, with its registered of f ice

located at Via Stendhal 47 Milan, Italy, and registration number

of 04642290961.

The Company is de-facto indirectly controlled by

Remo Ruf f ini through Ruf f ini Partecipazioni Holding S.r.l. (RPH)

and Double R S.r.l. (DR): more specif ically,

Remo Ruf f ini owns the entire share capital of RPH, a company

controlling DR which, in turn, as of 31 December 2024

holds a shareholding representing 16.5% of the share capital

of Moncler S.p.A.

It is t

he Parent Company for the Moncler Group (hereinafter

referred to as the “Group") and 52 other subsidiaries.

The main activity of the Company is the Moncler and

Stone Island brands m

anagement, including increasing awareness

through dedicated communication and marketing campaigns.

The Moncler Group companies run their businesses

in accordance with the guidelines and the strategies set

up by Moncler’s Board of Directors.

The Company also prepares the Consolidated Financial

Statements and the Management Report is a single document

as permitted by Article 40/2 bis (B), Leg. Decree 127/91.

1.2 Basis for the preparation

of the separate f inancial statements

1.2.1 Relevant accounting principles

The 2024 separate f inancial statements (“f inancial statements”)

have been prepared in accordance with International

Financial Reporting Standards (“IFRS") issued

by the International Accounting Standards Board (“IASB")

and endorsed by the European Union. IFRS also includes

all International Accounting Standards (“IAS")

and interpretations of the International Financial Reporting

Interpretations Committee (“IFRIC"), previously known

as the Standing Interpretations Committee SIC

The f inancial statements include the statement

of f inancial position the income statement the statement

of comprehensive income the statement of changes in equity

the statement of cash f lows and the explanatory notes

to the f inancial statements

122 Presentation of the f inancial statements

T

he Company presents its income statement by destination

the method that is considered most representative for

the business at hand This method is in fact consistent with the

internal reporting and management of the business

With reference to the statement of f inancial position a basis

of presentation has been chosen which makes a distinction

between current and non-current assets and liabilities,

in ac

cordance with the provisions of paragraph 60 and thereafter

of IAS 1.

The statement of cash f lows is prepared under the

indirect method.

1.2.3 Basis for measurement

The f inancial statements have been prepared on the historical

cost basis except for the measurement of certain f inancial

instruments (i.e. derivative measured at fair value in accordance

with IFRS 9) and on a going concern basis.

The f inancial statements are presented in thousand

euros, which is the functional currency of the markets where

the Company mainly operates.

The explanatory notes have been prepared in thousands

of Euros unless stated otherwise.

1.2.4 Directors’ assessment on the assumption of

business continuity

Based on the results of the current year and forecasts

for

future years, the management believes that there are no factors

rendering business continuity uncertain. In particular,

the Companies's f inancial strength and its cash and cash

equivalents at the end of the year guarantee a high level

of f inancial independence to support Moncler's operational needs

and development programmes. For 2025, business operations

are fully guaranteed,

both in terms of product of ferings across

the various markets

and distribution channels and in the ability

to manage and organise business activities.

1.2.5 Use of estimates and valuations

The preparation of the f inancial statements and the related

explanatory notes in conformity with IFRS requires that

management makes estimates and assumptions that af fect

the reported amounts of assets and liabilities and disclosure

of contingent assets and liabilities at the reporting date.

The actual results could dif fer from those estimates

The estimates and underlying assumptions are reviewed

periodically and any variation is ref lected in the income statement

in the period in which the estimate is revised if the revision

af fects only that period or even in subsequent periods

if the revision af fects both current and future periods

In the event that managements estimate and judgment

have a signif icant impact on the amounts recognised

in the f inancial statements or in case that there is a risk of future

adjustments on the amounts recognised for assets

and liabilities in the period immediately after the reporting date

the following notes will include the relevant information

1. General information

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