Moncler Group | Annual Report 2024 Separate Financial Statements 438 Moncler Group | Annual Report 2024 Separate Financial Statements 439

3.5 Financial income and expenses

The caption is broken down as follows:

The item Interest expense mainly refers to interest accrued

on the loan received from the subsidiary Industries S.p.A.

In 2024 the company received dividends equal

to EUR 436,050 thousand (in 2023 the Company did not

receive dividends).

3.6 Income tax

The tax impact on the income statement is detailed as follows:

For the breakdown of deferred tax assets and liabilities by nature,

please see paragraph 4.5.

The reconciliation between the theoretical tax burden

by applying the theoretical rate of the Parent Company,

and the ef fective tax burden is shown in the following table:

The caption Other dif ferences includes current IRAP

EUR/000 2024 2023

Interest income and other f inancial income 2,534 700

Dividends 436,050 0

TOTAL FINANCIAL INCOME 438,584 700

Interests expenses and bank charges, excluded interests on lease liabilities(21,543)(24,566)

Foreign currency differences — negative(336)(228)

TOTAL FINANCIAL EXPENSES, EXCLUDED INTERESTS ON LEASE LIABILITIES(21,879)(24,794)

Total f inancial income/(expenses) excluded interests on lease liabilities 416,705(24,094)

Interests on lease liabilities(64)(84)

TOTAL FINANCIAL INCOME/(EXPENSES)416,641(24,178)

EUR/000 2024 2023

Current income taxes(47,790)(30,064)

Deferred tax income (expenses)(42,256)(44,622)

INCOME TAXES CHARGED IN THE INCOME STATEMENT(90,046)(74,686)

RECONCILIATION THEORETIC-EFFECTIVE TAX RATE

EUR/000 Taxable

Amount 2024

Tax Amount

2024

Tax rate 2024 Taxable

Amount 2023

Tax Amount

2023

Tax rate 2023

PROFIT BEFORE TAX 741932 270420

INCOME TAX USING THE COMPANYS THEORETIC

TAX RATE

178064240 64901240

Temporary differences 38025 51 38404142

Permanent differences 98755 133 4700

Other differences 451306352013

Deferred taxes recognised in the income statement 442496044622165

INCOME TAX AT EFFECTIVE TAX RATE 9004612174686276

4.1 Brands and other intangible assets

Intangible assets changes for the years 2024 and 2023

are shown in the following tables:

As at 31 December 2024

As at 31 December 2023

4. Comments on the statement of f inancial position

BRANDS AND OTHER

INTANGIBLE ASSETS

2024 2023

EUR/000 Gross value Accumulated depreciation

and impairment

Net value Net value

Brands 999,354 0 999,354 999,354

Software 737(567)170 117

Other intangible assets 12,729(9,800)2,929 2,391

Assets in progress 105 0 105 0

TOTAL 1,012,925(10,367)1,002,558 1,001,862

GROSS VALUE BRANDS AND OTHER INTANGIBLE ASSETS

EUR/000 Brands Software Other intangible assets Assets in progress

and advances

TOTAL

1 January 2024 999,354 641 11,010 0 1,011,005

Acquisitions 0 96 1,891 105 2,092

Disposals 0 0(172)0(172)

Impairment 0 0 0 0 0

Other movements, including transfers 0 0 0 0 0

31 DECEMBER 2024 999,354 737 12,729 105 1,012,925

ACCUMULATED AMORTIZATION BRANDS AND OTHER INTANGIBLE ASSETS

EUR/000 Brands Software Other intangible assets TOTAL

1 January 2024 0(524)(8,619)(9,143)

Depreciation 0(43)(1,233)(1,276)

Disposals 0 0 52 52

Other movements, including transfers 0 0 0 0

31 DECEMBER 2024 0(567)(9,800)(10,367)

GROSS VALUE BRANDS AND OTHER INTANGIBLE ASSETS

EUR000 Brands Software Other intangible assets TOTAL

1 January 2023 999354 641 9614 1009609

Acquisitions 0 0 1366 1366

Disposals 0 0 0 0

Impairment 0 0 0 0

Other movements including transfers 0 0 30 30

31 DECEMBER 2023 999354 641 11010 1011005