Moncler Group | Annual Report 2024 Separate Financial Statements 444 Moncler Group | Annual Report 2024 Separate Financial Statements 445
Changes in deferred tax assets and deferred tax liabilities
are detailed in the following table:
The taxable amount on which deferred tax has been calculated
is detailed in the following table:
DEFERRED TAX ASSETS (LIABILITIES)
EUR/000 Opening balance
1 January 2024
Taxes charged
to the income
statement
Taxes accounted
for in Equity
Other movements Closing balance
31 December 2024
Tangible assets 1 0 0 0 1
Employee benef its 34 0 0 0 34
Provisions 0 456 0 0 456
Other temporary items 1,824 1,811 0 0 3,635
TAX ASSETS 1,859 2,267 0 0 4,126
Intangible assets (47,022)(44,522)0 0(91,544)
Financial assets (2,415)0 0 0(2,415)
TAX LIABILITIES(49,437)(44,522)0 0(93,959)
NET DEFERRED TAX ASSETS (LIABILITIES)(47,578)(42,255)0 0(89,833)
DEFERRED TAX ASSETS (LIABILITIES)
EUR/000 Opening balance
1 January 2023
Taxes charged
to the income
statement
Taxes accounted
for in Equity
Other movements Closing balance
31 December 2023
Tangible assets 0 1 0 0 1
Employee benef its 34 0 0 0 34
Other temporary items 1,924(101)0 1 1,824
TAX ASSETS 1,958(100)0 1 1,859
Intangible assets (2,500)(44,522)0 0(47,022)
Financial assets (2,415)0 0 0(2,415)
TAX LIABILITIES(4,915)(44,522)0 0(49,437)
NET DEFERRED TAX ASSETS (LIABILITIES)(2,957)(44,622)0 1(47,578)
DEFERRED TAX ASSETS (LIABILITIES)
EUR/000 Taxable Amount 2024 Closing balance
31 December 2024
Taxable Amount 2023 Closing balance
31 December 2023
Tangible assets 3 1 4 1
Employee benef its 143 34 143 34
Provisions 1900 456 0 0
Other temporary items 15143 3635 7597 1824
TAX ASSETS 17189 4126 7744 1859
Intangible assets 3281159154416853847022
Financial assets 100642415100642415
TAX LIABILITIES3381799395917860249437
NET DEFERRED TAX ASSETS LIABILITIES3209908983317085847578
The main change of the item deferred tax liabilities refers
to the recognition of deferred tax liabilities on trademarks
following the tax realignment operations.
The caption other temporary items mainly refers
to the Directors’ remunerations.
4.6 Trade receivables
Trade receivables are originated from the marketing
and
communication operations of the Company related
to the brand development and Group operations and are
mostly considered intercompany transactions.
There are no trade receivables with a due date greater
than f ive years. There is no dif ference between the book
value and the fair value of trade receivables.
Trade receivables from Group companies mainly relates
to the receivable from the subsidiaries Industries S.p.A.
and Sportswear Company S.p.A. resulting from the royalties
for the use of the Moncler and Stone Island trademarks.
These receivables do not present collectability risks.
4.7 Cash and cash equivalent
As at 31 December 2024, the caption cash and cash equivalent
amounted to EUR 130,655 thousand (EUR 964 thousand
as at 31 December 2023) and includes funds available
a
t banks. Please refer to the statement of cash f lows for further
information related to cash f luctuation.
48 Intragroup f inancial receivables
The f inancial receivables item amounting to EUR 104442
thousand relates to the f inancial receivable from the subsidiary
Industries SpA for cash pooling
TRADE RECEIVABLES
EUR/000 31 December 2024 31 December 2023
Trade receivables, third parties 969 1,535
Trade receivables, intra-group 67,876 96,772
TOTAL, NET VALUE 68,845 98,307
CASH AND CASH EQUIVALENTS INCLUDED IN THE STATEMENT OF CASH FLOW
EUR/000 31 December 2024 31 December 2023
Cash in hand and at the bank 130655 964
TOTAL 130655 964