Moncler Group | Annual Report 2024 Separate Financial Statements 446 Moncler Group | Annual Report 2024 Separate Financial Statements 447
4.9 Other current and non-current assets
The caption other current taxes consists mainly of the receivable
due from the tax authority related to IRES receivable for
personnel expenses not deducted for IRAP purposes as well
as the VAT receivable.
The caption other current assets, intra-group includes mainly
amounts related to the f iscal consolidation and VAT consolidation.
Deposits are mostly related to the amounts paid on behalf
of the lessee as a guarantee to the lease agreement.
There are no dif ferences between the amounts included
in the Consolidated Financial Statements and their fair values.
4.10 Trade payables
As at 31 December 2024, the caption trade payables pertains
mostly to marketing and communication services.
Details of the transactions with subsidiaries are provided
in the note 81 on related parties
OTHER CURRENT ASSETS
EUR/000 31 December 2024 31 December 2023
Advances on account to vendors 48 165
Prepaid expenses 4,907 117
Tax receivables excluding income taxes 1,453 281
Other current assets (297)47
Other current assets, intra-group 14,867 42,425
TOTAL OTHER CURRENT ASSETS 20,978 43,035
Security/guarantees deposits 99 99
Other non current assets 160 110
OTHER NON-CURRENT ASSETS 259 209
TOTAL 21,237 43,244
TRADE PAYABLES
EUR/000 31 December 2024 31 December 2023
Trade payables, third parties 29,728 38,162
Trade payables, intra-group 1,199 4,317
TOTAL 30,927 42,479
4.11 Other current liabilities
As at 31 December 2024, the caption other current liabilities
included the following:
As at 31 December 2024 the caption other current liabilities
intra-group mainly included the amounts related to the VAT
consolidation and as at 31 December 2023 also the amounts
related
to f iscal consolidation. For additional information please
see note 8.1.
4.12 Employees pension fund
As at 31 December 2024, the caption includes the employee
pension fund as detailed in the following table:
The actuarial valuation of employee termination benef its (TFR)
is based on the Projected Unit Credit Cost method. Reported
below are the main economic and demographic assumptions
utilised for actuarial valuations
OTHER CURRENT LIABILITIES
EUR/000 31 December 2024 31 December 2023
Directors and audit related payables 4,013 5,203
Amounts payable to employees and consultants 6,115 6,606
Employees taxation payables 2,426 1,890
Other current liabilities 2,350 3,920
Other current liabilities, intra-group 45,556 4,197
TOTAL 60,460 21,816
EMPLOYEES PENSION FUNDS — MOVEMENTS
EUR/000 31 December 2024 31 December 2023
Net recognized liability — opening 2,373 1,825
SPW Incorporation 0 0
Interest costs 76 75
Service costs 782 736
Payments(548)(214)
Actuarial (Gains)/Losses(46)(49)
NET RECOGNIZED LIABILITY — CLOSING 2,637 2,373
ASSUMPTIONS
Discount rate 315
Inf lation rate 200
Nominal rate of wage growth 200
Labour turnover rate 1410
Probability of request of advances of TFR 210
Percentage required in case of advance 7000
Life Table Male M2019
Life Table Female F2019
Table ISTAT resident population