Moncler Group | Annual Report 2024 Separate Financial Statements 448 Moncler Group | Annual Report 2024 Separate Financial Statements 449

The following table shows the ef fect of variations,

within reasonable limits, in key actuarial assumptions

on def ined benef it plan obligations at year end.

4.13 Provisions non-current

The item Provisions non-current included the accrual for tax

litigations made in previous years for the research and

development tax credits referring to the years 2015

–

2019 allocated

on the basis of Resolution n. 41 of 26 July 2022, in which

the Italian Revenue Agency revises its position on eligibility

for the benef it. With reference to this item, in July 2024,

the parent company Moncler S.p.A. has decided for the partial

repayment of this tax credit for an amount equal

to EUR 7.7 million.

4.14 Financial liabilities

Borr

owings amounted to EUR 350455 thousand

EUR 655053

thousand in 2023 and mainly ref

er to the f inancial

debt with Industries SpA and to the f inancial lease liabilities

SENSITIVITY ANALYSIS

EUR/000 Variation

Discount rate (+0.5%)(77)

Discount rate (-0.5%)81

Rate of TFR payments Increases x (+0.5%)2

Rate of TFR payments Increases x (-0.5%)(2)

Rate of Price Inf lation Increases (+0.5%)62

Rate of Price Inf lation Decreases (-0.5%)(59)

Rate of Salary Increases (+0.5%)29

Rate of Salary Decreases (-0.5%)(28)

Increase the retirement age (+1 year)(0)

Decrease the retirement age (-1 year)0

Increase longevity (+1 year)(0)

Decrease longevity (-1 year)0

BORROWINGS

EUR/000 31 December 2024 31 December 2023

Short-term f inancial lease liabilities 210 934

Intra-group short-term borrowings 200,000 400,644

SHORTTERM BORROWINGS 200210 401578

Longterm f inancial lease liabilities 245 3475

Intragroup longterm borrowings 150000 250000

LONGTERM BORROWINGS 150245 253475

TOTAL 350455 655053

Financial lease liabilities are detailed in the following table:

The changes in f inancial lease liabilities during 2024

are reported in the following table:

The following table shows the breakdown of the long-term

borrowings in accordance with their maturity date:

The non-discounted cash f lows referring to the lease liabilities

are shown below:

415 Tax assets and liabilities

Tax assets amount to EUR 4772 thousand as at 31 December

2024 EUR 5365 thousand as at 31 December 2023

Tax liabilities amount to EUR 13969 thousand as at

31 December 2024 net of current tax assets EUR 1723

t

housand as at 31 December 2023 The balance pertains to IRES

and IRAP payable

FINANCIAL LEASE LIABILITIES

EUR/000

Short-term f inancial lease liabilities 210

Long-term f inancial lease liabilities 245

TOTAL 455

EUR/000 IFRS 16 Ex IAS17 Financial lease liabilities

1 January 2024 4,409 0 4,409

Net acquisitions(2,952)0(2,952)

Disposals(1,067)0(1,067)

Financial expenses 65 0 65

Other movements, including transfers 0 0 0

31 DECEMBER 2024 455 0 455

AGEING OF THE LONG-TERM BORROWINGS

EUR/000 31 December 2024 31 December 2023

Within 2 years 150,146 636

From 2 to 3 years 99 251,665

Beyond 5 years 0 1,174

TOTAL 150,245 253,475

AGEING OF THE LEASE LIABILITIES NOT DISCOUNTED

EUR/000 31 December 2024 31 December 2023

Within 1 year 220 997

From 1 to 5 years 252 2,441

Beyond 5 years 0 1193

TOTAL 472 4631