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Moncler Group | Annual Report 2024 Separate Financial Statements 452  | 

7. Information about f inancial risks

The Company's f inancial instruments include cash and cash

e

quivalents, loans, receivables and trade payables

a

nd other current receivables and payables and non-current

assets as well as derivatives.

The Company is mostly exposed to interest rate risk,

liquidity risk and capital risk.

Market risk

Exchange rate risk

The Company operated mostly with companies in euros

and,

as such, the exposure to exchange rate risk is limited.

As at 31 December 2024, a small portion of the Company’s assets

and liabilities (i.e. trade receivables and payables) were

denominated in a currency dif ferent from its functional currency.

Interest rate risk

The Company’s exposure to interest rate risk during 2024

is connected mostly to changes in interest rates relate

to outstanding loans.

As at 31 December 2024 the Company had no bank loans

and therefore there were no interest rate hedges, consequently

any changes in interest rates at the year-end date would

not have signif icant ef fects on the result of the year.

The Company is not exposed to changes in currency

interest rates.

Credit risk

The Company has no signif icant concentrations of credit risk

with companies that are not part of the Group. The maximum

ex

posure to credit risk is represented by the amount reported

in the f inancial statements.

As far as the credit risk arising from other f inancial

assets (including cash, short-term bank deposits and some f inancial

derivative instruments) is concerned, the credit risk for

the Company arises from default of the counterparty with

a maximum exposure equal to the carrying amount

of f inancial assets recorded in the f inancial statements

Liquidity risk

Liquidity risk arises from the ability to obtain f inancial resources

at a sustainable cost in order for the Group to conduct its daily

business operations. The factors that inf luence this risk are related

to the resources generated/absorbed by operating activities,

by investing and f inancing activities and by availability of funds

in the f inancial market.

Management believes that the f inancial resources available

today, along with those that are generated by the current

operations will enable the Company to achieve its objectives

and to meet its investment needs and the repayment of its debt

at the agreed upon maturity date.

Operating and capital management risks

In the management of operating risk, the Company’s main

objective is to manage the risks associated with the development

of business in foreign markets that are subject to specif ic

laws and regulations.

The Group has implemented guidelines in the following areas:

•appropriate level of segregation of duties;

•reconciliation and constant monitoring

of signif icant transactions;

•documentation of controls and procedures;

•technical and professional training of employees;

•periodic assessment of corporate risks

and identif ication of corrective actions.

As far as the capital management risk is concerned,

the Company's objectives are aimed at the going concern issue

in order to ensure a fair economic return to shareholders

and other stakeholders while maintaining a good rating

in the capital debt market. The Company manages its capital

structure and makes adjustments in line with changes in general

economic conditions and with the strategic objectives.

.

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