5%
1%
20%
2%
61%
11%
Public Administration7
Community
Employees
Lenders
Suppliers5
Shareholders6
CREATING VALUE FOR STAKEHOLDERS
The economic value generated and distributed by a company represents its ability to create wealth and to share it among its stakeholders. In 2020, Moncler generated an economic value of 1,449 million euros, a decrease of about 12% com- pared to 2019. The results were influenced by the stringent measures imposed by governments around the world to limit the spread of the COVID-19 pandemic. The economic value distributed by the Company went from 1,110.6 million euros in 2019 to 1,058.9 million euros in 2020, down by 5%. About 73% of the value generated by Moncler was distributed to in- ternal and external stakeholders, while the remaining 27% was retained by the Company.
ECONIMIC VALUE DISTRIBUITED
5. The figure refers to suppliers of goods and services. 6. In 2020 the amount was estimated based on the suggested dividend. The 2019 amount was adjusted to account for the non-payment of dividends as resolved by Moncler S.p.A. s Board of Directors on 22 April 2020, due to the COVID-19 emergency. 7. The economic value distributed to the public administration also includes deferred taxes.
ECONOMIC VALUE GENERATED AND DISTRIBUTED (Thousand euros)
2020 2019
Economic value generated by the Group 1,449,314 1,640,014
Revenues 1,440,409 1,627,704
Other earnings 9,216 12,497
Financial income 759 1,239
Value adjustments of financial assets - -
Write-down of receivables -1,436 -1,499
Exchange rate gains (losses) -1,038 -564
Gains (losses) from disposal of tangible and intangible assets 1,404 637
Value adjustments of tangible and intangible assets - -
Economic value distributed by the Group 1,058,983 1,110,639
Economic value distributed to suppliers5 651,782 750,056
Economic value distributed to employees 209,963 221,125
Economic value distributed to lenders 23,022 21,746
Economic value distributed to shareholders6 113,745 -
Economic value distributed to the public administration7 49,647 115,690
Economic value distributed to communities 10,824 2,022
Economic value retained by the Group 390,331 529,375
Amortisation and depreciation 200,976 171,123
Provisions 2,734 -443
Reserves 186,621 358,695
39CONSOLIDATED NON FINANCIAL STATEMENT 2020MONCLER38