Monnalisa S p A : Half – Year Report at June 30, 2021

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Monnalisa Spa

Arezzo, via Madame Curie n. 7

Half-Year Report

at June 30, 2021

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Contents

Directors' Report at June 30, 2021

1.	Corporate Boards	pag.	1
2.	Group operation and structure	pag.	2
3.	Group operating performance	pag.	3
4.	Operating and financial overview	pag.	6
5.	Description of the main risks and uncertainties to which the Group is exposed	pag.	9
6.	Relations with lending institutions	pag.	14
7.	Investments	pag.	14
8.	Environmental information	pag.	14
9.	Disclosures on personnel relations	pag.	15
10.	Research and Development Activities	pag.	15
11.	Drafting and/or updating of the Security and Privacy Protection Policy	pag.	15
12.	Intra-group and related-party transactions	pag.	16
13.	Treasury shares and shares in parent companies	pag.	17
14.	Other information	pag.	17
15.	Subsequent events and outlook	pag.	17

Consolidated Half-year financial statements at June 30, 2021

Income statement at June 30, 2021	pag.	19
Balance sheet at June 30, 2021	pag.	20
Consolidated cash flow statement at June 30, 2021	pag.	23
Explanatory Notes
1.	Introduction	pag.	26
2.	Consolidation scope and methods	pag.	26
3.	Basis of consolidation	pag.	27
4.	Accounting policies	pag.	28
5.	Guarantees, commitments and contingent liabilities	pag.	29
6.	Exceptions	pag.	29
7.	Explanatory Notes to the income statement	pag.	29
8.	Explanatory Notes to the balance sheet	pag.	35
9.	Other information	pag.	43

Interim Directors' Report on operations at June 30, 2021