INDITEX 2021 ANNUAL REPORT
Translation of annual accounts originally issued in Spanish and prepared in accordance with the regulatory financial reporting framework applicable to the Company in Spain (see Notes 2 and 21). In the event of a discrepancy, the Spanish-language version prevails.
Index
STATEMENT BY THE DIRECTORS ABOUT THE CONTENTS OF THE FINANCIAL ANNUAL
AUDITOR´S REPORT ON THE ANNUAL ACCOUNTS .................................................................... 6
ANNUAL ACCOUNTS AND DIRECTORS´REPORT FOR THE YEAR ENDED 31 JANUARY 2022
....................................................................................................................................................... 14
Balance sheet as at 31 January 2022 and 2021 ............................................................... 15
Income statement for the years ended 31 January 2022 and 2021 ............................... 17
Statement of changes in equity for the years ended 31 January 2022 and 2021 .......... 18
Statement of cash flows for the years ended 31 January 2022 and 2021 ...................... 20
NOTES TO THE ANNUAL ACCOUNTS FOR THE YEAR ENDED 31 JANUARY 2022 ................. 21
1. Activity and description of the Company ........................................................................ 22
2. Basis of presentation of the annual accounts ................................................................ 24
3. Distribution of profit ......................................................................................................... 29
4. Accounting policies .......................................................................................................... 30
5. Intangible assets .............................................................................................................. 44
6. Property, plant and equipment ....................................................................................... 46
7. Investment property ........................................................................................................ 49
8. Investments in Group companies and financial assets (current and non-current) .... 51
9. Cash and cash equivalents .............................................................................................. 54
10. Inventories ..................................................................................................................... 55
11. Equity .............................................................................................................................. 56
12. Long-term provisions ..................................................................................................... 58
13. Non-current and current accruals and deferred income ............................................ 59
14. Non-current and current liabilities ............................................................................... 60
15. Balances and transactions with Group and related companies ................................. 61
16. Taxes .............................................................................................................................. 63
17. Guarantee commitments to third parties ..................................................................... 68
18. Income and expenses ................................................................................................... 69
19. Information on the nature and level of risk ................................................................. 72
20. Other disclosures ........................................................................................................... 77
21. Explanation added for translation to English ............................................................... 83
Annex I. List of Company of investments in Group companies at 31 January 2022 ...... 84
Annex II. Direct and indirect investments of the members of the Board of Directors in
the share capital of the Company at 31 January 2022 ..................................................... 94
DIRECTORS' REPORT FOR THE YEAR ENDED 31 JANUARY 2022 .......................................... 95
Report on Internal Control Systems (ICFR) ......................................................................... 100
Annual Corporate Governance Report (ACGR) .................................................................... 103
Annual Report on Remuneration (ARR) ................................................................................ 271
STATEMENT BY THE DIRECTORS ABOUT THE CONTENTS OF THE FINANCIAL ANNUAL
REPORT
We, the members of the Board of Directors of the company, do hereby state and represent that, to the best of our knowledge and belief, the annual individual accounts for fiscal year 2021 (1 February 2021 - 31 January 2022), stated by the Board of Directors in the meeting held on 15 March 2022, drafted pursuant to the applicable accounting principles, give the true and fair view of the assets, the financial situation and the results of Industria de Diseño Textil, S.A. (Inditex, S.A.) and that the individual financial report, includes a true review of the evolution and the corporate results, as well as of the position of Industria de Diseño Textil, S.A. (Inditex, S.A.), together with the description of the main risks and uncertainties they face up to.
In Arteixo (A Coruña), on 15 March 2022.
Mr Pablo Isla Álvarez de Tejera
Executive Chairman
Mr Amancio Ortega Gaona | Mr José Arnau Sierra |
Ordinary Member | Deputy Chairman |
Mr Óscar García Maceiras | Pontegadea Inversiones, S.L |
CEO | Ordinary Member |
Ms Flora Pérez Marcote | |
Bns Denise Patricia Kingsmill | Ms Pilar López Álvarez |
Ordinary Member | Ordinary Member |
Ms Anne Lange | Mr José Luis Durán Schulz |
Ordinary Member | Ordinary Member |
Mr Rodrigo Echenique Gordillo | Mr Emilio Saracho Rodríguez Torres |
Ordinary Member | Ordinary Member |
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INDITEX - Industria de Diseño Textil SA published this content on 17 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 March 2022 14:36:03 UTC.