(Amounts in millions of euros) | (Notes) | 2023 | 2022 |
Profit before taxes and non-controlling interest | 6,870 | 5,358 | |
Adjustments to profit | |||
\u00a0 \u00a0 Amortisation and depreciation | (8) | 3,041 | 2,899 |
\u00a0 \u00a0 Provisions for impairment | 24 | 28 | |
\u00a0 \u00a0 Results from companies consolidated by equity method | (18) | (72) | (53) |
\u00a0 \u00a0 Lease financial expenses | (9) | 196 | 116 |
\u00a0 \u00a0 Others | 125 | 170 | |
Income tax paid | (1,460) | (1,176) | |
Funds from operations | 8,723 | 7,343 | |
Variation in assets and liabilities | |||
\u00a0 \u00a0 Inventories | 130 | (193) | |
\u00a0 \u00a0 Receivables and other current assets | (341) | (58) | |
\u00a0 \u00a0 Current payables | 154 | (418) | |
Changes in working capital | (56) | (669) | |
Cash flows from operating activities | 8,667 | 6,674 | |
Payments relating to investments in intangible assets | (473) | (388) | |
Payments relating to investments in property, plant and equipment | (1,399) | (1,027) | |
Collections relating to investments in other financial investments | 78 | 27 | |
Payments relating to\u00a0 investments in other financial investments | (17) | (3) | |
Payments relating to investments in other assets | (19) | (17) | (18) |
Collections relating to investments in other assets | (19) | 11 | 54 |
Changes in current financial investments | 107 | (2,148) | |
Cash flows from investing activities | (1,709) | (3,504) | |
Payments relating to non-current financial debt | (1) | (1) | |
Payments relating to acquisition treasury shares | - | (61) | |
Changes in current financial debt | 4 | (17) | |
Lease payments fixed charge | (1,733) | (1,621) | |
Dividends | (3,744) | (2,914) | |
Cash flows used in financing activities | (5,473) | (4,614) | |
Net increase in cash and cash equivalents | 1,484 | (1,443) | |
Cash and cash equivalents at the beginning of the year | (21) | 5,561 | 7,021 |
Effect of exchange rate fluctuations on cash and cash equivalents | (38) | (17) | |
Cash and cash equivalents at the end of the year | (21) | 7,007 | 5,561 |
Loans and other credit facilities | Investments accounted for using the equity\u00a0 method | Others | Total | |
Balance at 01/02/2022 | 9 | 295 | 2 | 307 |
Acquisitions | - | 53 | 3 | 56 |
Disposals (Note 28) | - | (27) | - | (27) |
Transfers | 3 | - | (1) | 2 |
Foreign exchange translation differences | (1) | (3) | - | (4) |
Balance at 31/01/2023 | 12 | 317 | 5 | 334 |
Balance at 01/02/2023 | 12 | 317 | 5 | 334 |
Acquisitions | 16 | 72 | 17 | 105 |
Disposals (Note 28) | - | (49) | - | (49) |
Transfers | 9 | - | - | 9 |
Foreign exchange translation differences | - | (1) | - | (1) |
Balance at 31/01/2024 | 37 | 339 | 22 | 398 |
Description | Useful life (years) |
Buildings | 25 to 50 |
Fixtures, furniture and machinery | 8 to 20 |
Other property, plant and equipment | 4 to 13 |
2023 Average | 2022 Average | |
Spain | 9.68% | 8.41% |
Rest of Europe | 12.48% | 8.95% |
Americas | 10.90% | 12.29% |
Asia and rest of the world | 9.52% | 7.47% |
2023 Average | 2022 Average | |
Spain | 9.76% | 8.55% |
Rest of Europe | 12.57% | 9.06% |
Americas | 11.06% | 12.51% |
Asia and rest of the world | 9.64% | 7.58% |
2023 | 2022 | |
Spain | 4.06% | 2.20% |
Rest of Europe | 3.57% | 2.43% |
Americas | 5.19% | 4.80% |
Asia and rest of the world | 3.67% | 3.10% |
Description | Useful life (years) |
Buildings | 25 to 50 |
Fixtures, furniture and machinery | 8 to 20 |
Other property, plant and equipment | 4 to 13 |
2023 Average | 2022 Average | |
Spain | 9.68% | 8.41% |
Rest of Europe | 12.48% | 8.95% |
Americas | 10.90% | 12.29% |
Asia and rest of the world | 9.52% | 7.47% |
2023 Average | 2022 Average | |
Spain | 9.76% | 8.55% |
Rest of Europe | 12.57% | 9.06% |
Americas | 11.06% | 12.51% |
Asia and rest of the world | 9.64% | 7.58% |
2023 | 2022 | |
Spain | 4.06% | 2.20% |
Rest of Europe | 3.57% | 2.43% |
Americas | 5.19% | 4.80% |
Asia and rest of the world | 3.67% | 3.10% |
Description | Useful life (years) |
Buildings | 25 to 50 |
Fixtures, furniture and machinery | 8 to 20 |
Other property, plant and equipment | 4 to 13 |
2023 Average | 2022 Average | |
Spain | 9.68% | 8.41% |
Rest of Europe | 12.48% | 8.95% |
Americas | 10.90% | 12.29% |
Asia and rest of the world | 9.52% | 7.47% |
2023 Average | 2022 Average | |
Spain | 9.76% | 8.55% |
Rest of Europe | 12.57% | 9.06% |
Americas | 11.06% | 12.51% |
Asia and rest of the world | 9.64% | 7.58% |
2023 Average | 2022 Average | |
Spain | 9.68% | 8.41% |
Rest of Europe | 12.48% | 8.95% |
Americas | 10.90% | 12.29% |
Asia and rest of the world | 9.52% | 7.47% |
2023 Average | 2022 Average | |
Spain | 9.76% | 8.55% |
Rest of Europe | 12.57% | 9.06% |
Americas | 11.06% | 12.51% |
Asia and rest of the world | 9.64% | 7.58% |
Pensions and similar obligation s with personnel | Liability | Other provisions | Total\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 | |
Balance at 01/02/2022 | 74 | 137 | 76 | 287 |
Provisions recorded during the year | 45 | 13 | - | 58 |
Disposals | (1) | (23) | - | (24) |
Transfers | (28) | (3) | (1) | (32) |
Foreign exchange translation differences | (1) | (2) | (3) | (6) |
Balance at 31/01/2023 | 89 | 122 | 72 | 283 |
Balance at 01/02/2023 | 89 | 122 | 72 | 283 |
Provisions recorded during the year | 68 | 70 | - | 138 |
Disposals | - | (10) | - | (10) |
Transfers | (41) | (5) | 5 | (41) |
Foreign exchange translation differences | (3) | - | (5) | (8) |
Balance at 31/01/2024 | 113 | 177 | 72 | 362 |
2023 | 2022 | |
Spain | 4.06% | 2.20% |
Rest of Europe | 3.57% | 2.43% |
Americas | 5.19% | 4.80% |
Asia and rest of the world | 3.67% | 3.10% |
2023 | 2022 | |
Net sales in company-managed stores and online | 32,851 | 29,498 |
Net sales to franchises | 2,619 | 2,674 |
Other sales and services rendered | 477 | 397 |
Total | 35,947 | 32,569 |
2023 | 2022 | |
Net sales in company-managed stores and online | 32,851 | 29,498 |
Net sales to franchises | 2,619 | 2,674 |
Other sales and services rendered | 477 | 397 |
Total | 35,947 | 32,569 |
2023 | 2022 | |
Raw materials and consumables | 14,962 | 14,159 |
Change in inventories | 208 | (171) |
Changes in provisions | 16 | 23 |
Total | 15,186 | 14,011 |
2023 | 2022 | |
Personnel costs | 5,357 | 4,753 |
Operating leases (Note 16.3) | 989 | 859 |
Other operating expenses | 4,507 | 4,255 |
Total | 10,853 | 9,867 |
2023 | 2022 | |
Wages, salaries and similar | 4,479 | 3,980 |
Social contributions | 878 | 773 |
Total | 5,357 | 4,753 |
Gender | |||
Categories | W | M | Total |
Manufacturing and logistics | 4,820 | 5,872 | 10,692 |
Central services | 6,943 | 4,669 | 11,612 |
Stores | 107,196 | 31,781 | 138,977 |
Total | 118,959 | 42,322 | 161,281 |
Gender | |||
Categories | W | M | Total |
Manufacturing and logistics | 4,515 | 5,743 | 10,258 |
Central services | 6,917 | 4,457 | 11,374 |
Stores | 111,769 | 31,596 | 143,365 |
Total | 123,201 | 41,796 | 164,997 |
2023 | 2022 | |
Indirect selling expenses | 2,733 | 2,546 |
Administrative expenses | 635 | 559 |
Maintenance, repairs and utilities | 740 | 730 |
Others | 399 | 420 |
Total | 4,507 | 4,255 |
2023 | 2022 | |
Personnel costs | 5,357 | 4,753 |
Operating leases (Note 16.3) | 989 | 859 |
Other operating expenses | 4,507 | 4,255 |
Total | 10,853 | 9,867 |
2023 | 2022 | |
Wages, salaries and similar | 4,479 | 3,980 |
Social contributions | 878 | 773 |
Total | 5,357 | 4,753 |
2023 | 2022 | |
Indirect selling expenses | 2,733 | 2,546 |
Administrative expenses | 635 | 559 |
Maintenance, repairs and utilities | 740 | 730 |
Others | 399 | 420 |
Total | 4,507 | 4,255 |
2023 | 2022 | |
Personnel costs | 5,357 | 4,753 |
Operating leases (Note 16.3) | 989 | 859 |
Other operating expenses | 4,507 | 4,255 |
Total | 10,853 | 9,867 |
2023 | 2022 | |
Wages, salaries and similar | 4,479 | 3,980 |
Social contributions | 878 | 773 |
Total | 5,357 | 4,753 |
2023 | 2022 | |
Indirect selling expenses | 2,733 | 2,546 |
Administrative expenses | 635 | 559 |
Maintenance, repairs and utilities | 740 | 730 |
Others | 399 | 420 |
Total | 4,507 | 4,255 |
2023 | 2022 | |
Wages, salaries and similar | 4,479 | 3,980 |
Social contributions | 878 | 773 |
Total | 5,357 | 4,753 |
Name or company name of the Director | Type | Remuneration of Board members | Remuneration of the\u00a0 Deputy Chair of the Board of Directors | Remuneration for serving on Committees and other Board of Directors | Remuneration for chairing Committees | Fixed remuneration | Variable remuneration 2023 | Mult-year\u00a0 variable remuneration (cash and shares) 2023 | Compensation | Total 2023 |
Ms Marta Ortega P\u00e9rez | Propietary | 100 | 900 | - | - | - | - | - | - | 1,000 |
Mr \u00d3scar Garc\u00eda Maceiras | Executive | 100 | - | - | - | 2,500 | 3,750 | 3,971 | - | 10,321 |
Mr Amancio Ortega Gaona | Propietary | 100 | - | - | - | - | - | - | - | 100 |
Mr Jos\u00e9 Arnau Sierra | Propietary | 100 | 80 | 200 | - | - | - | - | - | 380 |
PONTEGADEA INVERSIONES S.L. (1) | Propietary | 100 | - | - | - | - | - | - | - | 100 |
Bns Denise Patricia Kingsmill | Independent | 100 | - | 150 | 50 | - | - | - | - | 300 |
Ms Anne Lange | Independent | 100 | - | 150 | - | - | - | - | - | 250 |
Ms Pilar L\u00f3pez \u00c1lvarez | Independent | 100 | - | 150 | 50 | - | - | - | - | 300 |
Mr Jose Luis Dur\u00e1n Schulz | Independent | 100 | - | 150 | 50 | - | - | - | - | 300 |
Mr Rodrigo Echenique Gordillo | Independent | 100 | - | 150 | 50 | - | - | - | - | 300 |
Mr\u00a0 Emilio Saracho Rodr\u00edguez de Torres (2) | Affiliate | 45 | - | 66 | - | - | - | - | - | 111 |
TOTAL | 1,045 | 980 | 1,016 | 200 | 2,500 | 3,750 | 3,971 | - | 13,462 | |
Notes: | ||||||||||
(1) Represented by Ms Flora P\u00e9rez Marcote. (2) The effective date of his resignation was 11 July 2023. |
2023 | |
SENIOR MANAGEMENT | |
Remuneration | 113,583 |
Termination benefits | 2,888 |
Total | 116,471 |
Name or company name of the Director | Type | Remuneration of Board members | Remuneration of the Deputy Chair of the Board of Directors | Remuneration for serving on Comittees and other Board of Directors | Remuneration for chairing Committees | Fixed remuneration | Variable remuneration 2022 | Multi-year\u00a0 variable remuneration (cash and shares) 2022 | Compensation | Total 2022 |
Ms Marta Ortega P\u00e9rez (1) | Propietary | 834 | - | - | - | - | - | - | - | 834 |
Mr \u00d3scar Garc\u00eda Maceiras | Executive | 100 | - | - | - | 2,041 | 3,750 | 2,483 | - | 8,374 |
Mr Amancio Ortega Gaona | Propietary | 100 | - | - | - | - | - | - | - | 100 |
Mr Jos\u00e9 Arnau Sierra | Propietary | 100 | 80 | 200 | - | - | - | - | - | 380 |
PONTEGADEA INVERSIONES S.L. (2) | Propietary | 100 | - | - | - | - | - | - | - | 100 |
Bns Denise Patricia Kingsmill | Independent | 100 | - | 150 | 50 | - | - | - | - | 300 |
Ms Anne Lange | Independent | 100 | - | 150 | - | - | - | - | - | 250 |
Ms Pilar L\u00f3pez \u00c1lvarez | Independent | 100 | - | 150 | 50 | - | - | - | - | 300 |
Mr Jose Luis Dur\u00e1n Schulz | Independent | 100 | - | 150 | 28 | - | - | - | - | 278 |
Mr Rodrigo Echenique Gordillo | Independent | 100 | - | 150 | 50 | - | - | - | - | 300 |
Mr\u00a0 Emilio Saracho Rodr\u00edguez de Torres | Affiliate | 100 | - | 150 | 22 | - | - | - | - | 272 |
Mr Pablo Isla \u00c1lvarez de Tejera (3) | Executive | 16 | - | - | - | 597 | 788 | 2,819 | 22,990 | 27,210 |
TOTAL | 1,850 | 80 | 1,100 | 200 | 2,638 | 4,538 | 5,302 | 22,990 | 38,698 | |
Notes: | ||||||||||
(1) The remuneration for financial year 2022 corresponds to the portion accrued in the period from 1 April 2022, the effective date of her appointment as new Chair (non- executive), through 31 January 2023. (2) Represented by Ms Flora P\u00e9rez Marcote. (3) The effective date of his resignation was 31 March 2022. |
2022 | |
SENIOR MANAGEMENT | |
Remuneration | 92,020 |
Termination benefits | 12,761 |
Total | 104,781 |
Gender | |||
Categories | W | M | Total |
Manufacturing and logistics | 4,820 | 5,872 | 10,692 |
Central services | 6,943 | 4,669 | 11,612 |
Stores | 107,196 | 31,781 | 138,977 |
Total | 118,959 | 42,322 | 161,281 |
Gender | |||
Categories | W | M | Total |
Manufacturing and logistics | 4,515 | 5,743 | 10,258 |
Central services | 6,917 | 4,457 | 11,374 |
Stores | 111,769 | 31,596 | 143,365 |
Total | 123,201 | 41,796 | 164,997 |
2023 | 2022 | |
Indirect selling expenses | 2,733 | 2,546 |
Administrative expenses | 635 | 559 |
Maintenance, repairs and utilities | 740 | 730 |
Others | 399 | 420 |
Total | 4,507 | 4,255 |
2023 | 2022 | |
Amortisation and depreciation charge (Note 14, 15 and 16) | 2,897 | 2,776 |
Changes in provisions (Note 14, 15 and 16) | 48 | 53 |
Profit/(loss) on assets | 105 | 145 |
Others | (9) | (75) |
Total | 3,041 | 2,899 |
2023 | 2022 | |
Finance income | 380 | 85 |
Foreign exchange gains | 17 | 47 |
Lease foreign exchange gains | 9 | - |
Total income | 406 | 132 |
Finance costs | (75) | (28) |
Lease finance costs (Note 16) | (196) | (116) |
Foreign exchange losses | (142) | (195) |
Lease foreign exchange losses | (4) | (7) |
Total expenses | (417) | (346) |
Total | (11) | (214) |
2023 | 2022 | |
Finance income | 380 | 85 |
Foreign exchange gains | 17 | 47 |
Lease foreign exchange gains | 9 | - |
Total income | 406 | 132 |
Finance costs | (75) | (28) |
Lease finance costs (Note 16) | (196) | (116) |
Foreign exchange losses | (142) | (195) |
Lease foreign exchange losses | (4) | (7) |
Total expenses | (417) | (346) |
Total | (11) | (214) |
2023 | 2022 | |
Finance income | 380 | 85 |
Foreign exchange gains | 17 | 47 |
Lease foreign exchange gains | 9 | - |
Total income | 406 | 132 |
Finance costs | (75) | (28) |
Lease finance costs (Note 16) | (196) | (116) |
Foreign exchange losses | (142) | (195) |
Lease foreign exchange losses | (4) | (7) |
Total expenses | (417) | (346) |
Total | (11) | (214) |
Currency | Balance at 31/01/2024 | Reclassification | Variation | Balance at 01/02/2023 |
Brazilian real | 101 | 9 | (3) | 95 |
Turkish lira | 71 | (10) | 22 | 59 |
Mexican peso | 55 | 26 | (21) | 50 |
Japanese yen | 22 | - | 15 | 7 |
Australian dollar | 9 | (3) | 5 | 7 |
Ukrainian hryvnia | 8 | - | 2 | 6 |
US Dollar | (46) | (24) | 12 | (34) |
Other | 11 | (46) | 3 | 54 |
Total | 231 | (48) | 35 | 244 |
2023 | 2022 | |
Finance income | 380 | 85 |
Foreign exchange gains | 17 | 47 |
Lease foreign exchange gains | 9 | - |
Total income | 406 | 132 |
Finance costs | (75) | (28) |
Lease finance costs (Note 16) | (196) | (116) |
Foreign exchange losses | (142) | (195) |
Lease foreign exchange losses | (4) | (7) |
Total expenses | (417) | (346) |
Total | (11) | (214) |
2023 | 2022 | |
Finance income | 380 | 85 |
Foreign exchange gains | 17 | 47 |
Lease foreign exchange gains | 9 | - |
Total income | 406 | 132 |
Finance costs | (75) | (28) |
Lease finance costs (Note 16) | (196) | (116) |
Foreign exchange losses | (142) | (195) |
Lease foreign exchange losses | (4) | (7) |
Total expenses | (417) | (346) |
Total | (11) | (214) |
2023 | 2022 | |
Finance income | 380 | 85 |
Foreign exchange gains | 17 | 47 |
Lease foreign exchange gains | 9 | - |
Total income | 406 | 132 |
Finance costs | (75) | (28) |
Lease finance costs (Note 16) | (196) | (116) |
Foreign exchange losses | (142) | (195) |
Lease foreign exchange losses | (4) | (7) |
Total expenses | (417) | (346) |
Total | (11) | (214) |
2023 | |||||
Zara / Zara Home | Bershka | Other | Inter- segment | Total | |
Sales to third parties | 26,208 | 2,634 | 7,303 | (198) | 35,947 |
Profit before taxes | 4,968 | 460 | 1,407 | 35 | 6,870 |
Amortisation and depreciation | 2,162 | 246 | 633 | - | 3,041 |
Segment total assets | 27,041 | 1,579 | 4,115 | 32,735 | |
ROCE | 36% | 42% | 52% | 39% | |
Number of stores | 2,221 | 856 | 2,615 | 5,692 |
2022 | |||||
Zara / Zara Home | Bershka | Other | Inter- segment | Total | |
Sales to third parties | 23,902 | 2,396 | 6,451 | (180) | 32,569 |
Profit before taxes | 4,002 | 326 | 1,030 | - | 5,358 |
Amortisation and depreciation | 2,097 | 221 | 580 | 1 | 2,899 |
Segment total assets | 24,826 | 1,432 | 3,725 | 29,983 | |
ROCE | 31% | 32% | 40% | 33% | |
Number of stores | 2,312 | 860 | 2,643 | 5,815 |
Net sales | Non-current assets | |||
2023 | 2022 | 31/01/2024 | 31/01/2023 | |
Spain | 5,666 | 5,021 | 5,606 | 5,058 |
Rest of Europe | 18,381 | 16,306 | 6,500 | 5,690 |
Americas | 7,104 | 6,556 | 2,258 | 2,073 |
Asia and rest of the world | 4,796 | 4,686 | 912 | 1,042 |
Total | 35,947 | 32,569 | 15,276 | 13,863 |
31/01/2024 | 31/01/2023 | |
Trade receivables (Note 26) | 298 | 267 |
Receivables due to sales to franchises (Note 26) | 324 | 323 |
Public authorities | 284 | 147 |
Other current receivables (Note 26) | 132 | 114 |
Total | 1,038 | 851 |
31/01/2024 | 31/01/2023 | |
Trade receivables (Note 26) | 298 | 267 |
Receivables due to sales to franchises (Note 26) | 324 | 323 |
Public authorities | 284 | 147 |
Other current receivables (Note 26) | 132 | 114 |
Total | 1,038 | 851 |
31/01/2024 | 31/01/2023 | |
Raw materials and consumables | 187 | 228 |
Goods in process | 64 | 65 |
Finished goods for sale | 2,715 | 2,898 |
Total | 2,966 | 3,191 |
Land and buildings | Fixtures, furniture and machinery | Other property, plant and equipment | Work in progress | Total | |
Cost | |||||
Balance at 01/02/2022 | 2,303 | 11,456 | 909 | 185 | 14,854 |
Acquisitions | 3 | 932 | 207 | 199 | 1,341 |
Hyperinflation adjustments | 3 | 152 | 15 | - | 170 |
Disposals (Note 8) | (14) | (716) | (182) | (10) | (922) |
Transfers\u00a0 | (3) | (123) | (12) | (106) | (244) |
Foreign exchange translation differences | 16 | (25) | (4) | 1 | (12) |
Balance at 31/01/2023 | 2,308 | 11,676 | 933 | 270 | 15,187 |
Balance at 01/02/2023 | 2,308 | 11,676 | 933 | 270 | 15,187 |
Acquisitions | 5 | 1,278 | 285 | 408 | 1,976 |
Hyperinflation adjustments | - | 14 | 4 | - | 18 |
Disposals (Note 8) | (17) | (811) | (230) | (5) | (1,063) |
Transfers\u00a0 | 44 | 120 | 10 | (181) | (7) |
Foreign exchange translation differences | - | (5) | (2) | 1 | (6) |
Balance at 31/01/2024 | 2,340 | 12,272 | 1,000 | 493 | 16,105 |
Depreciation | |||||
Balance at 01/02/2022 | 512 | 6,234 | 548 | - | 7,294 |
Depreciation charge for the year (Note 8) | 39 | 727 | 204 | - | 970 |
Hyperinflation adjustments | 1 | 106 | 12 | - | 119 |
Disposals (Note 8) | (7) | (585) | (169) | - | (761) |
Transfers\u00a0 | (8) | (71) | (9) | - | (88) |
Foreign exchange translation differences | 1 | (23) | (3) | - | (25) |
Balance at 31/01/2023 | 538 | 6,388 | 583 | - | 7,509 |
Balance at 01/02/2023 | 538 | 6,388 | 583 | - | 7,509 |
Depreciation charge for the year (Note 8) | 37 | 778 | 213 | - | 1,028 |
Hyperinflation adjustments | - | 8 | 3 | - | 11 |
Disposals (Note 8) | (8) | (661) | (194) | - | (863) |
Transfers\u00a0 | - | (1) | (1) | - | (2) |
Foreign exchange translation differences | - | (8) | (2) | - | (10) |
Balance at 31/01/2024 | 567 | 6,504 | 602 | - | 7,673 |
Land and buildings | Fixtures, furniture and machinery | Other property, plant and equipment | Work in progress | Total | |
Impairment losses (Note 3.2.f) | |||||
Balance at 01/02/2022 | - | 76 | 2 | - | 79 |
Charge for the year (Note 8) | - | 41 | 5 | - | 46 |
Hyperinflation adjustments | - | 1 | - | - | 1 |
Amounts charged to profit or loss (Note 8) | - | (8) | 1 | - | (7) |
Disposals (Note 8) | - | (23) | (4) | - | (27) |
Transfers | - | (4) | - | - | (4) |
Foreign exchange translation differences | - | (1) | - | - | (1) |
Balance at 31/01/2023 | - | 83 | 4 | - | 87 |
Balance at 01/02/2023 | - | 83 | 4 | - | 87 |
Charge for the year (Note 8) | 2 | 58 | 3 | - | 63 |
Amounts charged to profit or loss (Note 8) | - | (18) | - | - | (18) |
Disposals (Note 8) | - | (34) | (1) | - | (35) |
Transfers | - | (1) | - | - | (1) |
Foreign exchange translation differences | - | (1) | - | - | (1) |
Balance at 31/01/2024 | 2 | 87 | 6 | - | 95 |
Carrying amount | |||||
Balance at 31/01/2023 | 1,770 | 5,205 | 346 | 270 | 7,591 |
Balance at 31/01/2024 | 1,771 | 5,681 | 392 | 493 | 8,337 |
Land and buildings | Fixtures, furniture and machinery | Other property, plant and equipment | Work in progress | Total | |
Cost | |||||
Balance at 01/02/2022 | 2,303 | 11,456 | 909 | 185 | 14,854 |
Acquisitions | 3 | 932 | 207 | 199 | 1,341 |
Hyperinflation adjustments | 3 | 152 | 15 | - | 170 |
Disposals (Note 8) | (14) | (716) | (182) | (10) | (922) |
Transfers\u00a0 | (3) | (123) | (12) | (106) | (244) |
Foreign exchange translation differences | 16 | (25) | (4) | 1 | (12) |
Balance at 31/01/2023 | 2,308 | 11,676 | 933 | 270 | 15,187 |
Balance at 01/02/2023 | 2,308 | 11,676 | 933 | 270 | 15,187 |
Acquisitions | 5 | 1,278 | 285 | 408 | 1,976 |
Hyperinflation adjustments | - | 14 | 4 | - | 18 |
Disposals (Note 8) | (17) | (811) | (230) | (5) | (1,063) |
Transfers\u00a0 | 44 | 120 | 10 | (181) | (7) |
Foreign exchange translation differences | - | (5) | (2) | 1 | (6) |
Balance at 31/01/2024 | 2,340 | 12,272 | 1,000 | 493 | 16,105 |
Depreciation | |||||
Balance at 01/02/2022 | 512 | 6,234 | 548 | - | 7,294 |
Depreciation charge for the year (Note 8) | 39 | 727 | 204 | - | 970 |
Hyperinflation adjustments | 1 | 106 | 12 | - | 119 |
Disposals (Note 8) | (7) | (585) | (169) | - | (761) |
Transfers\u00a0 | (8) | (71) | (9) | - | (88) |
Foreign exchange translation differences | 1 | (23) | (3) | - | (25) |
Balance at 31/01/2023 | 538 | 6,388 | 583 | - | 7,509 |
Balance at 01/02/2023 | 538 | 6,388 | 583 | - | 7,509 |
Depreciation charge for the year (Note 8) | 37 | 778 | 213 | - | 1,028 |
Hyperinflation adjustments | - | 8 | 3 | - | 11 |
Disposals (Note 8) | (8) | (661) | (194) | - | (863) |
Transfers\u00a0 | - | (1) | (1) | - | (2) |
Foreign exchange translation differences | - | (8) | (2) | - | (10) |
Balance at 31/01/2024 | 567 | 6,504 | 602 | - | 7,673 |
Land and buildings | Fixtures, furniture and machinery | Other property, plant and equipment | Work in progress | Total | |
Impairment losses (Note 3.2.f) | |||||
Balance at 01/02/2022 | - | 76 | 2 | - | 79 |
Charge for the year (Note 8) | - | 41 | 5 | - | 46 |
Hyperinflation adjustments | - | 1 | - | - | 1 |
Amounts charged to profit or loss (Note 8) | - | (8) | 1 | - | (7) |
Disposals (Note 8) | - | (23) | (4) | - | (27) |
Transfers | - | (4) | - | - | (4) |
Foreign exchange translation differences | - | (1) | - | - | (1) |
Balance at 31/01/2023 | - | 83 | 4 | - | 87 |
Balance at 01/02/2023 | - | 83 | 4 | - | 87 |
Charge for the year (Note 8) | 2 | 58 | 3 | - | 63 |
Amounts charged to profit or loss (Note 8) | - | (18) | - | - | (18) |
Disposals (Note 8) | - | (34) | (1) | - | (35) |
Transfers | - | (1) | - | - | (1) |
Foreign exchange translation differences | - | (1) | - | - | (1) |
Balance at 31/01/2024 | 2 | 87 | 6 | - | 95 |
Carrying amount | |||||
Balance at 31/01/2023 | 1,770 | 5,205 | 346 | 270 | 7,591 |
Balance at 31/01/2024 | 1,771 | 5,681 | 392 | 493 | 8,337 |
Amortisation | |
Balance at 01/02/2022 | 4,171 |
Amortisation charge for the year (Note 8) | 1,482 |
Disposals (Note 8) | (333) |
Foreign exchange translation differences | (23) |
Balance at 31/01/2023 | 5,297 |
Balance at 01/02/2023 | 5,297 |
Amortisation charge for the year (Note 8) | 1,483 |
Hyperinflation adjustments | 7 |
Disposals (Note 8) | (530) |
Foreign exchange translation differences | (12) |
Balance at 31/01/2024 | 6,245 |
Impairment losses | |
Balance at 01/02/2022 | 19 |
Charge for the year (Note 8) | 18 |
Amounts charged to profit or loss (Note 8) | (4) |
Foreign exchange translation differences | (1) |
Balance at 31/01/2023 | 32 |
Balance at 01/02/2023 | 32 |
Charge for the year (Note 8) | 17 |
Amounts charged to profit or loss (Note 8) | (14) |
Disposals (Note 8) | (10) |
Balance at 31/01/2024 | 25 |
Carrying amount | |
Balance at 31/01/2023 | 4,910 |
Balance at 31/01/2024 | 5,097 |
Industrial property | Computer software | Other intangible assets | Total | |
Cost | ||||
Balance at 01/02/2022 | 38 | 783 | 234 | 1,055 |
Acquisitions | 2 | 295 | 248 | 545 |
Disposals (Note 8) | - | (1) | (218) | (219) |
Balance at 31/01/2023 | 40 | 1,077 | 264 | 1,381 |
Balance at 01/02/2023 | 40 | 1,077 | 264 | 1,381 |
Acquisitions | 3 | 358 | 467 | 828 |
Disposals (Note 8) | (15) | (75) | (237) | (327) |
Transfers | 1 | - | - | 1 |
Balance at 31/01/2024 | 29 | 1,360 | 494 | 1,883 |
Amortisation | ||||
Balance at 01/02/2022 | 26 | 337 | 103 | 466 |
Amortisation charge for the year (Note 8) | 2 | 86 | 236 | 324 |
Disposals (Note 8) | - | - | (220) | (220) |
Transfers\u00a0 | - | - | 1 | 1 |
Balance at 31/01/2023 | 28 | 423 | 120 | 571 |
Balance at 01/02/2023 | 28 | 423 | 120 | 571 |
Amortisation charge for the year (Note 8) | 2 | 122 | 262 | 386 |
Disposals (Note 8) | (15) | (46) | (237) | (298) |
Transfers\u00a0 | 1 | - | - | 1 |
Balance at 31/01/2024 | 16 | 499 | 145 | 660 |
Carrying amount | ||||
Balance at 31/01/2023 | 12 | 654 | 144 | 810 |
Balance at 31/01/2024 | 13 | 861 | 349 | 1,223 |
2023 | 2022 | |
Opening balance | 193 | 202 |
Transfers (Note 33) | - | (10) |
Foreign exchange translation differences | 4 | 1 |
Closing balance | 197 | 193 |
Investee | 2023 | 2022 |
Stradivarius Espa\u00f1a, S.A. | 53 | 53 |
Itx Portugal - Confec\u00e7\u00f5es, S.A. | 51 | 51 |
Zara Polska, S.p. Zo.o. | 33 | 33 |
Massimo Dutti Benelux, N.V. | 20 | 20 |
Itx Retail Mexico, S.A. de C.V. | 12 | 12 |
Other | 28 | 24 |
Closing balance | 197 | 193 |
Industrial property | Computer software | Other intangible assets | Total | |
Cost | ||||
Balance at 01/02/2022 | 38 | 783 | 234 | 1,055 |
Acquisitions | 2 | 295 | 248 | 545 |
Disposals (Note 8) | - | (1) | (218) | (219) |
Balance at 31/01/2023 | 40 | 1,077 | 264 | 1,381 |
Balance at 01/02/2023 | 40 | 1,077 | 264 | 1,381 |
Acquisitions | 3 | 358 | 467 | 828 |
Disposals (Note 8) | (15) | (75) | (237) | (327) |
Transfers | 1 | - | - | 1 |
Balance at 31/01/2024 | 29 | 1,360 | 494 | 1,883 |
Amortisation | ||||
Balance at 01/02/2022 | 26 | 337 | 103 | 466 |
Amortisation charge for the year (Note 8) | 2 | 86 | 236 | 324 |
Disposals (Note 8) | - | - | (220) | (220) |
Transfers\u00a0 | - | - | 1 | 1 |
Balance at 31/01/2023 | 28 | 423 | 120 | 571 |
Balance at 01/02/2023 | 28 | 423 | 120 | 571 |
Amortisation charge for the year (Note 8) | 2 | 122 | 262 | 386 |
Disposals (Note 8) | (15) | (46) | (237) | (298) |
Transfers\u00a0 | 1 | - | - | 1 |
Balance at 31/01/2024 | 16 | 499 | 145 | 660 |
Carrying amount | ||||
Balance at 31/01/2023 | 12 | 654 | 144 | 810 |
Balance at 31/01/2024 | 13 | 861 | 349 | 1,223 |
Cost | |
Balance at 01/02/2022 | 9,414 |
Acquisitions | 1,392 |
Disposals ( Note 8) | (551) |
Foreign exchange translation differences | (16) |
Balance at 31/01/2023 | 10,239 |
Balance at 01/02/2023 | 10,239 |
Acquisitions | 1,858 |
Hyperinflation adjustments | 15 |
Disposals ( Note 8) | (724) |
Foreign exchange translation differences | (21) |
Balance at 31/01/2024 | 11,367 |
Amortisation | |
Balance at 01/02/2022 | 4,171 |
Amortisation charge for the year (Note 8) | 1,482 |
Disposals (Note 8) | (333) |
Foreign exchange translation differences | (23) |
Balance at 31/01/2023 | 5,297 |
Balance at 01/02/2023 | 5,297 |
Amortisation charge for the year (Note 8) | 1,483 |
Hyperinflation adjustments | 7 |
Disposals (Note 8) | (530) |
Foreign exchange translation differences | (12) |
Balance at 31/01/2024 | 6,245 |
Impairment losses | |
Balance at 01/02/2022 | 19 |
Charge for the year (Note 8) | 18 |
Amounts charged to profit or loss (Note 8) | (4) |
Foreign exchange translation differences | (1) |
Balance at 31/01/2023 | 32 |
Balance at 01/02/2023 | 32 |
Charge for the year (Note 8) | 17 |
Amounts charged to profit or loss (Note 8) | (14) |
Disposals (Note 8) | (10) |
Balance at 31/01/2024 | 25 |
Carrying amount | |
Balance at 31/01/2023 | 4,910 |
Balance at 31/01/2024 | 5,097 |
31/01/2024 | 31/01/2023 | |
Non-current | 4,123 | 3,924 |
Current | 1,428 | 1,517 |
Total | 5,551 | 5,441 |
2023 | 2022 | |
Less than 1 year | 1,619 | 1,635 |
1 - 5 years old | 3,782 | 3,887 |
> 5 years old | 689 | 286 |
2023 | 2022 | |
Amortisation charge on right of use\u00a0 (Note 8) | 1,483 | 1,482 |
Lease liabilities interest expenses\u00a0 (Note 9) | 196 | 116 |
Variable rent payments (Note 6) | 622 | 546 |
Others * (Note 6) | 367 | 313 |
* Mainly includes Common expenses and other lease services. |
Lease incentives | Others | \u00a0 \u00a0 \u00a0 Total\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 | |
Balance at 01/02/2022 | 154 | 94 | 248 |
Acquisitions | 59 | - | 59 |
Changes through profit or loss | (1) | 7 | 6 |
Hyperinflation adjustments | 15 | - | 15 |
Transfers | (83) | (21) | (104) |
Foreign exchange translation differences | (2) | - | (2) |
Balance at 31/01/2023 | 142 | 80 | 222 |
Balance at 01/02/2023 | 142 | 80 | 222 |
Acquisitions | 119 | - | 119 |
Changes through profit or loss | - | 18 | 18 |
Hyperinflation adjustments | 3 | - | 3 |
Transfers | (85) | (22) | (107) |
Foreign exchange translation differences | (7) | - | (7) |
Balance at 31/01/2024 | 172 | 76 | 248 |
2023 | 2022 | |
Opening balance | 193 | 202 |
Transfers (Note 33) | - | (10) |
Foreign exchange translation differences | 4 | 1 |
Closing balance | 197 | 193 |
Investee | 2023 | 2022 |
Stradivarius Espa\u00f1a, S.A. | 53 | 53 |
Itx Portugal - Confec\u00e7\u00f5es, S.A. | 51 | 51 |
Zara Polska, S.p. Zo.o. | 33 | 33 |
Massimo Dutti Benelux, N.V. | 20 | 20 |
Itx Retail Mexico, S.A. de C.V. | 12 | 12 |
Other | 28 | 24 |
Closing balance | 197 | 193 |
Loans and other credit facilities | Investments accounted for using the equity\u00a0 method | Others | Total | |
Balance at 01/02/2022 | 9 | 295 | 2 | 307 |
Acquisitions | - | 53 | 3 | 56 |
Disposals (Note 28) | - | (27) | - | (27) |
Transfers | 3 | - | (1) | 2 |
Foreign exchange translation differences | (1) | (3) | - | (4) |
Balance at 31/01/2023 | 12 | 317 | 5 | 334 |
Balance at 01/02/2023 | 12 | 317 | 5 | 334 |
Acquisitions | 16 | 72 | 17 | 105 |
Disposals (Note 28) | - | (49) | - | (49) |
Transfers | 9 | - | - | 9 |
Foreign exchange translation differences | - | (1) | - | (1) |
Balance at 31/01/2024 | 37 | 339 | 22 | 398 |
Guarantees | Others | Total | |
Balance at 01/02/2022 | 290 | 50 | 340 |
Acquisitions | 12 | 6 | 18 |
Disposals | (54) | - | (54) |
Transfers\u00a0 | (6) | (17) | (23) |
Foreign exchange translation differences | (3) | - | (3) |
Balance at 31/01/2023 | 239 | 39 | 278 |
Balance at 01/02/2023 | 239 | 39 | 278 |
Acquisitions | 9 | 8 | 17 |
Disposals | (11) | - | (11) |
Transfers\u00a0 | (8) | (1) | (9) |
Foreign exchange translation differences | (4) | (2) | (6) |
Balance at 31/01/2024 | 225 | 44 | 269 |
Loans and other credit facilities | Investments accounted for using the equity\u00a0 method | Others | Total | |
Balance at 01/02/2022 | 9 | 295 | 2 | 307 |
Acquisitions | - | 53 | 3 | 56 |
Disposals (Note 28) | - | (27) | - | (27) |
Transfers | 3 | - | (1) | 2 |
Foreign exchange translation differences | (1) | (3) | - | (4) |
Balance at 31/01/2023 | 12 | 317 | 5 | 334 |
Balance at 01/02/2023 | 12 | 317 | 5 | 334 |
Acquisitions | 16 | 72 | 17 | 105 |
Disposals (Note 28) | - | (49) | - | (49) |
Transfers | 9 | - | - | 9 |
Foreign exchange translation differences | - | (1) | - | (1) |
Balance at 31/01/2024 | 37 | 339 | 22 | 398 |
Guarantees | Others | Total | |
Balance at 01/02/2022 | 290 | 50 | 340 |
Acquisitions | 12 | 6 | 18 |
Disposals | (54) | - | (54) |
Transfers\u00a0 | (6) | (17) | (23) |
Foreign exchange translation differences | (3) | - | (3) |
Balance at 31/01/2023 | 239 | 39 | 278 |
Balance at 01/02/2023 | 239 | 39 | 278 |
Acquisitions | 9 | 8 | 17 |
Disposals | (11) | - | (11) |
Transfers\u00a0 | (8) | (1) | (9) |
Foreign exchange translation differences | (4) | (2) | (6) |
Balance at 31/01/2024 | 225 | 44 | 269 |
Other financial assets | 2023 | 2022 |
Fair value of the hedging instruments | 7 | 8 |
Total | 7 | 8 |
Other financial liabilities | 2023 | 2022 |
Fair value of the hedging instruments | 7 | 29 |
Reciprocal call and put options\u00a0 (Note 7) | 19 | 17 |
Total | 26 | 46 |
2023 | |||
OTC derivatives: | |||
Foreign currency forwards | Energy options | Total OTC derivatives | |
Level | 2 | 3 | |
Fair value at 31 January 2024 | 4 | 3 | 7 |
Transfer to income | (4) | 3 | (1) |
Transfer to income from equity | - | - | - |
Income recognised directly in equity | - | - | - |
Fair value at 31 January 2023 | 8 | - | 8 |
2022 | |||
OTC derivatives: | |||
Foreign currency forwards | Energy options | Total OTC derivatives | |
Level | 2 | 3 | |
Fair value at 31 January 2023 | 8 | - | 8 |
Transfer to income | (8) | - | (8) |
Transfer to income from equity | (6) | - | (6) |
Income recognised directly in equity | - | - | - |
Fair value at 31 January 2022 | 22 | - | 22 |
2023 | |||
OTC derivatives: | |||
Foreign currency forwards | Energy options | Total OTC derivatives | |
Level | 2 | 3 | |
Fair value at 31 January 2024 | 7 | - | 7 |
Transfer to income | (10) | - | (10) |
Transfer to income from equity | (13) | - | (13) |
Income recognised directly in equity | 1 | - | 1 |
Fair value at 31 January 2023 | 29 | - | 29 |
2022 | |||
OTC derivatives: | |||
Foreign currency forwards | Energy options | Total OTC derivatives | |
Level | 2 | 3 | |
Fair value at 31 January 2023 | 29 | - | 29 |
Transfer to income | 8 | - | 8 |
Transfer to income from equity | - | - | - |
Income recognised directly in equity | 14 | - | 14 |
Fair value at 31 January 2022 | 7 | - | 7 |
2023 | 2022 | |
Cash and cash equivalents (Note 21) | 7,007 | 5,561 |
Current financial investments (Note 21) | 4,415 | 4,522 |
Trade receivables (Note 12) | 298 | 267 |
Receivable due to sales to franchises (Note 12) | 324 | 323 |
Other current receivables (Note 12) | 132 | 114 |
Guarantees (Note 19) | 225 | 239 |
Total | 12,401 | 11,026 |
31/01/2024 | 31/01/2023 | |
Trade payables | 5,090 | 4,544 |
Personnel | 723 | 683 |
Public authorities | 605 | 553 |
Other current payables | 654 | 517 |
Total | 7,072 | 6,297 |
2023 | 2022 | |
Days | ||
Average period of payment to suppliers | 39.24 | 39.91 |
Ratio of transactions settled | 39.69 | 40.22 |
Ratio of transactions not yet settled | 34.95 | 36.42 |
Amount | ||
Total payments made | 5,136 | 4,672 |
Total payments outstanding | 544 | 413 |
2023 | 2022 | |
No. of invoices paid within the legal term (in thousands) | 326 | 318 |
% of total subject invoices (number) | 98% | 98% |
Amount of invoices paid within the legal term | 5,002 | 4,589 |
% of total subject invoices (amount) | 97% | 98% |
31/01/2024 | 31/01/2023 | |
Cash in hand and at banks | 2,386 | 2,530 |
Short-term deposits | 4,208 | 2,830 |
Fixed-income securities | 413 | 201 |
Total cash and cash equivalents | 7,007 | 5,561 |
Current financial investments | 4,415 | 4,522 |
Current financial debt | (16) | (13) |
Non-current financial debt | - | - |
Net financial position | 11,406 | 10,070 |
Loans | Other financial operations | Total | |
Current | 15 | 1 | 16 |
Non-current | - | - | - |
Total 31/01/2024 | 15 | 1 | 16 |
Loans | Other financial operations | Total | |
Current | 12 | 1 | 13 |
Non-current | - | - | - |
Total 31/01/2023 | 12 | 1 | 13 |
31/01/2024 | 31/01/2023 | |
Euro | 1 | 2 |
Hryvnia | 15 | 11 |
Total | 16 | 13 |
31/01/2024 | 31/01/2023 | |
Less than one year | 16 | 13 |
One to five years | - | - |
Total | 16 | 13 |
31/01/2024 | 31/01/2023 | |
Cash in hand and at banks | 2,386 | 2,530 |
Short-term deposits | 4,208 | 2,830 |
Fixed-income securities | 413 | 201 |
Total cash and cash equivalents | 7,007 | 5,561 |
Current financial investments | 4,415 | 4,522 |
Current financial debt | (16) | (13) |
Non-current financial debt | - | - |
Net financial position | 11,406 | 10,070 |
Loans | Other financial operations | Total | |
Current | 15 | 1 | 16 |
Non-current | - | - | - |
Total 31/01/2024 | 15 | 1 | 16 |
Loans | Other financial operations | Total | |
Current | 12 | 1 | 13 |
Non-current | - | - | - |
Total 31/01/2023 | 12 | 1 | 13 |
31/01/2024 | 31/01/2023 | |
Euro | 1 | 2 |
Hryvnia | 15 | 11 |
Total | 16 | 13 |
31/01/2024 | 31/01/2023 | |
Less than one year | 16 | 13 |
One to five years | - | - |
Total | 16 | 13 |
Other financial assets | 2023 | 2022 |
Fair value of the hedging instruments | 7 | 8 |
Total | 7 | 8 |
Other financial liabilities | 2023 | 2022 |
Fair value of the hedging instruments | 7 | 29 |
Reciprocal call and put options\u00a0 (Note 7) | 19 | 17 |
Total | 26 | 46 |
2023 | |||
OTC derivatives: | |||
Foreign currency forwards | Energy options | Total OTC derivatives | |
Level | 2 | 3 | |
Fair value at 31 January 2024 | 4 | 3 | 7 |
Transfer to income | (4) | 3 | (1) |
Transfer to income from equity | - | - | - |
Income recognised directly in equity | - | - | - |
Fair value at 31 January 2023 | 8 | - | 8 |
2022 | |||
OTC derivatives: | |||
Foreign currency forwards | Energy options | Total OTC derivatives | |
Level | 2 | 3 | |
Fair value at 31 January 2023 | 8 | - | 8 |
Transfer to income | (8) | - | (8) |
Transfer to income from equity | (6) | - | (6) |
Income recognised directly in equity | - | - | - |
Fair value at 31 January 2022 | 22 | - | 22 |
2023 | |||
OTC derivatives: | |||
Foreign currency forwards | Energy options | Total OTC derivatives | |
Level | 2 | 3 | |
Fair value at 31 January 2024 | 7 | - | 7 |
Transfer to income | (10) | - | (10) |
Transfer to income from equity | (13) | - | (13) |
Income recognised directly in equity | 1 | - | 1 |
Fair value at 31 January 2023 | 29 | - | 29 |
2022 | |||
OTC derivatives: | |||
Foreign currency forwards | Energy options | Total OTC derivatives | |
Level | 2 | 3 | |
Fair value at 31 January 2023 | 29 | - | 29 |
Transfer to income | 8 | - | 8 |
Transfer to income from equity | - | - | - |
Income recognised directly in equity | 14 | - | 14 |
Fair value at 31 January 2022 | 7 | - | 7 |
2023 | 2022 | |
Cash and cash equivalents (Note 21) | 7,007 | 5,561 |
Current financial investments (Note 21) | 4,415 | 4,522 |
Trade receivables (Note 12) | 298 | 267 |
Receivable due to sales to franchises (Note 12) | 324 | 323 |
Other current receivables (Note 12) | 132 | 114 |
Guarantees (Note 19) | 225 | 239 |
Total | 12,401 | 11,026 |
31/01/2024 | 31/01/2023 | |
Cash in hand and at banks | 2,386 | 2,530 |
Short-term deposits | 4,208 | 2,830 |
Fixed-income securities | 413 | 201 |
Total cash and cash equivalents | 7,007 | 5,561 |
Current financial investments | 4,415 | 4,522 |
Current financial debt | (16) | (13) |
Non-current financial debt | - | - |
Net financial position | 11,406 | 10,070 |
Other financial assets | 2023 | 2022 |
Fair value of the hedging instruments | 7 | 8 |
Total | 7 | 8 |
Other financial liabilities | 2023 | 2022 |
Fair value of the hedging instruments | 7 | 29 |
Reciprocal call and put options\u00a0 (Note 7) | 19 | 17 |
Total | 26 | 46 |
2023 | |||
OTC derivatives: | |||
Foreign currency forwards | Energy options | Total OTC derivatives | |
Level | 2 | 3 | |
Fair value at 31 January 2024 | 4 | 3 | 7 |
Transfer to income | (4) | 3 | (1) |
Transfer to income from equity | - | - | - |
Income recognised directly in equity | - | - | - |
Fair value at 31 January 2023 | 8 | - | 8 |
2022 | |||
OTC derivatives: | |||
Foreign currency forwards | Energy options | Total OTC derivatives | |
Level | 2 | 3 | |
Fair value at 31 January 2023 | 8 | - | 8 |
Transfer to income | (8) | - | (8) |
Transfer to income from equity | (6) | - | (6) |
Income recognised directly in equity | - | - | - |
Fair value at 31 January 2022 | 22 | - | 22 |
2023 | |||
OTC derivatives: | |||
Foreign currency forwards | Energy options | Total OTC derivatives | |
Level | 2 | 3 | |
Fair value at 31 January 2024 | 7 | - | 7 |
Transfer to income | (10) | - | (10) |
Transfer to income from equity | (13) | - | (13) |
Income recognised directly in equity | 1 | - | 1 |
Fair value at 31 January 2023 | 29 | - | 29 |
2022 | |||
OTC derivatives: | |||
Foreign currency forwards | Energy options | Total OTC derivatives | |
Level | 2 | 3 | |
Fair value at 31 January 2023 | 29 | - | 29 |
Transfer to income | 8 | - | 8 |
Transfer to income from equity | - | - | - |
Income recognised directly in equity | 14 | - | 14 |
Fair value at 31 January 2022 | 7 | - | 7 |
2023 | 2022 | |
Cash and cash equivalents (Note 21) | 7,007 | 5,561 |
Current financial investments (Note 21) | 4,415 | 4,522 |
Trade receivables (Note 12) | 298 | 267 |
Receivable due to sales to franchises (Note 12) | 324 | 323 |
Other current receivables (Note 12) | 132 | 114 |
Guarantees (Note 19) | 225 | 239 |
Total | 12,401 | 11,026 |
Pensions and similar obligation s with personnel | Liability | Other provisions | Total\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 | |
Balance at 01/02/2022 | 74 | 137 | 76 | 287 |
Provisions recorded during the year | 45 | 13 | - | 58 |
Disposals | (1) | (23) | - | (24) |
Transfers | (28) | (3) | (1) | (32) |
Foreign exchange translation differences | (1) | (2) | (3) | (6) |
Balance at 31/01/2023 | 89 | 122 | 72 | 283 |
Balance at 01/02/2023 | 89 | 122 | 72 | 283 |
Provisions recorded during the year | 68 | 70 | - | 138 |
Disposals | - | (10) | - | (10) |
Transfers | (41) | (5) | 5 | (41) |
Foreign exchange translation differences | (3) | - | (5) | (8) |
Balance at 31/01/2024 | 113 | 177 | 72 | 362 |
Lease incentives | Others | \u00a0 \u00a0 \u00a0 Total\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 | |
Balance at 01/02/2022 | 154 | 94 | 248 |
Acquisitions | 59 | - | 59 |
Changes through profit or loss | (1) | 7 | 6 |
Hyperinflation adjustments | 15 | - | 15 |
Transfers | (83) | (21) | (104) |
Foreign exchange translation differences | (2) | - | (2) |
Balance at 31/01/2023 | 142 | 80 | 222 |
Balance at 01/02/2023 | 142 | 80 | 222 |
Acquisitions | 119 | - | 119 |
Changes through profit or loss | - | 18 | 18 |
Hyperinflation adjustments | 3 | - | 3 |
Transfers | (85) | (22) | (107) |
Foreign exchange translation differences | (7) | - | (7) |
Balance at 31/01/2024 | 172 | 76 | 248 |
Other financial assets | 2023 | 2022 |
Fair value of the hedging instruments | 7 | 8 |
Total | 7 | 8 |
Other financial liabilities | 2023 | 2022 |
Fair value of the hedging instruments | 7 | 29 |
Reciprocal call and put options\u00a0 (Note 7) | 19 | 17 |
Total | 26 | 46 |
2023 | |||
OTC derivatives: | |||
Foreign currency forwards | Energy options | Total OTC derivatives | |
Level | 2 | 3 | |
Fair value at 31 January 2024 | 4 | 3 | 7 |
Transfer to income | (4) | 3 | (1) |
Transfer to income from equity | - | - | - |
Income recognised directly in equity | - | - | - |
Fair value at 31 January 2023 | 8 | - | 8 |
2022 | |||
OTC derivatives: | |||
Foreign currency forwards | Energy options | Total OTC derivatives | |
Level | 2 | 3 | |
Fair value at 31 January 2023 | 8 | - | 8 |
Transfer to income | (8) | - | (8) |
Transfer to income from equity | (6) | - | (6) |
Income recognised directly in equity | - | - | - |
Fair value at 31 January 2022 | 22 | - | 22 |
2023 | |||
OTC derivatives: | |||
Foreign currency forwards | Energy options | Total OTC derivatives | |
Level | 2 | 3 | |
Fair value at 31 January 2024 | 7 | - | 7 |
Transfer to income | (10) | - | (10) |
Transfer to income from equity | (13) | - | (13) |
Income recognised directly in equity | 1 | - | 1 |
Fair value at 31 January 2023 | 29 | - | 29 |
2022 | |||
OTC derivatives: | |||
Foreign currency forwards | Energy options | Total OTC derivatives | |
Level | 2 | 3 | |
Fair value at 31 January 2023 | 29 | - | 29 |
Transfer to income | 8 | - | 8 |
Transfer to income from equity | - | - | - |
Income recognised directly in equity | 14 | - | 14 |
Fair value at 31 January 2022 | 7 | - | 7 |
Lease incentives | Others | \u00a0 \u00a0 \u00a0 Total\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 | |
Balance at 01/02/2022 | 154 | 94 | 248 |
Acquisitions | 59 | - | 59 |
Changes through profit or loss | (1) | 7 | 6 |
Hyperinflation adjustments | 15 | - | 15 |
Transfers | (83) | (21) | (104) |
Foreign exchange translation differences | (2) | - | (2) |
Balance at 31/01/2023 | 142 | 80 | 222 |
Balance at 01/02/2023 | 142 | 80 | 222 |
Acquisitions | 119 | - | 119 |
Changes through profit or loss | - | 18 | 18 |
Hyperinflation adjustments | 3 | - | 3 |
Transfers | (85) | (22) | (107) |
Foreign exchange translation differences | (7) | - | (7) |
Balance at 31/01/2024 | 172 | 76 | 248 |
Bershka BSK Espa\u00f1a S.A. | Oysho Dise\u00f1o S.L. |
Bershka Dise\u00f1o S.L. | Oysho Espa\u00f1a S.A. |
Bershka Log\u00edstica S.A. | Oysho Log\u00edstica S.A. |
Choolet S.A. | Plataforma Cabanillas S.A. |
Comditel S.A. | Plataforma Europa S.A. |
Confecciones F\u00edos S.A. | Plataforma Log\u00edstica Le\u00f3n S.A. |
Confecciones Goa S.A. | Plataforma Log\u00edstica Meco S.A. |
Denllo S.A. | Pull&Bear Dise\u00f1o S.L. |
Fashion Logistic Forwarders S.A. | Pull&Bear Espa\u00f1a S.A. |
Fashion Retail S.A. | Pull&Bear Log\u00edstica S.A. |
Glencare S.A. | Stear S.A. |
Goa-Invest S.A. | Stradivarius Dise\u00f1o S.L. |
Grupo Massimo Dutti S.A. | Stradivarius Espa\u00f1a S.A. |
Indipunt S.L. | Stradivarius Log\u00edstica S.A. |
Inditex Log\u00edstica S.A. | Trisko S.A. |
Inditex Renovables S.L. | Zara Dise\u00f1o S.L. |
Inditex S.A. | Zara Espa\u00f1a S.A. |
Lefties Espa\u00f1a S.A. | Zara Home Dise\u00f1o S.L. |
Massimo Dutti Dise\u00f1o S.L. | Zara Home Espa\u00f1a S.A. |
Massimo Dutti Log\u00edstica S.A. | Zara Home Log\u00edstica S.A. |
Massimo Dutti S.A. | Zara Log\u00edstica S.A. |
Nikole Dise\u00f1o S.L. | Zara S.A. |
Nikole S.A. | Zintura S.A. |
2023 | 2022 | |
Current taxes | 1,443 | 1,225 |
Deferred taxes | 32 | (14) |
2023 | 2022 | |
Consolidated accounting profit for the year before taxes | 6,870 | 5,358 |
Tax expense at tax rate in force in the country of the Parent | 1,717 | 1,339 |
Net permanent differences | (112) | (83) |
Effect of application of different tax rates | (111) | (88) |
Adjustments to prior years' taxes | (25) | (17) |
Tax withholdings and other adjustments | 100 | 88 |
Adjustments to deferred tax assets and liabilities | (4) | 5 |
Tax withholdings and tax benefits | (90) | (33) |
Income tax expense | 1,475 | 1,211 |
Deferred tax assets arising from: | 2023 | 2022 |
Provisions | 167 | 155 |
Non-current assets | 183 | 174 |
IFRS 16 | 201 | 207 |
Valuation adjustments | 54 | 64 |
Tax losses | 33 | 36 |
Intra-Group transactions | 224 | 210 |
Other | 312 | 357 |
Total | 1,174 | 1,203 |
Deferred tax liabilities arising from: | 2023 | 2022 |
Intra-Group transactions | 140 | 163 |
IFRS16 | 65 | 73 |
Non-current assets | 96 | 72 |
Valuation adjustments | 11 | 6 |
Other | 82 | 71 |
Total | 394 | 385 |
Deferred tax assets arising from: | 2023 | 2022 |
Opening balance | 1,203 | 1,179 |
Charge/Credit to income statement | 21 | 45 |
Charge/Credit to equity | (8) | 1 |
Transfers | (42) | (22) |
Closing balance | 1,174 | 1,203 |
Deferred tax liabilities arising from: | 2023 | 2022 |
Opening balance | 385 | 359 |
Charge/Credit to income statement | 53 | 31 |
Charge/Credit to equity | (7) | 5 |
Transfers | (37) | (10) |
Closing balance | 394 | 385 |
2023 | 2022 | |
Current taxes | 1,443 | 1,225 |
Deferred taxes | 32 | (14) |
Deferred tax assets arising from: | 2023 | 2022 |
Provisions | 167 | 155 |
Non-current assets | 183 | 174 |
IFRS 16 | 201 | 207 |
Valuation adjustments | 54 | 64 |
Tax losses | 33 | 36 |
Intra-Group transactions | 224 | 210 |
Other | 312 | 357 |
Total | 1,174 | 1,203 |
Deferred tax liabilities arising from: | 2023 | 2022 |
Intra-Group transactions | 140 | 163 |
IFRS16 | 65 | 73 |
Non-current assets | 96 | 72 |
Valuation adjustments | 11 | 6 |
Other | 82 | 71 |
Total | 394 | 385 |
Deferred tax assets arising from: | 2023 | 2022 |
Opening balance | 1,203 | 1,179 |
Charge/Credit to income statement | 21 | 45 |
Charge/Credit to equity | (8) | 1 |
Transfers | (42) | (22) |
Closing balance | 1,174 | 1,203 |
Deferred tax liabilities arising from: | 2023 | 2022 |
Opening balance | 385 | 359 |
Charge/Credit to income statement | 53 | 31 |
Charge/Credit to equity | (7) | 5 |
Transfers | (37) | (10) |
Closing balance | 394 | 385 |
Other financial assets | 2023 | 2022 |
Fair value of the hedging instruments | 7 | 8 |
Total | 7 | 8 |
Other financial liabilities | 2023 | 2022 |
Fair value of the hedging instruments | 7 | 29 |
Reciprocal call and put options\u00a0 (Note 7) | 19 | 17 |
Total | 26 | 46 |
2023 | |||
OTC derivatives: | |||
Foreign currency forwards | Energy options | Total OTC derivatives | |
Level | 2 | 3 | |
Fair value at 31 January 2024 | 4 | 3 | 7 |
Transfer to income | (4) | 3 | (1) |
Transfer to income from equity | - | - | - |
Income recognised directly in equity | - | - | - |
Fair value at 31 January 2023 | 8 | - | 8 |
2022 | |||
OTC derivatives: | |||
Foreign currency forwards | Energy options | Total OTC derivatives | |
Level | 2 | 3 | |
Fair value at 31 January 2023 | 8 | - | 8 |
Transfer to income | (8) | - | (8) |
Transfer to income from equity | (6) | - | (6) |
Income recognised directly in equity | - | - | - |
Fair value at 31 January 2022 | 22 | - | 22 |
2023 | |||
OTC derivatives: | |||
Foreign currency forwards | Energy options | Total OTC derivatives | |
Level | 2 | 3 | |
Fair value at 31 January 2024 | 7 | - | 7 |
Transfer to income | (10) | - | (10) |
Transfer to income from equity | (13) | - | (13) |
Income recognised directly in equity | 1 | - | 1 |
Fair value at 31 January 2023 | 29 | - | 29 |
2022 | |||
OTC derivatives: | |||
Foreign currency forwards | Energy options | Total OTC derivatives | |
Level | 2 | 3 | |
Fair value at 31 January 2023 | 29 | - | 29 |
Transfer to income | 8 | - | 8 |
Transfer to income from equity | - | - | - |
Income recognised directly in equity | 14 | - | 14 |
Fair value at 31 January 2022 | 7 | - | 7 |
Other financial assets | 2023 | 2022 |
Fair value of the hedging instruments | 7 | 8 |
Total | 7 | 8 |
Other financial liabilities | 2023 | 2022 |
Fair value of the hedging instruments | 7 | 29 |
Reciprocal call and put options\u00a0 (Note 7) | 19 | 17 |
Total | 26 | 46 |
2023 | |||
OTC derivatives: | |||
Foreign currency forwards | Energy options | Total OTC derivatives | |
Level | 2 | 3 | |
Fair value at 31 January 2024 | 4 | 3 | 7 |
Transfer to income | (4) | 3 | (1) |
Transfer to income from equity | - | - | - |
Income recognised directly in equity | - | - | - |
Fair value at 31 January 2023 | 8 | - | 8 |
2022 | |||
OTC derivatives: | |||
Foreign currency forwards | Energy options | Total OTC derivatives | |
Level | 2 | 3 | |
Fair value at 31 January 2023 | 8 | - | 8 |
Transfer to income | (8) | - | (8) |
Transfer to income from equity | (6) | - | (6) |
Income recognised directly in equity | - | - | - |
Fair value at 31 January 2022 | 22 | - | 22 |
2023 | |||
OTC derivatives: | |||
Foreign currency forwards | Energy options | Total OTC derivatives | |
Level | 2 | 3 | |
Fair value at 31 January 2024 | 7 | - | 7 |
Transfer to income | (10) | - | (10) |
Transfer to income from equity | (13) | - | (13) |
Income recognised directly in equity | 1 | - | 1 |
Fair value at 31 January 2023 | 29 | - | 29 |
2022 | |||
OTC derivatives: | |||
Foreign currency forwards | Energy options | Total OTC derivatives | |
Level | 2 | 3 | |
Fair value at 31 January 2023 | 29 | - | 29 |
Transfer to income | 8 | - | 8 |
Transfer to income from equity | - | - | - |
Income recognised directly in equity | 14 | - | 14 |
Fair value at 31 January 2022 | 7 | - | 7 |
2023 | |||
OTC derivatives: | |||
Foreign currency forwards | Energy options | Total OTC derivatives | |
Level | 2 | 3 | |
Fair value at 31 January 2024 | 4 | 3 | 7 |
Transfer to income | (4) | 3 | (1) |
Transfer to income from equity | - | - | - |
Income recognised directly in equity | - | - | - |
Fair value at 31 January 2023 | 8 | - | 8 |
2022 | |||
OTC derivatives: | |||
Foreign currency forwards | Energy options | Total OTC derivatives | |
Level | 2 | 3 | |
Fair value at 31 January 2023 | 8 | - | 8 |
Transfer to income | (8) | - | (8) |
Transfer to income from equity | (6) | - | (6) |
Income recognised directly in equity | - | - | - |
Fair value at 31 January 2022 | 22 | - | 22 |
2023 | |||
OTC derivatives: | |||
Foreign currency forwards | Energy options | Total OTC derivatives | |
Level | 2 | 3 | |
Fair value at 31 January 2024 | 7 | - | 7 |
Transfer to income | (10) | - | (10) |
Transfer to income from equity | (13) | - | (13) |
Income recognised directly in equity | 1 | - | 1 |
Fair value at 31 January 2023 | 29 | - | 29 |
2022 | |||
OTC derivatives: | |||
Foreign currency forwards | Energy options | Total OTC derivatives | |
Level | 2 | 3 | |
Fair value at 31 January 2023 | 29 | - | 29 |
Transfer to income | 8 | - | 8 |
Transfer to income from equity | - | - | - |
Income recognised directly in equity | 14 | - | 14 |
Fair value at 31 January 2022 | 7 | - | 7 |
2023 | |||
OTC derivatives: | |||
Foreign currency forwards | Energy options | Total OTC derivatives | |
Level | 2 | 3 | |
Fair value at 31 January 2024 | 4 | 3 | 7 |
Transfer to income | (4) | 3 | (1) |
Transfer to income from equity | - | - | - |
Income recognised directly in equity | - | - | - |
Fair value at 31 January 2023 | 8 | - | 8 |
2022 | |||
OTC derivatives: | |||
Foreign currency forwards | Energy options | Total OTC derivatives | |
Level | 2 | 3 | |
Fair value at 31 January 2023 | 8 | - | 8 |
Transfer to income | (8) | - | (8) |
Transfer to income from equity | (6) | - | (6) |
Income recognised directly in equity | - | - | - |
Fair value at 31 January 2022 | 22 | - | 22 |
2023 | |||
OTC derivatives: | |||
Foreign currency forwards | Energy options | Total OTC derivatives | |
Level | 2 | 3 | |
Fair value at 31 January 2024 | 7 | - | 7 |
Transfer to income | (10) | - | (10) |
Transfer to income from equity | (13) | - | (13) |
Income recognised directly in equity | 1 | - | 1 |
Fair value at 31 January 2023 | 29 | - | 29 |
2022 | |||
OTC derivatives: | |||
Foreign currency forwards | Energy options | Total OTC derivatives | |
Level | 2 | 3 | |
Fair value at 31 January 2023 | 29 | - | 29 |
Transfer to income | 8 | - | 8 |
Transfer to income from equity | - | - | - |
Income recognised directly in equity | 14 | - | 14 |
Fair value at 31 January 2022 | 7 | - | 7 |
2023 | 2022 | |
Property, plant and equipment | 252 | 254 |
Others | 39 | 36 |
Non-current assets | 291 | 290 |
Inventories | 274 | 330 |
Trade and other receivables | 479 | 436 |
Cash and cash equivalents | 14 | 24 |
Current assets | 767 | 790 |
Non-current liabilities | (26) | (27) |
Trade and other payables | (337) | (393) |
Others | (2) | (9) |
Current liabilities | (339) | (402) |
Net assets | 693 | 651 |
2023 | 2022 | |
Net sales | 1,508 | 1,408 |
Gross profit | 418 | 396 |
Operating expenses | (232) | (246) |
Amortisation and depreciation | (27) | (25) |
Net operating profit (EBIT) | 159 | 125 |
Net profit | 142 | 105 |
Name or company name of director | % Voting rights attached to shares | % Voting rights through financial instruments | % Total voting rights | From the total number of voting rights attached to shares, indicate, where appropriate, the additional votes attached to shares with a loyalty vote | |||
Direct | Indirect | Direct | Indirect | Direct | Indirect | ||
Ms Marta Ortega P\u00e9rez | 0.0014% | - | - | - | 0.0014% | - | - |
Mr Amancio Ortega Gaona 1 | - | 59.2940% | - | - | 59.2940% | - | - |
Mr \u00d3scar Garc\u00eda Maceiras | 0.0013% | - | - | - | 0.0013% | - | - |
Mr Jos\u00e9 Arnau Sierra | 0.0010% | - | - | - | 0.0010% | - | - |
Pontegadea Inversiones, S.L. 2 | 50.0100% | - | - | - | 50.0100% | - | - |
Bns Denise Patricia Kingsmill | - | - | - | - | - | - | - |
Ms Anne Lange | - | - | - | - | - | - | - |
Ms Pilar L\u00f3pez \u00c1lvarez | 0.0002% | - | - | - | 0.0002% | - | - |
Mr Jos\u00e9 Luis Dur\u00e1n Schulz | 0.0001% | - | - | - | 0.0001% | - | - |
Mr\u00a0 Rodrigo Echenique Gordillo | 0.0006% | - | - | - | 0.0006% | - | - |
Total | 59.299% | ||||||
\u00b9 Through Pontegadea Inversiones, S.L. and Partler Participaciones, S.L.U. (Partler 2006, S.L. holds a 100% stake in the latter's share capital and the former is controlled by Mr Ortega Gaona) | |||||||
\u00b2 Represented by Ms Flora P\u00e9rez Marcote |
Company | 2023 | 2022 |
Jointly controlled entities | (1,163) | (1,025) |
31/01/2024 | 31/01/2023 | |
Trade and other receivables | 33 | 37 |
Non-current financial investments | 339 | 317 |
Trade and other payables | 448 | 389 |
Current financial debt | - | 2 |
Company name of significant shareholder | Nature of relationship | Type of operation | 2023 | 2022 |
Pontegadea Inversiones, S.L., Partler Participaciones, S.L.U., Partler 2006, S.L. or related entities or persons | Contractual | Lease of assets | (39) | (40) |
Contractual | Services (construction work) | 40 | 21 | |
Contractual | Other income | - | 2 | |
Contractual | Purchase of assets | (46) | - | |
Rosp Corunna Participaciones Empresariales, S.L. or related entities or persons | Contractual | Lease of assets | (1) | (1) |
Name or company name of the Director | Type | Remuneration of Board members | Remuneration of the\u00a0 Deputy Chair of the Board of Directors | Remuneration for serving on Committees and other Board of Directors | Remuneration for chairing Committees | Fixed remuneration | Variable remuneration 2023 | Mult-year\u00a0 variable remuneration (cash and shares) 2023 | Compensation | Total 2023 |
Ms Marta Ortega P\u00e9rez | Propietary | 100 | 900 | - | - | - | - | - | - | 1,000 |
Mr \u00d3scar Garc\u00eda Maceiras | Executive | 100 | - | - | - | 2,500 | 3,750 | 3,971 | - | 10,321 |
Mr Amancio Ortega Gaona | Propietary | 100 | - | - | - | - | - | - | - | 100 |
Mr Jos\u00e9 Arnau Sierra | Propietary | 100 | 80 | 200 | - | - | - | - | - | 380 |
PONTEGADEA INVERSIONES S.L. (1) | Propietary | 100 | - | - | - | - | - | - | - | 100 |
Bns Denise Patricia Kingsmill | Independent | 100 | - | 150 | 50 | - | - | - | - | 300 |
Ms Anne Lange | Independent | 100 | - | 150 | - | - | - | - | - | 250 |
Ms Pilar L\u00f3pez \u00c1lvarez | Independent | 100 | - | 150 | 50 | - | - | - | - | 300 |
Mr Jose Luis Dur\u00e1n Schulz | Independent | 100 | - | 150 | 50 | - | - | - | - | 300 |
Mr Rodrigo Echenique Gordillo | Independent | 100 | - | 150 | 50 | - | - | - | - | 300 |
Mr\u00a0 Emilio Saracho Rodr\u00edguez de Torres (2) | Affiliate | 45 | - | 66 | - | - | - | - | - | 111 |
TOTAL | 1,045 | 980 | 1,016 | 200 | 2,500 | 3,750 | 3,971 | - | 13,462 | |
Notes: | ||||||||||
(1) Represented by Ms Flora P\u00e9rez Marcote. (2) The effective date of his resignation was 11 July 2023. |
2023 | |
SENIOR MANAGEMENT | |
Remuneration | 113,583 |
Termination benefits | 2,888 |
Total | 116,471 |
Name or company name of the Director | Type | Remuneration of Board members | Remuneration of the Deputy Chair of the Board of Directors | Remuneration for serving on Comittees and other Board of Directors | Remuneration for chairing Committees | Fixed remuneration | Variable remuneration 2022 | Multi-year\u00a0 variable remuneration (cash and shares) 2022 | Compensation | Total 2022 |
Ms Marta Ortega P\u00e9rez (1) | Propietary | 834 | - | - | - | - | - | - | - | 834 |
Mr \u00d3scar Garc\u00eda Maceiras | Executive | 100 | - | - | - | 2,041 | 3,750 | 2,483 | - | 8,374 |
Mr Amancio Ortega Gaona | Propietary | 100 | - | - | - | - | - | - | - | 100 |
Mr Jos\u00e9 Arnau Sierra | Propietary | 100 | 80 | 200 | - | - | - | - | - | 380 |
PONTEGADEA INVERSIONES S.L. (2) | Propietary | 100 | - | - | - | - | - | - | - | 100 |
Bns Denise Patricia Kingsmill | Independent | 100 | - | 150 | 50 | - | - | - | - | 300 |
Ms Anne Lange | Independent | 100 | - | 150 | - | - | - | - | - | 250 |
Ms Pilar L\u00f3pez \u00c1lvarez | Independent | 100 | - | 150 | 50 | - | - | - | - | 300 |
Mr Jose Luis Dur\u00e1n Schulz | Independent | 100 | - | 150 | 28 | - | - | - | - | 278 |
Mr Rodrigo Echenique Gordillo | Independent | 100 | - | 150 | 50 | - | - | - | - | 300 |
Mr\u00a0 Emilio Saracho Rodr\u00edguez de Torres | Affiliate | 100 | - | 150 | 22 | - | - | - | - | 272 |
Mr Pablo Isla \u00c1lvarez de Tejera (3) | Executive | 16 | - | - | - | 597 | 788 | 2,819 | 22,990 | 27,210 |
TOTAL | 1,850 | 80 | 1,100 | 200 | 2,638 | 4,538 | 5,302 | 22,990 | 38,698 | |
Notes: | ||||||||||
(1) The remuneration for financial year 2022 corresponds to the portion accrued in the period from 1 April 2022, the effective date of her appointment as new Chair (non- executive), through 31 January 2023. (2) Represented by Ms Flora P\u00e9rez Marcote. (3) The effective date of his resignation was 31 March 2022. |
2022 | |
SENIOR MANAGEMENT | |
Remuneration | 92,020 |
Termination benefits | 12,761 |
Total | 104,781 |
Name or company name of director | % Voting rights attached to shares | % Voting rights through financial instruments | % Total voting rights | From the total number of voting rights attached to shares, indicate, where appropriate, the additional votes attached to shares with a loyalty vote | |||
Direct | Indirect | Direct | Indirect | Direct | Indirect | ||
Ms Marta Ortega P\u00e9rez | 0.0014% | - | - | - | 0.0014% | - | - |
Mr Amancio Ortega Gaona 1 | - | 59.2940% | - | - | 59.2940% | - | - |
Mr \u00d3scar Garc\u00eda Maceiras | 0.0013% | - | - | - | 0.0013% | - | - |
Mr Jos\u00e9 Arnau Sierra | 0.0010% | - | - | - | 0.0010% | - | - |
Pontegadea Inversiones, S.L. 2 | 50.0100% | - | - | - | 50.0100% | - | - |
Bns Denise Patricia Kingsmill | - | - | - | - | - | - | - |
Ms Anne Lange | - | - | - | - | - | - | - |
Ms Pilar L\u00f3pez \u00c1lvarez | 0.0002% | - | - | - | 0.0002% | - | - |
Mr Jos\u00e9 Luis Dur\u00e1n Schulz | 0.0001% | - | - | - | 0.0001% | - | - |
Mr\u00a0 Rodrigo Echenique Gordillo | 0.0006% | - | - | - | 0.0006% | - | - |
Total | 59.299% | ||||||
\u00b9 Through Pontegadea Inversiones, S.L. and Partler Participaciones, S.L.U. (Partler 2006, S.L. holds a 100% stake in the latter's share capital and the former is controlled by Mr Ortega Gaona) | |||||||
\u00b2 Represented by Ms Flora P\u00e9rez Marcote |
Name or company name of the Director | Type | Remuneration of Board members | Remuneration of the\u00a0 Deputy Chair of the Board of Directors | Remuneration for serving on Committees and other Board of Directors | Remuneration for chairing Committees | Fixed remuneration | Variable remuneration 2023 | Mult-year\u00a0 variable remuneration (cash and shares) 2023 | Compensation | Total 2023 |
Ms Marta Ortega P\u00e9rez | Propietary | 100 | 900 | - | - | - | - | - | - | 1,000 |
Mr \u00d3scar Garc\u00eda Maceiras | Executive | 100 | - | - | - | 2,500 | 3,750 | 3,971 | - | 10,321 |
Mr Amancio Ortega Gaona | Propietary | 100 | - | - | - | - | - | - | - | 100 |
Mr Jos\u00e9 Arnau Sierra | Propietary | 100 | 80 | 200 | - | - | - | - | - | 380 |
PONTEGADEA INVERSIONES S.L. (1) | Propietary | 100 | - | - | - | - | - | - | - | 100 |
Bns Denise Patricia Kingsmill | Independent | 100 | - | 150 | 50 | - | - | - | - | 300 |
Ms Anne Lange | Independent | 100 | - | 150 | - | - | - | - | - | 250 |
Ms Pilar L\u00f3pez \u00c1lvarez | Independent | 100 | - | 150 | 50 | - | - | - | - | 300 |
Mr Jose Luis Dur\u00e1n Schulz | Independent | 100 | - | 150 | 50 | - | - | - | - | 300 |
Mr Rodrigo Echenique Gordillo | Independent | 100 | - | 150 | 50 | - | - | - | - | 300 |
Mr\u00a0 Emilio Saracho Rodr\u00edguez de Torres (2) | Affiliate | 45 | - | 66 | - | - | - | - | - | 111 |
TOTAL | 1,045 | 980 | 1,016 | 200 | 2,500 | 3,750 | 3,971 | - | 13,462 | |
Notes: | ||||||||||
(1) Represented by Ms Flora P\u00e9rez Marcote. (2) The effective date of his resignation was 11 July 2023. |
2023 | |
SENIOR MANAGEMENT | |
Remuneration | 113,583 |
Termination benefits | 2,888 |
Total | 116,471 |
Name or company name of the Director | Type | Remuneration of Board members | Remuneration of the Deputy Chair of the Board of Directors | Remuneration for serving on Comittees and other Board of Directors | Remuneration for chairing Committees | Fixed remuneration | Variable remuneration 2022 | Multi-year\u00a0 variable remuneration (cash and shares) 2022 | Compensation | Total 2022 |
Ms Marta Ortega P\u00e9rez (1) | Propietary | 834 | - | - | - | - | - | - | - | 834 |
Mr \u00d3scar Garc\u00eda Maceiras | Executive | 100 | - | - | - | 2,041 | 3,750 | 2,483 | - | 8,374 |
Mr Amancio Ortega Gaona | Propietary | 100 | - | - | - | - | - | - | - | 100 |
Mr Jos\u00e9 Arnau Sierra | Propietary | 100 | 80 | 200 | - | - | - | - | - | 380 |
PONTEGADEA INVERSIONES S.L. (2) | Propietary | 100 | - | - | - | - | - | - | - | 100 |
Bns Denise Patricia Kingsmill | Independent | 100 | - | 150 | 50 | - | - | - | - | 300 |
Ms Anne Lange | Independent | 100 | - | 150 | - | - | - | - | - | 250 |
Ms Pilar L\u00f3pez \u00c1lvarez | Independent | 100 | - | 150 | 50 | - | - | - | - | 300 |
Mr Jose Luis Dur\u00e1n Schulz | Independent | 100 | - | 150 | 28 | - | - | - | - | 278 |
Mr Rodrigo Echenique Gordillo | Independent | 100 | - | 150 | 50 | - | - | - | - | 300 |
Mr\u00a0 Emilio Saracho Rodr\u00edguez de Torres | Affiliate | 100 | - | 150 | 22 | - | - | - | - | 272 |
Mr Pablo Isla \u00c1lvarez de Tejera (3) | Executive | 16 | - | - | - | 597 | 788 | 2,819 | 22,990 | 27,210 |
TOTAL | 1,850 | 80 | 1,100 | 200 | 2,638 | 4,538 | 5,302 | 22,990 | 38,698 | |
Notes: | ||||||||||
(1) The remuneration for financial year 2022 corresponds to the portion accrued in the period from 1 April 2022, the effective date of her appointment as new Chair (non- executive), through 31 January 2023. (2) Represented by Ms Flora P\u00e9rez Marcote. (3) The effective date of his resignation was 31 March 2022. |
2022 | |
SENIOR MANAGEMENT | |
Remuneration | 92,020 |
Termination benefits | 12,761 |
Total | 104,781 |
2023 | 2022 | |
Audit services | 7.2 | 6.7 |
Other assurance services | 0.6 | 0.1 |
Total audit and similar services | 7.8 | 6.8 |
Tax services | 0.1 | 0.1 |
Other services | - | - |
Total professional services | 7.9 | 6.9 |
Company | Effective % of ownership | Location | Consolidation method | Reporting date | Concept | Line of business |
Subsidiaries: | ||||||
Industria De Dise\u00f1o Textil, S.A. (Inditex, S.A.) | Parent | A Coru\u00f1a - Spain | Full Consol. | 31-jan | \u2014 | Parent |
Bershka Bsk Espa\u00f1a, S.A. | 100.00% | Barcelona - Spain | Full Consol. | 31-jan | Bershka | Retail sales |
Bershka Commercial (Beijing) Co. Ltd. | 100.00% | Beijing - Mainland China | Full Consol. | 31-dec | Bershka | Retail sales |
Bershka Commercial (Shanghai) Co., Ltd. | 100.00% | Shanghai - Mainland China | Full Consol. | 31-dec | Bershka | Retail sales |
Bershka Dise\u00f1o, S.L. | 100.00% | Barcelona - Spain | Full Consol. | 31-jan | Bershka | Design |
Bershka France, S.A.R.L. | 100.00% | Paris - France | Full Consol. | 31-jan | Bershka | Retail sales |
Bershka Hong Kong, Ltd. | 100.00% | Hong Kong SAR | Full Consol. | 31-jan | Bershka | Retail sales |
Bershka Korea, Ltd. | 100.00% | Seoul - South Korea | Full Consol. | 31-jan | Bershka | Retail sales |
Bershka Log\u00edstica, S.A. | 100.00% | Barcelona - Spain | Full Consol. | 31-jan | Bershka | Logistics |
Bershka Polska, Sp. Z O.O. | 100.00% | Warsaw - Poland | Full Consol. | 31-jan | Bershka | Retail sales |
Bershka Usa, Inc | 100.00% | New York - USA | Full Consol. | 31-jan | Bershka | Dormant |
Best Retail Kazakhstan, Llp | 100.00% | Almaty - Kazakhstan | Full Consol. | 31-dec | Bershka | Retail sales |
Bske, Gmbh | 100.00% | Hamburg - Germany | Full Consol. | 31-jan | Bershka | Holding company |
Kg Bershka Deutschland, B.V. & Co. | 100.00% | Hamburg - Germany | Full Consol. | 31-jan | Bershka | Retail sales |
Limited Liability Company \"Bk Garments Blr\" | 100.00% | Minsk - Belarus | Full Consol. | 31-dec | Bershka | Retail sales |
Grupo Massimo Dutti, S.A. | 100.00% | Barcelona - Spain | Full Consol. | 31-jan | Massimo Dutti | Retail sales |
Kg Massimo Dutti Deutschland, B.V. & Co. | 100.00% | Hamburg - Germany | Full Consol. | 31-jan | Massimo Dutti | Retail sales |
Limited Liability Company \"Massimo Dutti Blr\" | 100.00% | Minsk - Belarus | Full Consol. | 31-dec | Massimo Dutti | Retail sales |
Massimo Dutti Belux, S.A. | 100.00% | Brussels - Belgium | Full Consol. | 31-jan | Massimo Dutti | Retail sales |
Massimo Dutti Commercial (Beijing) Co. Ltd. | 100.00% | Beijing - Mainland China | Full Consol. | 31-dec | Massimo Dutti | Retail sales |
Massimo Dutti Commercial (Shanghai) Co. Ltd. | 100.00% | Shanghai - Mainland China | Full Consol. | 31-dec | Massimo Dutti | Retail sales |
Massimo Dutti Deutschland, Gmbh | 100.00% | Hamburg - Germany | Full Consol. | 31-jan | Massimo Dutti | Holding company |
Massimo Dutti Dise\u00f1o, S.L. | 100.00% | Barcelona - Spain | Full Consol. | 31-jan | Massimo Dutti | Design |
Massimo Dutti France, S.A.R.L. | 100.00% | Paris - France | Full Consol. | 31-jan | Massimo Dutti | Retail sales |
Massimo Dutti Hong Kong, Ltd. | 100.00% | Hong Kong SAR | Full Consol. | 31-jan | Massimo Dutti | Dormant |
Massimo Dutti India Private Limited | 51.00% | Gurgaon - India | Full Consol. | 31-mar. | Massimo Dutti | Retail sales |
Massimo Dutti Log\u00edstica, S.A. | 100.00% | Barcelona - Spain | Full Consol. | 31-jan | Massimo Dutti | Logistics |
Massimo Dutti Macau Limitada | 100.00% | Macao SAR | Full Consol. | 31-dec | Massimo Dutti | Retail sales |
Massimo Dutti Polska, Sp. Z O.O. | 100.00% | Warsaw - Poland | Full Consol. | 31-jan | Massimo Dutti | Retail sales |
Massimo Dutti Usa, Inc. | 100.00% | New York - USA | Full Consol. | 31-jan | Massimo Dutti | Retail sales |
Massimo Dutti, S.A. | 100.00% | A Coru\u00f1a - Spain | Full Consol. | 31-jan | Massimo Dutti | Dormant |
Master Retail Kazakhstan, Llp | 100.00% | Almaty - Kazakhstan | Full Consol. | 31-dec | Massimo Dutti | Retail sales |
\"Itx Albania\" Shpk | 100.00% | Tirana - Albania | Full Consol. | 31-dec | Multi-concept | Retail sales |
\"Itx Kosovo\" L.L.C. | 100.00% | Pristina | Full Consol. | 31-dec | Multi-concept | Retail sales |
Cdc Trading (Shanghai) Co. Ltd. | 100.00% | Shanghai - Mainland China | Full Consol. | 31-dec | Multi-concept | Buyer |
Company | Effective % of ownership | Location | Consolidation method | Reporting date | Concept | Line of business |
Corporacion De Servicios XXI, S.A. De C.V. | 100.00% | Mexico City - Mexico | Full Consol. | 31-dec | Multi-concept | Services |
Fashion Logistics Forwarders, S.A. | 100.00% | A Coru\u00f1a - Spain | Full Consol. | 31-jan | Multi-concept | Logistics |
Fashion Retail, S.A. | 100.00% | A Coru\u00f1a - Spain | Full Consol. | 31-jan | Multi-concept | Retail sales |
Fgi Gesti\u00f3n Mex, S.A. De C.V. | 100.00% | Mexico City - Mexico | Full Consol. | 31-dec | Multi-concept | Construction |
Goa-Invest Deutschland, Gmbh | 100.00% | Hamburg - Germany | Full Consol. | 31-jan | Multi-concept | Construction |
Goa-Invest, S.A. | 100.00% | A Coru\u00f1a - Spain | Full Consol. | 31-jan | Multi-concept | Construction |
Indipunt, S.L. | 100.00% | A Coru\u00f1a - Spain | Full Consol. | 31-jan | Multi-concept | Logistics |
Inditex Belgique S.A. | 100.00% | Brussels - Belgium | Full Consol. | 31-jan | Multi-concept | Retail sales |
Inditex Cesk\u00e1 Republika, S.R.O. | 100.00% | Prague - Czech Republic | Full Consol. | 31-jan | Multi-concept | Retail sales |
Inditex Danmark A/S | 100.00% | Copenhaguen - Denmark | Full Consol. | 31-jan | Multi-concept | Retail sales |
Inditex France, S.A.R.L. | 100.00% | Paris - France | Full Consol. | 31-jan | Multi-concept | Dormant |
Inditex Montenegro, D.O.O. Podgorica | 100.00% | Podgorica - Montenegro | Full Consol. | 31-dec | Multi-concept | Retail sales |
Inditex Norge As | 100.00% | Oslo - Norway | Full Consol. | 31-jan | Multi-concept | Retail sales |
Inditex \u00d6sterreich Gmbh | 100.00% | Vienna - Austria | Full Consol. | 31-jan | Multi-concept | Retail sales |
Inditex Renovables, S.L. | 100.00% | A Coru\u00f1a - Spain | Full Consol. | 31-jan | Multi-concept | Services |
Inditex Romania, S.R.L. | 100.00% | Bucharest - Romania | Full Consol. | 31-dec | Multi-concept | Retail sales |
Inditex Slovakia, S.R.O. | 100.00% | Bratislava - Slovakia | Full Consol. | 31-jan | Multi-concept | Retail sales |
Inditex Ukraine Llc | 100.00% | Kiev - Ukraine | Full Consol. | 31-dec | Multi-concept | Retail sales |
Inditex Usa, Llc | 100.00% | New York - USA | Full Consol. | 31-jan | Multi-concept | Holding company |
Itx Asia Pacific Enterprise Management, Co., Ltd. | 100.00% | Shanghai - Mainland China | Full Consol. | 31-dec | Multi-concept | Buyer |
Itx Bh D.O.O. | 100.00% | Sarajevo - Bosnia Herzegovina | Full Consol. | 31-dec | Multi-concept | Retail sales |
Itx Bulgaria Eood | 100.00% | Sofia - Bulgaria | Full Consol. | 31-dec | Multi-concept | Retail sales |
Itx Canada, Ltd | 100.00% | Montreal - Canada | Full Consol. | 31-jan | Multi-concept | Retail sales |
Itx Croatia, Ltd. | 100.00% | Zagreb - Croatia | Full Consol. | 31-jan | Multi-concept | Retail sales |
Itx E-Commerce (Shanghai) Co., Ltd. | 100.00% | Shanghai - Mainland China | Full Consol. | 31-dec | Multi-concept | Retail sales |
Itx Financien III, B.V. | 100.00% | Amsterdam - Netherlands | Full Consol. | 31-jan | Multi-concept | Financial services |
Itx Financi\u00ebn, B.V. | 100.00% | Amsterdam - Netherlands | Full Consol. | 31-jan | Multi-concept | Financial services |
Itx Finland Oy | 100.00% | Helsinki - Finland | Full Consol. | 31-jan | Multi-concept | Retail sales |
Itx Global Solutions Limited | 100.00% | Hong Kong SAR | Full Consol. | 31-jan | Multi-concept | Services |
Itx Hellas Single Member S.A. | 100.00% | Athens - Greece | Full Consol. | 31-jan | Multi-concept | Retail sales |
Itx Italia Srl | 100.00% | Milan - Italy | Full Consol. | 31-jan | Multi-concept | Retail sales |
Itx Japan Corporation | 100.00% | Tokyo - Japan | Full Consol. | 31-jan | Multi-concept | Retail sales |
Itx Korea Limited | 100.00% | Seoul - South Korea | Full Consol. | 31-jan | Multi-concept | Retail sales |
Itx Luxembourg S.A. | 100.00% | Luxembourg - Luxembourg | Full Consol. | 31-jan | Multi-concept | Retail sales |
Itx Magyarorsz\u00e1g Kft. | 100.00% | Budapest - Hungary | Full Consol. | 31-jan | Multi-concept | Retail sales |
Itx Merken, B.V. | 100.00% | Amsterdam - Netherlands | Full Consol. | 31-jan | Multi-concept | Services |
Itx Nederland Bv | 100.00% | Amsterdam - Netherlands | Full Consol. | 31-jan | Multi-concept | Retail sales |
Itx Portugal - Confec\u00e7\u00f5es, S.A. | 100.00% | Lisbon - Portugal | Full Consol. | 31-jan | Multi-concept | Retail sales |
Company | Effective % of ownership | Location | Consolidation method | Reporting date | Concept | Line of business |
Itx Re Designated Activity Company | 100.00% | Dublin - Ireland | Full Consol. | 31-jan | Multi-concept | Insurance |
Itx Retail Ireland Limited | 100.00% | Dublin - Ireland | Full Consol. | 31-jan | Multi-concept | Retail sales |
Itx Retail Mexico, S.A. De C.V. | 100.00% | Mexico City - Mexico | Full Consol. | 31-dec | Multi-concept | Retail sales |
Itx Retail Suisse Sarl | 100.00% | Fribourg - Switzerland | Full Consol. | 31-jan | Multi-concept | Retail sales |
Itx Rs Doo Beograd | 100.00% | Belgrade - Serbia | Full Consol. | 31-jan | Multi-concept | Retail sales |
Itx S, D.O.O | 100.00% | Ljubljana - Slovenia | Full Consol. | 31-jan | Multi-concept | Retail sales |
Itx Services India Private Limited | 100.00% | Gurgaon - India | Full Consol. | 31-mar | Multi-concept | Buyer |
Itx Sverige Ab | 100.00% | Stockholm - Sweden | Full Consol. | 31-jan | Multi-concept | Retail sales |
Itx Taiwan B.V. Taiwan Branch | 100.00% | Taipei - Taiwan, China | Full Consol. | 31-jan | Multi-concept | Retail sales |
Itx Trading, S.A. | 100.00% | Fribourg - Switzerland | Full Consol. | 31-jan | Multi-concept | Buyer |
Itx Tryfin B.V. | 100.00% | Amsterdam - Netherlands | Full Consol. | 31-jan | Multi-concept | Financial services |
Itx Turkey Perakende Ithalat Ihracat Ve Ticaret Limited Sirketi | 100.00% | Istanbul - T\u00fcrkiye | Full Consol. | 31-jan | Multi-concept | Retail sales |
Itx Uk Ltd. | 100.00% | London - UK | Full Consol. | 31-jan | Multi-concept | Retail sales |
Itx Usa, Llc | 100.00% | New York - USA | Full Consol. | 31-jan | Multi-concept | Retail sales |
Itxr Macedonia Dooel Skopje | 100.00% | Skopje - North Macedonia Rep. | Full Consol. | 31-dec | Multi-concept | Retail sales |
Lelystad Platform, B.V. | 100.00% | Amsterdam - Netherlands | Full Consol. | 31-jan | Multi-concept | Logistics |
Nueva Comercializadora Global XXI, S.A. De C.V. | 100.00% | Mexico City - Mexico | Full Consol. | 31-dec | Multi-concept | Logistics |
Plataforma Log\u00edstica Meco, S.A. | 100.00% | Madrid - Spain | Full Consol. | 31-jan | Multi-concept | Logistics |
Zara Chile, S.A. | 100.00% | Santiago de Chile - Chile | Full Consol. | 31-dec | Multi-concept | Retail sales |
Zara Holding II, B.V. | 100.00% | Amsterdam - Netherlands | Full Consol. | 31-jan | Multi-concept | Holding company |
Zara Holding, B.V. | 100.00% | Amsterdam - Netherlands | Full Consol. | 31-jan | Multi-concept | Holding company |
Zara Commercial (Shanghai) Co. Ltd. | 100.00% | Shanghai - Mainland China | Full Consol. | 31-dec | Multi-concept | Retail sales |
Limited Liability Company \"Oysho Blr\" | 100.00% | Minsk - Belarus | Full Consol. | 31-dec | Oysho | Retail sales |
Oysho Dise\u00f1o, S.L. | 100.00% | Barcelona - Spain | Full Consol. | 31-jan | Oysho | Design |
Oysho Espa\u00f1a, S.A. | 100.00% | Barcelona - Spain | Full Consol. | 31-jan | Oysho | Retail sales |
Oysho France, S.A.R.L. | 100.00% | Paris - France | Full Consol. | 31-jan | Oysho | Retail sales |
Oysho Hong Kong Limited | 100.00% | Hong Kong SAR | Full Consol. | 31-jan | Oysho | Retail sales |
Oysho Kazakhstan, Llp | 100.00% | Almaty - Kazakhstan | Full Consol. | 31-dec | Oysho | Retail sales |
Oysho Korea, Ltd. | 100.00% | Seoul - South Korea | Full Consol. | 31-jan | Oysho | Retail sales |
Oysho Log\u00edstica, S.A. | 100.00% | Barcelona - Spain | Full Consol. | 31-jan | Oysho | Logistics |
Oysho Macau Limitada | 100.00% | Macao SAR | Full Consol. | 31-dec | Oysho | Retail sales |
Oysho Polska, Sp. Z O.O. | 100.00% | Warsaw - Poland | Full Consol. | 31-jan | Oysho | Retail sales |
Itx Taiwan B.V. Pull & Bear Taiwan Branch | 100.00% | Taipei - Taiwan, China | Full Consol. | 31-jan | Pull & Bear | Retail sales |
Limited Liability Company \"Pull And Bear Blr\" | 100.00% | Minsk - Belarus | Full Consol. | 31-dec | Pull & Bear | Retail sales |
P&Be, Gmbh | 100.00% | Hamburg - Germany | Full Consol. | 31-jan | Pull & Bear | Holding company |
Plataforma Cabanillas, S.A. | 100.00% | A Coru\u00f1a - Spain | Full Consol. | 31-jan | Pull & Bear | Logistics |
Company | Effective % of ownership | Location | Consolidation method | Reporting date | Concept | Line of business |
Pro Retail Kazakhstan, Llp | 100.00% | Almaty - Kazakhstan | Full Consol. | 31-dec | Pull & Bear | Retail sales |
Pull & Bear Belgique, S.A. | 100.00% | Brussels - Belgium | Full Consol. | 31-jan | Pull & Bear | Retail sales |
Pull & Bear Commercial (Beijing) Co. Ltd. | 100.00% | Beijing - Mainland China | Full Consol. | 31-dec | Pull & Bear | Retail sales |
Pull & Bear Deutschland, B.V. & Co. Kg | 100.00% | Hamburg - Germany | Full Consol. | 31-jan | Pull & Bear | Retail sales |
Pull & Bear Dise\u00f1o, S.L. | 100.00% | A Coru\u00f1a - Spain | Full Consol. | 31-jan | Pull & Bear | Design |
Pull & Bear Espa\u00f1a, S.A. | 100.00% | A Coru\u00f1a - Spain | Full Consol. | 31-jan | Pull & Bear | Retail sales |
Pull & Bear France, S.A.R.L. | 100.00% | Paris - France | Full Consol. | 31-jan | Pull & Bear | Retail sales |
Pull & Bear Log\u00edstica, S.A. | 100.00% | A Coru\u00f1a - Spain | Full Consol. | 31-jan | Pull & Bear | Logistics |
Pull & Bear Polska, Sp. Z O.O. | 100.00% | Warsaw - Poland | Full Consol. | 31-jan | Pull & Bear | Retail sales |
Pull And Bear Hong Kong, Ltd. | 100.00% | Hong Kong SAR | Full Consol. | 31-jan | Pull & Bear | Retail sales |
Limited Liability Company \"Stradivarius Blr\" | 100.00% | Minsk - Belarus | Full Consol. | 31-dec | Stradivarius | Retail sales |
Spanish Retail Kazakhstan, Llp | 100.00% | Almaty - Kazakhstan | Full Consol. | 31-dec | Stradivarius | Retail sales |
Stradivarius Belgique, S.A. | 100.00% | Brussels - Belgium | Full Consol. | 31-jan | Stradivarius | Retail sales |
Stradivarius Cis Limited Liability Company | 100.00% | Moscow - Russia | Full Consol. | 31-dec | Stradivarius | Retail sales |
Stradivarius Commercial (Shanghai) Co. Ltd | 100.00% | Shanghai - Mainland China | Full Consol. | 31-dec | Stradivarius | Retail sales |
Stradivarius Dise\u00f1o, S.L. | 100.00% | Barcelona - Spain | Full Consol. | 31-jan | Stradivarius | Design |
Stradivarius Espa\u00f1a, S.A. | 100.00% | Barcelona - Spain | Full Consol. | 31-jan | Stradivarius | Retail sales |
Stradivarius France, S.A.R.L. | 100.00% | Paris - France | Full Consol. | 31-jan | Stradivarius | Retail sales |
Stradivarius Hong Kong, Ltd. | 100.00% | Hong Kong SAR | Full Consol. | 31-jan | Stradivarius | Retail sales |
Stradivarius Log\u00edstica, S.A. | 100.00% | Barcelona - Spain | Full Consol. | 31-jan | Stradivarius | Logistics |
Stradivarius Polska, Sp. Z O.O. | 100.00% | Warsaw - Poland | Full Consol. | 31-jan | Stradivarius | Retail sales |
Uterq\u00fce Giyim Ithalat Ihracat Ve Ticaret Limited Sirketi | 100.00% | Istanbul - T\u00fcrkiye | Full Consol. | 31-jan | Uterq\u00fce | Dormant |
Uterq\u00fce Kazakhstan Llp | 100.00% | Almaty - Kazakhstan | Full Consol. | 31-dec | Uterq\u00fce | Dormant |
Uterq\u00fce Polska Sp. Z O.O. | 100.00% | Warsaw - Poland | Full Consol. | 31-jan | Uterq\u00fce | Dormant |
Choolet, S.A. | 100.00% | A Coru\u00f1a - Spain | Full Consol. | 31-jan | Zara | Textile Manufacturing |
Comditel, S.A. | 100.00% | Barcelona - Spain | Full Consol. | 31-jan | Zara | Buyer |
Confecciones Fios, S.A. | 100.00% | A Coru\u00f1a - Spain | Full Consol. | 31-jan | Zara | Textile Manufacturing |
Confecciones Goa, S.A. | 100.00% | A Coru\u00f1a - Spain | Full Consol. | 31-jan | Zara | Textile Manufacturing |
Denllo, S.A. | 100.00% | A Coru\u00f1a - Spain | Full Consol. | 31-jan | Zara | Textile Manufacturing |
Fsf New York, Llc. | 100.00% | New York - USA | Full Consol. | 31-jan | Zara | Real estate |
Fsf Soho, Llc | 100.00% | New York - USA | Full Consol. | 31-jan | Zara | Real estate |
Glencare, S.A. | 100.00% | A Coru\u00f1a - Spain | Full Consol. | 31-jan | Zara | Textile Manufacturing |
Inditex Australia Pty Ltd | 100.00% | Sydney - Australia | Full Consol. | 31-jan | Zara | Retail sales |
Inditex Logistica, S.A. | 100.00% | A Coru\u00f1a - Spain | Full Consol. | 31-jan | Zara | Logistics |
Inditex Trent Retail India Private, Ltd. | 51.00% | Gurgaon - India | Full Consol. | 31-mar. | Zara | Retail sales |
Inditex Vastgoed Korea, Ltd. | 100.00% | Seoul - South Korea | Full Consol. | 31-jan | Zara | Real estate |
Company | Effective % of ownership | Location | Consolidation method | Reporting date | Concept | Line of business |
Inditex, S.A. | 100.00% | A Coru\u00f1a - Spain | Full Consol. | 31-jan | Zara | Dormant |
Itx Hong Kong Limited | 100.00% | Hong Kong SAR | Full Consol. | 31-jan | Zara | Retail sales |
Itx Taiwan, B.V. | 100.00% | Amsterdam - Netherlands | Full Consol. | 31-jan | Zara | Holding company |
Kg Zara Deutschland B.V. & Co. | 100.00% | Hamburg - Germany | Full Consol. | 31-jan | Zara | Retail sales |
Lefties Espa\u00f1a, S.A. | 100.00% | A Coru\u00f1a - Spain | Full Consol. | 31-jan | Zara | Real estate |
Limited Liability Company \"Zara Blr\" | 100.00% | Minsk - Belarus | Full Consol. | 31-dec | Zara | Retail sales |
Nikole Dise\u00f1o, S.L. | 100.00% | A Coru\u00f1a - Spain | Full Consol. | 31-jan | Zara | Design |
Nikole, S.A. | 100.00% | A Coru\u00f1a - Spain | Full Consol. | 31-jan | Zara | Buyer |
Plataforma Europa, S.A. | 100.00% | Zaragoza - Spain | Full Consol. | 31-jan | Zara | Logistics |
Plataforma Log\u00edstica Le\u00f3n, S.A. | 100.00% | Le\u00f3n - Spain | Full Consol. | 31-jan | Zara | Logistics |
Retail Group Kazakhstan, Llp | 100.00% | Almaty - Kazakhstan | Full Consol. | 31-dec | Zara | Retail sales |
Sci Vastgoed Ferreol P03302 | 100.00% | Paris - France | Full Consol. | 31-dec | Zara | Real estate |
Sci Vastgoed France P03301 | 100.00% | Paris - France | Full Consol. | 31-dec | Zara | Real estate |
Sci Vastgoed General Leclerc P03303 | 100.00% | Paris - France | Full Consol. | 31-dec | Zara | Real estate |
Sci Vastgoed Nancy P03304 | 100.00% | Paris - France | Full Consol. | 31-dec | Zara | Real estate |
Snc Zara France Immobili\u00e8re | 100.00% | Paris - France | Full Consol. | 31-dec | Zara | Real estate |
Stear, S.A. | 100.00% | A Coru\u00f1a - Spain | Full Consol. | 31-jan | Zara | Textile Manufacturing |
Trisko, S.A. | 100.00% | A Coru\u00f1a - Spain | Full Consol. | 31-jan | Zara | Textile Manufacturing |
Zara Brasil, Ltda. | 100.00% | Sao Paulo - Brazil | Full Consol. | 31-dec | Zara | Retail sales |
Zara Commercial (Beijing) Co., Ltd | 100.00% | Beijing - Mainland China | Full Consol. | 31-dec | Zara | Retail sales |
Zara Deutschland, Gmbh | 100.00% | Hamburg - Germany | Full Consol. | 31-jan | Zara | Holding company |
Zara Dise\u00f1o, S.L. | 100.00% | A Coru\u00f1a - Spain | Full Consol. | 31-jan | Zara | Design |
Zara Espa\u00f1a, S.A. | 100.00% | A Coru\u00f1a - Spain | Full Consol. | 31-jan | Zara | Retail sales |
Zara Fashion (Shanghai) Co., Ltd. | 100.00% | Shanghai - Mainland China | Full Consol. | 31-dec | Zara | Retail sales |
Zara France, S.A.R.L. | 100.00% | Paris - France | Full Consol. | 31-jan | Zara | Retail sales |
Zara Log\u00edstica, S.A. | 100.00% | A Coru\u00f1a - Spain | Full Consol. | 31-jan | Zara | Logistics |
Zara Macau Limitada | 100.00% | Macao SAR | Full Consol. | 31-dec | Zara | Retail sales |
Zara Management, B.V. | 100.00% | Amsterdam - Netherlands | Full Consol. | 31-jan | Zara | Holding company |
Zara Mexico, B.V. | 100.00% | Amsterdam - Netherlands | Full Consol. | 31-jan | Zara | Holding company |
Zara Mexico, S.A. De C.V. | 100.00% | Mexico City - Mexico | Full Consol. | 31-dec | Zara | Retail sales |
Zara Monaco, Sam. | 100.00% | Monte Carlo - Monaco | Full Consol. | 31-jan | Zara | Retail sales |
Zara Polska, Sp. Z O.O. | 100.00% | Warsaw - Poland | Full Consol. | 31-jan | Zara | Retail sales |
Zara Puerto Rico, Inc. | 100.00% | San Juan - Puerto Rico | Full Consol. | 31-jan | Zara | Retail sales |
Zara Retail Korea, Co. Ltd. | 80.00% | Seoul - South Korea | Full Consol. | 31-jan | Zara | Retail sales |
Zara Retail Nz Limited | 100.00% | Auckland - New Zealand | Full Consol. | 31-jan | Zara | Retail sales |
Zara Retail South Africa (Proprietary), Ltd. | 90.00% | Johannesburg - South Africa | Full Consol. | 31-jan | Zara | Retail sales |
Zara Usa, Inc. | 100.00% | New York - USA | Full Consol. | 31-jan | Zara | Retail sales |
Zara Vastgoed, B.V. | 100.00% | Amsterdam - Netherlands | Full Consol. | 31-jan | Zara | Real estate |
Company | Effective % of ownership | Location | Consolidation method | Reporting date | Concept | Line of business |
Zara, S.A. | 100.00% | A Coru\u00f1a - Spain | Full Consol. | 31-jan | Zara | Dormant |
Zara, S.A. | 100.00% | Buenos Aires - Argentina | Full Consol. | 31-jan | Zara | Dormant |
Zintura, S.A. | 100.00% | A Coru\u00f1a - Spain | Full Consol. | 31-jan | Zara | Textile Manufacturing |
Itx Finance Asia Limited | 100.00% | Hong Kong SAR | Full Consol. | 31-jan | Zara | Financial services |
Zara Home Retail South Africa (Pty) Ltd. | 100.00% | Johannesburg - South Africa | Full Consol. | 31-jan | Zara Home | Retail sales |
Limited Liability Company \"Zara Home Blr\" | 100.00% | Minsk - Belarus | Full Consol. | 31-dec | Zara Home | Retail sales |
Zara Home Australia Pty Limited | 100.00% | Sydney - Australia | Full Consol. | 31-jan | Zara Home | Retail sales |
Zara Home Belgique, S.A. | 100.00% | Brussels - Belgium | Full Consol. | 31-jan | Zara Home | Retail sales |
Zara Home Brasil Produtos Para O Lar, Ltda. | 100.00% | Sao Paulo - Brazil | Full Consol. | 31-dec | Zara Home | Retail sales |
Zara Home Commercial & Trading (Shanghai), Co. Ltd | 100.00% | Shanghai - Mainland China | Full Consol. | 31-dec | Zara Home | Retail sales |
Zara Home Deutschland, B.V. & Co. Kg | 100.00% | Hamburg - Germany | Full Consol. | 31-jan | Zara Home | Retail sales |
Zara Home Dise\u00f1o, S.L. | 100.00% | A Coru\u00f1a - Spain | Full Consol. | 31-jan | Zara Home | Design |
Zara Home Espa\u00f1a, S.A. | 100.00% | A Coru\u00f1a - Spain | Full Consol. | 31-jan | Zara Home | Retail sales |
Zara Home France, S.A.R.L. | 100.00% | Paris - France | Full Consol. | 31-jan | Zara Home | Retail sales |
Zara Home Hong Kong Limited | 100.00% | Hong Kong SAR | Full Consol. | 31-jan | Zara Home | Dormant |
Zara Home Kazakhstan, Llp | 100.00% | Almaty - Kazakhstan | Full Consol. | 31-dec | Zara Home | Retail sales |
Zara Home Log\u00edstica, S.A. | 100.00% | A Coru\u00f1a - Spain | Full Consol. | 31-jan | Zara Home | Logistics |
Zara Home Macau Sociedade Unipessoal Limitada | 100.00% | Macao SAR | Full Consol. | 31-dec | Zara Home | Retail sales |
Zara Home Mexico, S.A. De C.V. | 100.00% | Mexico City - Mexico | Full Consol. | 31-dec | Zara Home | Retail sales |
Zara Home Polska, Sp. Z.O.O. | 100.00% | Warsaw - Poland | Full Consol. | 31-jan | Zara Home | Retail sales |
Zhe, Gmbh | 100.00% | Hamburg - Germany | Full Consol. | 31-jan | Zara Home | Holding company |
Jointly contolled entities: | ||||||
Tempe, S.A. | 50.00% | Alicante - Spain | Equity method | 31-jan | Multi-concept | Sale of footwear |
Tempe Log\u00edstica, S.A. | 50.00% | Alicante - Spain | Equity method | 31-jan | Multi-concept | Logistics |
Tempe Dise\u00f1o, S.L.U. | 50.00% | Alicante - Spain | Equity method | 31-jan | Multi-concept | Design |
Tempe Trading Asia Limited | 50.00% | Hong Kong SAR | Equity method | 31-jan | Multi-concept | Sale of footwear |
TMP Trading (Shanghai) Co. Ltd | 50.00% | Shanghai - Mainland China | Equity method | 31-dec | Multi-concept | Sale of footwear |
Tempe Giyim, Ltd. | 50.00% | Istanbul - T\u00fcrkiye | Equity method | 31-jan | Multi-concept | Dormant |
Company | Effective % of ownership | Location | Consolidation method | Reporting date | Concept | Line of business |
Subsidiaries: | ||||||
Industria De Dise\u00f1o Textil, S.A. (Inditex, S.A.) | Parent | A Coru\u00f1a - Spain | Full Consol. | 31-jan | \u2014 | Parent |
Bershka Bsk Espa\u00f1a, S.A. | 100.00% | Barcelona - Spain | Full Consol. | 31-jan | Bershka | Retail sales |
Bershka Commercial (Beijing) Co. Ltd. | 100.00% | Beijing - Mainland China | Full Consol. | 31-dec | Bershka | Retail sales |
Bershka Commercial (Shanghai) Co., Ltd. | 100.00% | Shanghai - Mainland China | Full Consol. | 31-dec | Bershka | Retail sales |
Bershka Dise\u00f1o, S.L. | 100.00% | Barcelona - Spain | Full Consol. | 31-jan | Bershka | Design |
Bershka France, S.A.R.L. | 100.00% | Paris - France | Full Consol. | 31-jan | Bershka | Retail sales |
Bershka Hong Kong, Ltd. | 100.00% | Hong Kong SAR | Full Consol. | 31-jan | Bershka | Retail sales |
Bershka Korea, Ltd. | 100.00% | Seoul - South Korea | Full Consol. | 31-jan | Bershka | Retail sales |
Bershka Log\u00edstica, S.A. | 100.00% | Barcelona - Spain | Full Consol. | 31-jan | Bershka | Logistics |
Bershka Polska, Sp. Z O.O. | 100.00% | Warsaw - Poland | Full Consol. | 31-jan | Bershka | Retail sales |
Bershka Usa, Inc | 100.00% | New York - USA | Full Consol. | 31-jan | Bershka | Dormant |
Best Retail Kazakhstan, Llp | 100.00% | Almaty - Kazakhstan | Full Consol. | 31-dec | Bershka | Retail sales |
Bske, Gmbh | 100.00% | Hamburg - Germany | Full Consol. | 31-jan | Bershka | Holding company |
Kg Bershka Deutschland, B.V. & Co. | 100.00% | Hamburg - Germany | Full Consol. | 31-jan | Bershka | Retail sales |
Limited Liability Company \"Bk Garments Blr\" | 100.00% | Minsk - Belarus | Full Consol. | 31-dec | Bershka | Retail sales |
Grupo Massimo Dutti, S.A. | 100.00% | Barcelona - Spain | Full Consol. | 31-jan | Massimo Dutti | Retail sales |
Kg Massimo Dutti Deutschland, B.V. & Co. | 100.00% | Hamburg - Germany | Full Consol. | 31-jan | Massimo Dutti | Retail sales |
Limited Liability Company \"Massimo Dutti Blr\" | 100.00% | Minsk - Belarus | Full Consol. | 31-dec | Massimo Dutti | Retail sales |
Massimo Dutti Belux, S.A. | 100.00% | Brussels - Belgium | Full Consol. | 31-jan | Massimo Dutti | Retail sales |
Massimo Dutti Commercial (Beijing) Co. Ltd. | 100.00% | Beijing - Mainland China | Full Consol. | 31-dec | Massimo Dutti | Retail sales |
Massimo Dutti Commercial (Shanghai) Co. Ltd. | 100.00% | Shanghai - Mainland China | Full Consol. | 31-dec | Massimo Dutti | Retail sales |
Massimo Dutti Deutschland, Gmbh | 100.00% | Hamburg - Germany | Full Consol. | 31-jan | Massimo Dutti | Holding company |
Massimo Dutti Dise\u00f1o, S.L. | 100.00% | Barcelona - Spain | Full Consol. | 31-jan | Massimo Dutti | Design |
Massimo Dutti France, S.A.R.L. | 100.00% | Paris - France | Full Consol. | 31-jan | Massimo Dutti | Retail sales |
Massimo Dutti Hong Kong, Ltd. | 100.00% | Hong Kong SAR | Full Consol. | 31-jan | Massimo Dutti | Dormant |
Massimo Dutti India Private Limited | 51.00% | Gurgaon - India | Full Consol. | 31-mar. | Massimo Dutti | Retail sales |
Massimo Dutti Log\u00edstica, S.A. | 100.00% | Barcelona - Spain | Full Consol. | 31-jan | Massimo Dutti | Logistics |
Massimo Dutti Macau Limitada | 100.00% | Macao SAR | Full Consol. | 31-dec | Massimo Dutti | Retail sales |
Massimo Dutti Polska, Sp. Z O.O. | 100.00% | Warsaw - Poland | Full Consol. | 31-jan | Massimo Dutti | Retail sales |
Massimo Dutti Usa, Inc. | 100.00% | New York - USA | Full Consol. | 31-jan | Massimo Dutti | Retail sales |
Massimo Dutti, S.A. | 100.00% | A Coru\u00f1a - Spain | Full Consol. | 31-jan | Massimo Dutti | Dormant |
Master Retail Kazakhstan, Llp | 100.00% | Almaty - Kazakhstan | Full Consol. | 31-dec | Massimo Dutti | Retail sales |
\"Itx Albania\" Shpk | 100.00% | Tirana - Albania | Full Consol. | 31-dec | Multi-concept | Retail sales |
\"Itx Kosovo\" L.L.C. | 100.00% | Pristina | Full Consol. | 31-dec | Multi-concept | Retail sales |
Cdc Trading (Shanghai) Co. Ltd. | 100.00% | Shanghai - Mainland China | Full Consol. | 31-dec | Multi-concept | Buyer |
Company | Effective % of ownership | Location | Consolidation method | Reporting date | Concept | Line of business |
Corporacion De Servicios XXI, S.A. De C.V. | 100.00% | Mexico City - Mexico | Full Consol. | 31-dec | Multi-concept | Services |
Fashion Logistics Forwarders, S.A. | 100.00% | A Coru\u00f1a - Spain | Full Consol. | 31-jan | Multi-concept | Logistics |
Fashion Retail, S.A. | 100.00% | A Coru\u00f1a - Spain | Full Consol. | 31-jan | Multi-concept | Retail sales |
Fgi Gesti\u00f3n Mex, S.A. De C.V. | 100.00% | Mexico City - Mexico | Full Consol. | 31-dec | Multi-concept | Construction |
Goa-Invest Deutschland, Gmbh | 100.00% | Hamburg - Germany | Full Consol. | 31-jan | Multi-concept | Construction |
Goa-Invest, S.A. | 100.00% | A Coru\u00f1a - Spain | Full Consol. | 31-jan | Multi-concept | Construction |
Indipunt, S.L. | 100.00% | A Coru\u00f1a - Spain | Full Consol. | 31-jan | Multi-concept | Logistics |
Inditex Belgique S.A. | 100.00% | Brussels - Belgium | Full Consol. | 31-jan | Multi-concept | Retail sales |
Inditex Cesk\u00e1 Republika, S.R.O. | 100.00% | Prague - Czech Republic | Full Consol. | 31-jan | Multi-concept | Retail sales |
Inditex Danmark A/S | 100.00% | Copenhaguen - Denmark | Full Consol. | 31-jan | Multi-concept | Retail sales |
Inditex France, S.A.R.L. | 100.00% | Paris - France | Full Consol. | 31-jan | Multi-concept | Dormant |
Inditex Montenegro, D.O.O. Podgorica | 100.00% | Podgorica - Montenegro | Full Consol. | 31-dec | Multi-concept | Retail sales |
Inditex Norge As | 100.00% | Oslo - Norway | Full Consol. | 31-jan | Multi-concept | Retail sales |
Inditex \u00d6sterreich Gmbh | 100.00% | Vienna - Austria | Full Consol. | 31-jan | Multi-concept | Retail sales |
Inditex Renovables, S.L. | 100.00% | A Coru\u00f1a - Spain | Full Consol. | 31-jan | Multi-concept | Services |
Inditex Romania, S.R.L. | 100.00% | Bucharest - Romania | Full Consol. | 31-dec | Multi-concept | Retail sales |
Inditex Slovakia, S.R.O. | 100.00% | Bratislava - Slovakia | Full Consol. | 31-jan | Multi-concept | Retail sales |
Inditex Ukraine Llc | 100.00% | Kiev - Ukraine | Full Consol. | 31-dec | Multi-concept | Retail sales |
Inditex Usa, Llc | 100.00% | New York - USA | Full Consol. | 31-jan | Multi-concept | Holding company |
Itx Asia Pacific Enterprise Management, Co., Ltd. | 100.00% | Shanghai - Mainland China | Full Consol. | 31-dec | Multi-concept | Buyer |
Itx Bh D.O.O. | 100.00% | Sarajevo - Bosnia Herzegovina | Full Consol. | 31-dec | Multi-concept | Retail sales |
Itx Bulgaria Eood | 100.00% | Sofia - Bulgaria | Full Consol. | 31-dec | Multi-concept | Retail sales |
Itx Canada, Ltd | 100.00% | Montreal - Canada | Full Consol. | 31-jan | Multi-concept | Retail sales |
Itx Croatia, Ltd. | 100.00% | Zagreb - Croatia | Full Consol. | 31-jan | Multi-concept | Retail sales |
Itx E-Commerce (Shanghai) Co., Ltd. | 100.00% | Shanghai - Mainland China | Full Consol. | 31-dec | Multi-concept | Retail sales |
Itx Financien III, B.V. | 100.00% | Amsterdam - Netherlands | Full Consol. | 31-jan | Multi-concept | Financial services |
Itx Financi\u00ebn, B.V. | 100.00% | Amsterdam - Netherlands | Full Consol. | 31-jan | Multi-concept | Financial services |
Itx Finland Oy | 100.00% | Helsinki - Finland | Full Consol. | 31-jan | Multi-concept | Retail sales |
Itx Global Solutions Limited | 100.00% | Hong Kong SAR | Full Consol. | 31-jan | Multi-concept | Services |
Itx Hellas Single Member S.A. | 100.00% | Athens - Greece | Full Consol. | 31-jan | Multi-concept | Retail sales |
Itx Italia Srl | 100.00% | Milan - Italy | Full Consol. | 31-jan | Multi-concept | Retail sales |
Itx Japan Corporation | 100.00% | Tokyo - Japan | Full Consol. | 31-jan | Multi-concept | Retail sales |
Itx Korea Limited | 100.00% | Seoul - South Korea | Full Consol. | 31-jan | Multi-concept | Retail sales |
Itx Luxembourg S.A. | 100.00% | Luxembourg - Luxembourg | Full Consol. | 31-jan | Multi-concept | Retail sales |
Itx Magyarorsz\u00e1g Kft. | 100.00% | Budapest - Hungary | Full Consol. | 31-jan | Multi-concept | Retail sales |
Itx Merken, B.V. | 100.00% | Amsterdam - Netherlands | Full Consol. | 31-jan | Multi-concept | Services |
Itx Nederland Bv | 100.00% | Amsterdam - Netherlands | Full Consol. | 31-jan | Multi-concept | Retail sales |
Itx Portugal - Confec\u00e7\u00f5es, S.A. | 100.00% | Lisbon - Portugal | Full Consol. | 31-jan | Multi-concept | Retail sales |
Company | Effective % of ownership | Location | Consolidation method | Reporting date | Concept | Line of business |
Itx Re Designated Activity Company | 100.00% | Dublin - Ireland | Full Consol. | 31-jan | Multi-concept | Insurance |
Itx Retail Ireland Limited | 100.00% | Dublin - Ireland | Full Consol. | 31-jan | Multi-concept | Retail sales |
Itx Retail Mexico, S.A. De C.V. | 100.00% | Mexico City - Mexico | Full Consol. | 31-dec | Multi-concept | Retail sales |
Itx Retail Suisse Sarl | 100.00% | Fribourg - Switzerland | Full Consol. | 31-jan | Multi-concept | Retail sales |
Itx Rs Doo Beograd | 100.00% | Belgrade - Serbia | Full Consol. | 31-jan | Multi-concept | Retail sales |
Itx S, D.O.O | 100.00% | Ljubljana - Slovenia | Full Consol. | 31-jan | Multi-concept | Retail sales |
Itx Services India Private Limited | 100.00% | Gurgaon - India | Full Consol. | 31-mar | Multi-concept | Buyer |
Itx Sverige Ab | 100.00% | Stockholm - Sweden | Full Consol. | 31-jan | Multi-concept | Retail sales |
Itx Taiwan B.V. Taiwan Branch | 100.00% | Taipei - Taiwan, China | Full Consol. | 31-jan | Multi-concept | Retail sales |
Itx Trading, S.A. | 100.00% | Fribourg - Switzerland | Full Consol. | 31-jan | Multi-concept | Buyer |
Itx Tryfin B.V. | 100.00% | Amsterdam - Netherlands | Full Consol. | 31-jan | Multi-concept | Financial services |
Itx Turkey Perakende Ithalat Ihracat Ve Ticaret Limited Sirketi | 100.00% | Istanbul - T\u00fcrkiye | Full Consol. | 31-jan | Multi-concept | Retail sales |
Itx Uk Ltd. | 100.00% | London - UK | Full Consol. | 31-jan | Multi-concept | Retail sales |
Itx Usa, Llc | 100.00% | New York - USA | Full Consol. | 31-jan | Multi-concept | Retail sales |
Itxr Macedonia Dooel Skopje | 100.00% | Skopje - North Macedonia Rep. | Full Consol. | 31-dec | Multi-concept | Retail sales |
Lelystad Platform, B.V. | 100.00% | Amsterdam - Netherlands | Full Consol. | 31-jan | Multi-concept | Logistics |
Nueva Comercializadora Global XXI, S.A. De C.V. | 100.00% | Mexico City - Mexico | Full Consol. | 31-dec | Multi-concept | Logistics |
Plataforma Log\u00edstica Meco, S.A. | 100.00% | Madrid - Spain | Full Consol. | 31-jan | Multi-concept | Logistics |
Zara Chile, S.A. | 100.00% | Santiago de Chile - Chile | Full Consol. | 31-dec | Multi-concept | Retail sales |
Zara Holding II, B.V. | 100.00% | Amsterdam - Netherlands | Full Consol. | 31-jan | Multi-concept | Holding company |
Zara Holding, B.V. | 100.00% | Amsterdam - Netherlands | Full Consol. | 31-jan | Multi-concept | Holding company |
Zara Commercial (Shanghai) Co. Ltd. | 100.00% | Shanghai - Mainland China | Full Consol. | 31-dec | Multi-concept | Retail sales |
Limited Liability Company \"Oysho Blr\" | 100.00% | Minsk - Belarus | Full Consol. | 31-dec | Oysho | Retail sales |
Oysho Dise\u00f1o, S.L. | 100.00% | Barcelona - Spain | Full Consol. | 31-jan | Oysho | Design |
Oysho Espa\u00f1a, S.A. | 100.00% | Barcelona - Spain | Full Consol. | 31-jan | Oysho | Retail sales |
Oysho France, S.A.R.L. | 100.00% | Paris - France | Full Consol. | 31-jan | Oysho | Retail sales |
Oysho Hong Kong Limited | 100.00% | Hong Kong SAR | Full Consol. | 31-jan | Oysho | Retail sales |
Oysho Kazakhstan, Llp | 100.00% | Almaty - Kazakhstan | Full Consol. | 31-dec | Oysho | Retail sales |
Oysho Korea, Ltd. | 100.00% | Seoul - South Korea | Full Consol. | 31-jan | Oysho | Retail sales |
Oysho Log\u00edstica, S.A. | 100.00% | Barcelona - Spain | Full Consol. | 31-jan | Oysho | Logistics |
Oysho Macau Limitada | 100.00% | Macao SAR | Full Consol. | 31-dec | Oysho | Retail sales |
Oysho Polska, Sp. Z O.O. | 100.00% | Warsaw - Poland | Full Consol. | 31-jan | Oysho | Retail sales |
Itx Taiwan B.V. Pull & Bear Taiwan Branch | 100.00% | Taipei - Taiwan, China | Full Consol. | 31-jan | Pull & Bear | Retail sales |
Limited Liability Company \"Pull And Bear Blr\" | 100.00% | Minsk - Belarus | Full Consol. | 31-dec | Pull & Bear | Retail sales |
P&Be, Gmbh | 100.00% | Hamburg - Germany | Full Consol. | 31-jan | Pull & Bear | Holding company |
Plataforma Cabanillas, S.A. | 100.00% | A Coru\u00f1a - Spain | Full Consol. | 31-jan | Pull & Bear | Logistics |
Company | Effective % of ownership | Location | Consolidation method | Reporting date | Concept | Line of business |
Pro Retail Kazakhstan, Llp | 100.00% | Almaty - Kazakhstan | Full Consol. | 31-dec | Pull & Bear | Retail sales |
Pull & Bear Belgique, S.A. | 100.00% | Brussels - Belgium | Full Consol. | 31-jan | Pull & Bear | Retail sales |
Pull & Bear Commercial (Beijing) Co. Ltd. | 100.00% | Beijing - Mainland China | Full Consol. | 31-dec | Pull & Bear | Retail sales |
Pull & Bear Deutschland, B.V. & Co. Kg | 100.00% | Hamburg - Germany | Full Consol. | 31-jan | Pull & Bear | Retail sales |
Pull & Bear Dise\u00f1o, S.L. | 100.00% | A Coru\u00f1a - Spain | Full Consol. | 31-jan | Pull & Bear | Design |
Pull & Bear Espa\u00f1a, S.A. | 100.00% | A Coru\u00f1a - Spain | Full Consol. | 31-jan | Pull & Bear | Retail sales |
Pull & Bear France, S.A.R.L. | 100.00% | Paris - France | Full Consol. | 31-jan | Pull & Bear | Retail sales |
Pull & Bear Log\u00edstica, S.A. | 100.00% | A Coru\u00f1a - Spain | Full Consol. | 31-jan | Pull & Bear | Logistics |
Pull & Bear Polska, Sp. Z O.O. | 100.00% | Warsaw - Poland | Full Consol. | 31-jan | Pull & Bear | Retail sales |
Pull And Bear Hong Kong, Ltd. | 100.00% | Hong Kong SAR | Full Consol. | 31-jan | Pull & Bear | Retail sales |
Limited Liability Company \"Stradivarius Blr\" | 100.00% | Minsk - Belarus | Full Consol. | 31-dec | Stradivarius | Retail sales |
Spanish Retail Kazakhstan, Llp | 100.00% | Almaty - Kazakhstan | Full Consol. | 31-dec | Stradivarius | Retail sales |
Stradivarius Belgique, S.A. | 100.00% | Brussels - Belgium | Full Consol. | 31-jan | Stradivarius | Retail sales |
Stradivarius Cis Limited Liability Company | 100.00% | Moscow - Russia | Full Consol. | 31-dec | Stradivarius | Retail sales |
Stradivarius Commercial (Shanghai) Co. Ltd | 100.00% | Shanghai - Mainland China | Full Consol. | 31-dec | Stradivarius | Retail sales |
Stradivarius Dise\u00f1o, S.L. | 100.00% | Barcelona - Spain | Full Consol. | 31-jan | Stradivarius | Design |
Stradivarius Espa\u00f1a, S.A. | 100.00% | Barcelona - Spain | Full Consol. | 31-jan | Stradivarius | Retail sales |
Stradivarius France, S.A.R.L. | 100.00% | Paris - France | Full Consol. | 31-jan | Stradivarius | Retail sales |
Stradivarius Hong Kong, Ltd. | 100.00% | Hong Kong SAR | Full Consol. | 31-jan | Stradivarius | Retail sales |
Stradivarius Log\u00edstica, S.A. | 100.00% | Barcelona - Spain | Full Consol. | 31-jan | Stradivarius | Logistics |
Stradivarius Polska, Sp. Z O.O. | 100.00% | Warsaw - Poland | Full Consol. | 31-jan | Stradivarius | Retail sales |
Uterq\u00fce Giyim Ithalat Ihracat Ve Ticaret Limited Sirketi | 100.00% | Istanbul - T\u00fcrkiye | Full Consol. | 31-jan | Uterq\u00fce | Dormant |
Uterq\u00fce Kazakhstan Llp | 100.00% | Almaty - Kazakhstan | Full Consol. | 31-dec | Uterq\u00fce | Dormant |
Uterq\u00fce Polska Sp. Z O.O. | 100.00% | Warsaw - Poland | Full Consol. | 31-jan | Uterq\u00fce | Dormant |
Choolet, S.A. | 100.00% | A Coru\u00f1a - Spain | Full Consol. | 31-jan | Zara | Textile Manufacturing |
Comditel, S.A. | 100.00% | Barcelona - Spain | Full Consol. | 31-jan | Zara | Buyer |
Confecciones Fios, S.A. | 100.00% | A Coru\u00f1a - Spain | Full Consol. | 31-jan | Zara | Textile Manufacturing |
Confecciones Goa, S.A. | 100.00% | A Coru\u00f1a - Spain | Full Consol. | 31-jan | Zara | Textile Manufacturing |
Denllo, S.A. | 100.00% | A Coru\u00f1a - Spain | Full Consol. | 31-jan | Zara | Textile Manufacturing |
Fsf New York, Llc. | 100.00% | New York - USA | Full Consol. | 31-jan | Zara | Real estate |
Fsf Soho, Llc | 100.00% | New York - USA | Full Consol. | 31-jan | Zara | Real estate |
Glencare, S.A. | 100.00% | A Coru\u00f1a - Spain | Full Consol. | 31-jan | Zara | Textile Manufacturing |
Inditex Australia Pty Ltd | 100.00% | Sydney - Australia | Full Consol. | 31-jan | Zara | Retail sales |
Inditex Logistica, S.A. | 100.00% | A Coru\u00f1a - Spain | Full Consol. | 31-jan | Zara | Logistics |
Inditex Trent Retail India Private, Ltd. | 51.00% | Gurgaon - India | Full Consol. | 31-mar. | Zara | Retail sales |
Inditex Vastgoed Korea, Ltd. | 100.00% | Seoul - South Korea | Full Consol. | 31-jan | Zara | Real estate |
Company | Effective % of ownership | Location | Consolidation method | Reporting date | Concept | Line of business |
Inditex, S.A. | 100.00% | A Coru\u00f1a - Spain | Full Consol. | 31-jan | Zara | Dormant |
Itx Hong Kong Limited | 100.00% | Hong Kong SAR | Full Consol. | 31-jan | Zara | Retail sales |
Itx Taiwan, B.V. | 100.00% | Amsterdam - Netherlands | Full Consol. | 31-jan | Zara | Holding company |
Kg Zara Deutschland B.V. & Co. | 100.00% | Hamburg - Germany | Full Consol. | 31-jan | Zara | Retail sales |
Lefties Espa\u00f1a, S.A. | 100.00% | A Coru\u00f1a - Spain | Full Consol. | 31-jan | Zara | Real estate |
Limited Liability Company \"Zara Blr\" | 100.00% | Minsk - Belarus | Full Consol. | 31-dec | Zara | Retail sales |
Nikole Dise\u00f1o, S.L. | 100.00% | A Coru\u00f1a - Spain | Full Consol. | 31-jan | Zara | Design |
Nikole, S.A. | 100.00% | A Coru\u00f1a - Spain | Full Consol. | 31-jan | Zara | Buyer |
Plataforma Europa, S.A. | 100.00% | Zaragoza - Spain | Full Consol. | 31-jan | Zara | Logistics |
Plataforma Log\u00edstica Le\u00f3n, S.A. | 100.00% | Le\u00f3n - Spain | Full Consol. | 31-jan | Zara | Logistics |
Retail Group Kazakhstan, Llp | 100.00% | Almaty - Kazakhstan | Full Consol. | 31-dec | Zara | Retail sales |
Sci Vastgoed Ferreol P03302 | 100.00% | Paris - France | Full Consol. | 31-dec | Zara | Real estate |
Sci Vastgoed France P03301 | 100.00% | Paris - France | Full Consol. | 31-dec | Zara | Real estate |
Sci Vastgoed General Leclerc P03303 | 100.00% | Paris - France | Full Consol. | 31-dec | Zara | Real estate |
Sci Vastgoed Nancy P03304 | 100.00% | Paris - France | Full Consol. | 31-dec | Zara | Real estate |
Snc Zara France Immobili\u00e8re | 100.00% | Paris - France | Full Consol. | 31-dec | Zara | Real estate |
Stear, S.A. | 100.00% | A Coru\u00f1a - Spain | Full Consol. | 31-jan | Zara | Textile Manufacturing |
Trisko, S.A. | 100.00% | A Coru\u00f1a - Spain | Full Consol. | 31-jan | Zara | Textile Manufacturing |
Zara Brasil, Ltda. | 100.00% | Sao Paulo - Brazil | Full Consol. | 31-dec | Zara | Retail sales |
Zara Commercial (Beijing) Co., Ltd | 100.00% | Beijing - Mainland China | Full Consol. | 31-dec | Zara | Retail sales |
Zara Deutschland, Gmbh | 100.00% | Hamburg - Germany | Full Consol. | 31-jan | Zara | Holding company |
Zara Dise\u00f1o, S.L. | 100.00% | A Coru\u00f1a - Spain | Full Consol. | 31-jan | Zara | Design |
Zara Espa\u00f1a, S.A. | 100.00% | A Coru\u00f1a - Spain | Full Consol. | 31-jan | Zara | Retail sales |
Zara Fashion (Shanghai) Co., Ltd. | 100.00% | Shanghai - Mainland China | Full Consol. | 31-dec | Zara | Retail sales |
Zara France, S.A.R.L. | 100.00% | Paris - France | Full Consol. | 31-jan | Zara | Retail sales |
Zara Log\u00edstica, S.A. | 100.00% | A Coru\u00f1a - Spain | Full Consol. | 31-jan | Zara | Logistics |
Zara Macau Limitada | 100.00% | Macao SAR | Full Consol. | 31-dec | Zara | Retail sales |
Zara Management, B.V. | 100.00% | Amsterdam - Netherlands | Full Consol. | 31-jan | Zara | Holding company |
Zara Mexico, B.V. | 100.00% | Amsterdam - Netherlands | Full Consol. | 31-jan | Zara | Holding company |
Zara Mexico, S.A. De C.V. | 100.00% | Mexico City - Mexico | Full Consol. | 31-dec | Zara | Retail sales |
Zara Monaco, Sam. | 100.00% | Monte Carlo - Monaco | Full Consol. | 31-jan | Zara | Retail sales |
Zara Polska, Sp. Z O.O. | 100.00% | Warsaw - Poland | Full Consol. | 31-jan | Zara | Retail sales |
Zara Puerto Rico, Inc. | 100.00% | San Juan - Puerto Rico | Full Consol. | 31-jan | Zara | Retail sales |
Zara Retail Korea, Co. Ltd. | 80.00% | Seoul - South Korea | Full Consol. | 31-jan | Zara | Retail sales |
Zara Retail Nz Limited | 100.00% | Auckland - New Zealand | Full Consol. | 31-jan | Zara | Retail sales |
Zara Retail South Africa (Proprietary), Ltd. | 90.00% | Johannesburg - South Africa | Full Consol. | 31-jan | Zara | Retail sales |
Zara Usa, Inc. | 100.00% | New York - USA | Full Consol. | 31-jan | Zara | Retail sales |
Zara Vastgoed, B.V. | 100.00% | Amsterdam - Netherlands | Full Consol. | 31-jan | Zara | Real estate |
Company | Effective % of ownership | Location | Consolidation method | Reporting date | Concept | Line of business |
Zara, S.A. | 100.00% | A Coru\u00f1a - Spain | Full Consol. | 31-jan | Zara | Dormant |
Zara, S.A. | 100.00% | Buenos Aires - Argentina | Full Consol. | 31-jan | Zara | Dormant |
Zintura, S.A. | 100.00% | A Coru\u00f1a - Spain | Full Consol. | 31-jan | Zara | Textile Manufacturing |
Itx Finance Asia Limited | 100.00% | Hong Kong SAR | Full Consol. | 31-jan | Zara | Financial services |
Zara Home Retail South Africa (Pty) Ltd. | 100.00% | Johannesburg - South Africa | Full Consol. | 31-jan | Zara Home | Retail sales |
Limited Liability Company \"Zara Home Blr\" | 100.00% | Minsk - Belarus | Full Consol. | 31-dec | Zara Home | Retail sales |
Zara Home Australia Pty Limited | 100.00% | Sydney - Australia | Full Consol. | 31-jan | Zara Home | Retail sales |
Zara Home Belgique, S.A. | 100.00% | Brussels - Belgium | Full Consol. | 31-jan | Zara Home | Retail sales |
Zara Home Brasil Produtos Para O Lar, Ltda. | 100.00% | Sao Paulo - Brazil | Full Consol. | 31-dec | Zara Home | Retail sales |
Zara Home Commercial & Trading (Shanghai), Co. Ltd | 100.00% | Shanghai - Mainland China | Full Consol. | 31-dec | Zara Home | Retail sales |
Zara Home Deutschland, B.V. & Co. Kg | 100.00% | Hamburg - Germany | Full Consol. | 31-jan | Zara Home | Retail sales |
Zara Home Dise\u00f1o, S.L. | 100.00% | A Coru\u00f1a - Spain | Full Consol. | 31-jan | Zara Home | Design |
Zara Home Espa\u00f1a, S.A. | 100.00% | A Coru\u00f1a - Spain | Full Consol. | 31-jan | Zara Home | Retail sales |
Zara Home France, S.A.R.L. | 100.00% | Paris - France | Full Consol. | 31-jan | Zara Home | Retail sales |
Zara Home Hong Kong Limited | 100.00% | Hong Kong SAR | Full Consol. | 31-jan | Zara Home | Dormant |
Zara Home Kazakhstan, Llp | 100.00% | Almaty - Kazakhstan | Full Consol. | 31-dec | Zara Home | Retail sales |
Zara Home Log\u00edstica, S.A. | 100.00% | A Coru\u00f1a - Spain | Full Consol. | 31-jan | Zara Home | Logistics |
Zara Home Macau Sociedade Unipessoal Limitada | 100.00% | Macao SAR | Full Consol. | 31-dec | Zara Home | Retail sales |
Zara Home Mexico, S.A. De C.V. | 100.00% | Mexico City - Mexico | Full Consol. | 31-dec | Zara Home | Retail sales |
Zara Home Polska, Sp. Z.O.O. | 100.00% | Warsaw - Poland | Full Consol. | 31-jan | Zara Home | Retail sales |
Zhe, Gmbh | 100.00% | Hamburg - Germany | Full Consol. | 31-jan | Zara Home | Holding company |
Jointly contolled entities: | ||||||
Tempe, S.A. | 50.00% | Alicante - Spain | Equity method | 31-jan | Multi-concept | Sale of footwear |
Tempe Log\u00edstica, S.A. | 50.00% | Alicante - Spain | Equity method | 31-jan | Multi-concept | Logistics |
Tempe Dise\u00f1o, S.L.U. | 50.00% | Alicante - Spain | Equity method | 31-jan | Multi-concept | Design |
Tempe Trading Asia Limited | 50.00% | Hong Kong SAR | Equity method | 31-jan | Multi-concept | Sale of footwear |
TMP Trading (Shanghai) Co. Ltd | 50.00% | Shanghai - Mainland China | Equity method | 31-dec | Multi-concept | Sale of footwear |
Tempe Giyim, Ltd. | 50.00% | Istanbul - T\u00fcrkiye | Equity method | 31-jan | Multi-concept | Dormant |