Net non-current assets are composed of non-current assets less non-current liabilities excluding financial liabilities as reported on the balance sheet. There were no significant changes in the items for net non-current assets. These increased from EUR 313 million to EUR 323 million compared to the previous year.

Property, plant and equipment and intangible assets increased by 1% over the previous year (December 31, 2006: EUR 344 million) to EUR 346 million, due in particular to the expansion of the Group’s own retail business.

Non-current provisions, which include pension provisions and other provisions, decreased by 9% as of the reporting date to EUR 40 million (December 31, 2006: EUR 44 million). Please refer to the notes for more information on this item.

Deferred taxes declined by 13% to EUR 24 million (December 31, 2006: EUR 28 million). Please refer to the notes for more information on this item.

Overall, net assets of the HUGO BOSS Group climbed by 18% to EUR 720 million (December 31, 2006: EUR 611 million).