INDITEX : Annual Accounts, Directors' Report and Audit Report (Individual - Inditex SA)

INDITEX ANNUAL REPORT 2022

Inditex Annual Report 2022

Index
STATEMENT BY THE DIRECTORS ABOUT THE CONTENTS OF THE FINANCIAL ANNUAL REPORT	3
AUDITOR´S REPORT ON THE ANNUAL ACCOUNTS	5
ANNUAL ACCOUNTS AND DIRECTORS´REPORT FOR THE YEAR ENDED 31 JANUARY 2023	14
Balance sheet at 31 January 2023 and 2022	15
Income statement for the years ended 31 January 2023 and 2022	17
Statement of changes in equity for the years ended 31 January 2023 and 2022	18
Statement of cash flows for the years ended 31 January 2023 and 2022	20
NOTES TO THE ANNUAL ACCOUNTS FOR THE YEAR ENDED 31 JANUARY 2023	21
1. Activity and description of the Company	22
2. Basis of presentation of the annual accounts	23
3. Distribution of profit	26
4. Accounting policies	27
5. Intangible assets	36
6. Property, plant and equipment	37
7. Investment property	39
8. Investments in Group companies and financial assets (current and non-current)	40
9. Cash and cash equivalents	43
10. Inventories	44
11. Equity	45
12. Long-termprovisions	47
13. Non-currentand current accruals and deferred income	48
14. Non-currentand current liabilities	49
15. Balances and transactions with Group and related companies	50
16. Taxes	51
17. Guarantee commitments to third parties	54
18. Income and expenses	55
19. Information on the nature and level of risk	57
20. Other disclosures	60
21. Explanation added for translation to English	63
Annex I. List of Company of investments in Group companies at 31 January 2023	64
Annex II. Direct and indirect investments of the members of the Board of Directors in the share capital
of the Company at 31 January 2023	80
DIRECTORS' REPORT FOR THE YEAR ENDED 31 JANUARY 2023	82
Report on Internal Control Systems (ICFR)	##
Annual Corporate Governance Report (ACGR)	##
Annual Report on Remuneration (ARR)	##

2

Statement by the Directors about the Contents

of the Financial Annual Report

3

Inditex Annual Report 2022

We, the members of the Board of Directors, hereby state that, to the best of our knowledge and belief, the separate annual accounts for fiscal year 2022 (1 February 2022 - 31 January 2023), stated by the Board of Directors in the meeting held on 14 March 2023, drafted pursuant to the applicable accounting principles, give the true and fair view of the assets, the financial situation and the results of Industria de Diseño Textil, S.A. (Inditex, S.A.) and that the individual financial report includes a true review of the evolution and the corporate results, as well as of the position of Industria de Diseño Textil, S.A. (Inditex, S.A.), together with the description of the main risks and uncertainties it faces up to.

In Arteixo (A Coruña), on 14 March 2023.

Ms Marta Ortega Pérez

Chair

Mr Amancio Ortega Gaona	Mr José Arnau Sierra
Ordinary Member	Deputy Chairman

Mr Oscar García Maceiras	Pontegadea Inversiones, S.L.
CEO	Ordinary Member
	Ms Flora Pérez Marcote

Bns Denise Patricia Kingsmill	Ms Pilar López Álvarez
Ordinary Member	Ordinary Member

Ms Anne Lange	Mr José Luis Durán Schulz
Ordinary Member	Ordinary Member

Mr Rodrigo Echenique Gordillo	Mr Emilio Saracho Rodríguez de Torres
Ordinary Member	Ordinary Member

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Inditex Annual Report 2022 / Auditor´s Report on the Annual Accounts

Auditor´s Report

on the Annual Accounts

5