XML 50 R36.htm IDEA: XBRL DOCUMENT
v3.23.1

Employee Benefits | 12 Months Ended
--- | ---
Dec. 31, 2022
Employee Benefits [Abstract] |
Disclosure of employee benefits [text block] | 2 8 . Employee benefits The following table shows the employee benefits of the Group.
|  | At December 31, |
(Euro thousands) |  | 2022 |  |  | 2021 |
Post-employee benefits |  |  | 12,543 |  |  |  | 16,016 |
Other long-term employee benefits |  |  | 2,585 |  |  |  | 2,448 |
Total long-term employee benefits |  |  | 15,128 |  |  |  | 18,464 |
The net balance of post-employee benefits as at December 31, 2022 is a liability of Euro12,543 thousand (Euro16,016 thousand as of December 31, 2021) and a ll the benefits are classified as defined-benefit plans. The following table presents the changes in long-term employee benefits:
(Euro thousands) |  | Defined-benefit plan in Italy (TFR) |  |  | Defined-benefit plans in Austria |  |  | Other long-term employee benefits |  |  | Total |
At January 1, 2021 |  |  | 2,492 |  |  |  | 14,555 |  |  |  | 2,038 |  |  |  | 19,085 |
Business combination |  |  | 962 |  |  |  | — |  |  |  | — |  |  |  | 962 |
Current service costs |  |  | 83 |  |  |  | 609 |  |  |  | 747 |  |  |  | 1,439 |
Interest expenses |  |  | 6 |  |  |  | 107 |  |  |  | 10 |  |  |  | 123 |
Actuarial losses in other comprehensive loss |  |  | 360 |  |  |  | 120 |  |  |  | — |  |  |  | 480 |
Actuarial gains in profit or loss |  |  | — |  |  |  | — |  |  |  | (184 | ) |  |  | (184 | )
Benefits paid |  |  | (909 | ) |  |  | (2,289 | ) |  |  | (169 | ) |  |  | (3,367 | )
Contributions |  |  | — |  |  |  | (100 | ) |  |  | — |  |  |  | (100 | )
Exchange differences |  |  | 3 |  |  |  | 17 |  |  |  | 6 |  |  |  | 26 |
At December 31, 2021 |  |  | 2,997 |  |  |  | 13,019 |  |  |  | 2,448 |  |  |  | 18,464 |
Current service costs |  |  | 61 |  |  |  | 547 |  |  |  | 546 |  |  |  | 1,154 |
Interest expenses |  |  | 33 |  |  |  | 137 |  |  |  | 19 |  |  |  | 189 |
Actuarial gains in other comprehensive loss |  |  | (425 | ) |  |  | (1,690 | ) |  |  | (69 | ) |  |  | (2,184 | )
Actuarial gains in profit or loss |  |  | — |  |  |  | — |  |  |  | (152 | ) |  |  | (152 | )
Benefits paid |  |  | (305 | ) |  |  | (1,565 | ) |  |  | (137 | ) |  |  | (2,007 | )
Contributions |  |  | — |  |  |  | (277 | ) |  |  | (70 | ) |  |  | (347 | )
Exchange difference s |  |  | — |  |  |  | 11 |  |  |  | — |  |  |  | 11 |
At December 31, 2022 |  |  | 2,361 |  |  |  | 10,182 |  |  |  | 2,585 |  |  |  | 15,128 |
The current service costs and interest expenses are recognized in the statement of profit or loss. The actuarial differences for other long-term employee benefits are also recognized in the statement of profit or loss. The breakdown of the d e fined-benefit obligations by type of benefit plan is as follows:
|  | At December 31, |
(Euro thousands) |  | 2022 |  |  | 2021 |
Defined-benefit plan in Italy |  |  |  |  |  |  |  |
- Italian leaving indemnities |  |  | 2,361 |  |  |  | 2,997 |
Defined-benefit plans in Austria |  |  |  |  |  |  |  |
- Severance payments |  |  | 6,201 |  |  |  | 8,139 |
- Pensions liability |  |  | 3,981 |  |  |  | 4,880 |
|  |  | 10,182 |  |  |  | 13,019 |
Total defined-benefit obligations |  |  | 12,543 |  |  |  | 16,016 |
Defined-benefit plan in Italy Defined-benefit plan in Italy was Trattamento di Fine Rapporto (“TFR”), a legally required end-of-service allowance, paid regardless of the reason for the employee’s departure from the company. Defined-benefit plans in Austria These commitments include the legal requirements for entitled employees who joined the Austrian parent company before 2003 to a one-off severance compensation payment if their employment relationship is terminated or when they retire. The amount of these payments depends on the length of service and the employee’s wages or salaries at the end of employment. These commitments include individual commitments to three former Management Board members. As at December 31, 2022, the fair value of defined-benefit plans attributable to Group companies operating in the Austria is a net recognized commitment of Euro10.18 m illion (December 31, 2021: Euro 13.02 million). It is detailed below:
|  | At December 31, |
(Euro thousands) |  | 2022 |  |  | 2021 |
Fair value of plan liabilities |  |  | 11,612 |  |  |  | 14,263 |
Fair value of plan assets |  |  | (1,430 | ) |  |  | (1,244 | )
Defined-benefit plans in Austria |  |  | 10,182 |  |  |  | 13,019 |
The composition of the m a in plan assets on the reporting date is as follows:
|  | At December 31, |
(Euro thousands) |  | 2022 |  |  | 2021 |
Equity investments |  |  | 666 |  |  |  | 614 |
Real estates |  |  | 423 |  |  |  | 323 |
Bonds |  |  | 137 |  |  |  | 130 |
Alternative investments |  |  | 108 |  |  |  | 65 |
Liquid funds |  |  | 96 |  |  |  | 112 |
Total plan assets |  |  | 1,430 |  |  |  | 1,244 |
The main actuarial assumptions used are as follows:
|  | At December 31, 2022 |  |  |  | At December 31, 2021 |
|  | Defined-benefit plan in Italy (TFR) |  |  | Defined-benefit plans in Austria |  |  |  | Defined-benefit plan in Italy (TFR) |  |  | Defined-benefit plans in Austria |
Average duration of plan (years) |  |  | 8.5~17.47 |  |  |  | 7.60~11.00 |  |  |  |  | 9.80~14.90 |  |  |  | 9.10~13.20 |
Discount rate |  |  | 3.01%~3.86% |  |  |  | 4.09%~4.16% |  |  |  |  | 0.44% |  |  |  | 0.99%~1.23% |
Inflation rate |  |  | 2.59%~4.53% |  |  |  | N.A. |  |  |  |  | 1.75% |  |  |  | N.A. |
Salary increase rate |  |  | 2.55% |  |  |  | 3.00%~7.50% |  |  |  |  | 2.81% |  |  |  | 2.30% |
For the demographic assumptions used in measuring the defined benefit liabilities, the figure used as a benchmark for the mortality rate is the standard one for each local population, broken down by age and gender, while for the staff turnover rate annual frequencies have been calc ulated based o n the individual companies’ data. With respect to the December 31, 2022 liability, a sensitivity analysis was performed on the main actuarial variables such as discount rate, salary changes and inflation rate. The analysis did not lead to significant changes in the liability, except for the sensitivity analysis conducted on the discount rate. A 100-basis-point decrease in the discount rate would result in a Euro1.20 million increase in the amount of the defined-benefit obligation as of December 31, 2021 (December 31, 2021: Euro1.80 million).

X
- Definition The entire disclosure for employee benefits. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 19 -IssueDate 2022-03-24 -Section Scope -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=19&code=ifrs-tx-2022-en-r&doctype=Standard&dita_xref=IAS19_g2-7__IAS19_g2-7_TI -URIDate 2022-03-24 + Details
Name: | ifrs-full_DisclosureOfEmployeeBenefitsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Employee benefits. + References No definition available. + Details
Name: | lanv_EmployeeBenefitsAbstract
Namespace Prefix: | lanv_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration