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Provisions | 12 Months Ended
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Dec. 31, 2022
Provisions [abstract] |
Provisions | 2 7 . Provisions The Provisions, which amount to Euro7,125 thousand in 2022 (2021: Euro 7,307 thousand) represent management’s best estimate of the potential liabilities. In managements’ opinion, based on the information available to them, the total amount allocated for risks and charges at the reporting date is adequate in respect of the liabilities that could arise from the underlying circumstances. The following tables show the movement of the provisions in 2022 and 2021:
(Euro thousands) |  | Provisions for litigation |  |  | Provisions for contingencies and losses |  |  | Other provisions |  |  | Total provisions |
At January 1, 2021 |  |  | 798 |  |  |  | 3,676 |  |  |  | 1,302 |  |  |  | 5,776 |
Of which current |  |  | — |  |  |  | 1,914 |  |  |  | 576 |  |  |  | 2,490 |
Of which non-current |  |  | 798 |  |  |  | 1,762 |  |  |  | 726 |  |  |  | 3,286 |
Provisions |  |  | 1,036 |  |  |  | 536 |  |  |  | 133 |  |  |  | 1,705 |
Business combination |  |  | — |  |  |  | 942 |  |  |  | — |  |  |  | 942 |
Releases |  |  | (39 | ) |  |  | (32 | ) |  |  | (285 | ) |  |  | (356 | )
Utilizations |  |  | (21 | ) |  |  | (956 | ) |  |  | — |  |  |  | (977 | )
Exchange differences |  |  | — |  |  |  | 217 |  |  |  | — |  |  |  | 217 |
At December 31, 2021 |  |  | 1,774 |  |  |  | 4,383 |  |  |  | 1,150 |  |  |  | 7,307 |
Of which current |  |  | — |  |  |  | 2,476 |  |  |  | 665 |  |  |  | 3,141 |
Of which non-current |  |  | 1,774 |  |  |  | 1,907 |  |  |  | 485 |  |  |  | 4,166 |
Provisions |  |  | 991 |  |  |  | 1,060 |  |  |  | 364 |  |  |  | 2,415 |
Releases |  |  | (627 | ) |  |  | (786 | ) |  |  | (19 | ) |  |  | (1,432 | )
Utilizations |  |  | — |  |  |  | (869 | ) |  |  | (457 | ) |  |  | (1,326 | )
Exchange differences |  |  | — |  |  |  | 185 |  |  |  | (24 | ) |  |  | 161 |
At December 31, 2022 |  |  | 2,138 |  |  |  | 3,973 |  |  |  | 1,014 |  |  |  | 7,125 |
Of which current |  |  | 12 |  |  |  | 2,470 |  |  |  | 532 |  |  |  | 3,014 |
Of which non-current |  |  | 2,126 |  |  |  | 1,503 |  |  |  | 482 |  |  |  | 4,111 |
The provision for litigation includes provisions for various litigated matters that have occurred in the ordinary course of business. The Group is a defendant in various other legal and fiscal lawsuits arising in the ordinary course of business. It is the opinion of the management of the Company that it has meritorious defenses against all such outstanding claims, which the Company will vigorously pursue, and that the outcome of such claims, individually or in the aggregate, will not have a material adverse effect on the Group’s consolidated financial position or results of operations.

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- Definition The disclosure of provisions. [Refer: Provisions] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_10_e&doctype=Standard -URIDate 2022-03-24 + Details
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