Employee Benefits (Tables)

12 Months Ended

Dec. 31, 2022

Schedule Of Employee Benefits Of The Group

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

Schedule Of Changes In Long Term Employee Benefits

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

Schedule Of Breakdown Of Defined Benefit Obligation By Type Of Defined Benefit Plan

The breakdown of the d

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

Schedule Of Fair Value Of Defined Benefit Plans

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

Schedule Of Composition Of Main Plan Assets As On Reporting Date

The composition of the m

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

Schedule Of Main Actuarial Assumptions Of Defined Benefit Plans

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%