XML 93 R83.htm IDEA: XBRL DOCUMENT
v3.19.1

Income tax expense (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2018
Text block [abstract] |
Summary of Income Tax Rates | Italian companies are subject to two enacted income taxes at the following rates:
|  | 2018 |  |  | 2017 |
IRES (state tax) |  |  | 24.00 | % |  |  | 24.00 | %
IRAP (regional tax) |  |  | 4.82 | % |  |  | 4.82 | %
Summary of Total Income Taxes | Total income taxes for the years ended December 31, 2018 and 2017 are allocated as follows:
|  | 2018 |  |  | 2017 |
Current: |  |  |  |  |  |  |  |
- Domestic |  |  | (4,504 | ) |  |  | (40 | )
- Foreign |  |  | (3,052 | ) |  |  | (3,777 | )
Total (a) |  |  | (7,556 | ) |  |  | (3,817 | )
Deferred: |  |  |  |  |  |  |  |
- Domestic |  |  | 270 |  |  |  | (310 | )
- Foreign |  |  | (143 | ) |  |  | 1,241 |
Total (b) |  |  | 127 |  |  |  | 931 |
Total (a + b) |  |  | (7,429 | ) |  |  | (2,886 | )
Summary of Consolidated Profit (Loss) Before Income Taxes and Non-Controlling Interest | Consolidated profit (loss) before income taxes and non-controlling interest of the consolidated statement of profit or loss for the years ended December 31, 2018 and 2017, is analysed as follows:
|  | 2018 |  |  | 2017 |
Domestic |  |  | 40,822 |  |  |  | (28,358 | )
Foreign |  |  | (274 | ) |  |  | 399 |
Total |  |  | 40,548 |  |  |  | (27,959 | )
Reconciliation of Income Tax Expense | The effective income taxes differ from the expected income tax expense (computed by applying the IRES state tax, which is 24% for 2018 and 2017, to income before income taxes and non-controlling interest) as follows:
|  | 2018 |  |  | 2017 |
Expected tax benefit (expense) at statutory tax rates |  |  | (9,732 | ) |  |  | 6,710 |
Effect of: |  |  |  |  |  |  |  |
- Tax exempt income |  |  | 1,665 |  |  |  | 952 |
- Aggregate effect of different tax rates in foreign jurisdictions |  |  | 208 |  |  |  | 25 |
- Italian regional tax |  |  | (46 | ) |  |  | (39 | )
- Non-deductible expenses |  |  | (2,667 | ) |  |  | (1,972 | )
- Tax effect on unremitted earnings |  |  | (1,252 | ) |  |  | (1,998 | )
- Non taxable gain from disposal and loss of control of a subsidiary |  |  | 17,193 |  |  |  | — |
- Chinese withholding tax on income not recoverable |  |  | (4,458 | ) |  |  | — |
- Tax audit settlement for other taxes |  |  | — |  |  |  | 930 |
- Effect of net change in deferred tax assets unrecognised |  |  | (8,340 | ) |  |  | (7,494 | )
Actual tax charge |  |  | (7,429 | ) |  |  | (2,886 | )
Summary of Deferred Tax Assets and Liabilities | The tax effects of temporary differences that give rise to deferred tax assets and deferred tax liabilities as at December 31, 2018, 2017 and January 1, 2017 are presented below:
|  | 31/12/18 |  |  | 31/12/17 |  |  | 01/01/17 |
Deferred tax assets |  |  |  |  |  |  |  |  |  |  |  |
Intercompany profit on inventories |  |  | 1,162 |  |  |  | 885 |  |  |  | 344 |
Provision for contingent liabilities |  |  | 621 |  |  |  | 314 |  |  |  | 506 |
Inventories obsolescence |  |  | 152 |  |  |  | 166 |  |  |  | — |
Deferred revenues and costs (IFRS 15) |  |  | — |  |  |  | 759 |  |  |  | 459 |
Tax loss carry-forwards |  |  | — |  |  |  | 172 |  |  |  | 852 |
Other temporary differences |  |  | 92 |  |  |  | 360 |  |  |  | 396 |
Total deferred tax assets |  |  | 2,027 |  |  |  | 2,656 |  |  |  | 2,557 |
|  | 31/12/18 |  |  | 31/12/17 |  |  | 01/01/17 |
Deferred tax liabilities |  |  |  |  |  |  |  |  |  |  |  |
Unrealised net gains on foreign exchange rate |  |  | (735 | ) |  |  | (1,271 | ) |  |  | (998 | )
Deferred revenues and costs (IFRS 15) |  |  | (716 | ) |  |  | (989 | ) |  |  | (413 | )
Withholding tax on unremitted earnings of subsidiaries |  |  | — |  |  |  | — |  |  |  | (1,720 | )
Other temporary differences |  |  | (143 | ) |  |  | (90 | ) |  |  | (43 | )
Total deferred tax liabilities |  |  | (1,594 | ) |  |  | (2,350 | ) |  |  | (3,174 | )
Summary of Reconciliation of Deferred Tax Assets and Liabilities Included in Consolidated Statements of Financial Position | The following table shows the reconciliation of deferred tax assets and deferred tax liabilities with the balances included in the consolidated statements of financial position as at December 31, 2018, 2017 and January 1, 2017.
|  | 31/12/18 |  |  | 31/12/17 |  |  | 01/01/17 |
Deferred tax assets |  |  | 2,027 |  |  |  | 2,656 |  |  |  | 2,557 |
Deferred tax liabilities compensated |  |  | (1,552 | ) |  |  | (2,030 | ) |  |  | (1,411 | )
Net deferred tax assets |  |  | 475 |  |  |  | 626 |  |  |  | 1,146 |
Deferred tax liabilities |  |  | (42 | ) |  |  | (320 | ) |  |  | (1,763 | )
Summary of Movements in deferred Tax Balances | Movements in deferred tax balances occurred during 2018 and 2017 are analysed as follows:
|  | Def. tax assets |  |  | Def. tax liabilities |  |  | Total |
Balance as at January 1, 2017 |  |  | 2,557 |  |  |  | (3,174 | ) |  |  | (617 | )
Recognised in profit or loss |  |  | 99 |  |  |  | 832 |  |  |  | 931 |
Recognised in OCI |  |  | — |  |  |  | (8 | ) |  |  | (8 | )
Balance as at December 31, 2017 |  |  | 2,656 |  |  |  | (2,350 | ) |  |  | 306 |
Recognised in profit or loss |  |  | (629 | ) |  |  | 756 |  |  |  | 127 |
Recognised in OCI |  |  | — |  |  |  | — |  |  |  | — |
Balance as at December 31, 2018 |  |  | 2,027 |  |  |  | (1,594 | ) |  |  | 433 |
Summary of Unrecognised Deferred Tax Assets | Deferred tax assets have not been recognised in respect of the following items, because it is not probable that future taxable profit will be available against which the Group can use the benefits therefrom.
|  | 31/12/18 |  |  | 31/12/17 |  |  | 01/01/17 |
Unrecognised deferred tax assets |  |  |  |  |  |  |  |  |  |  |  |
Tax loss carry-forwards |  |  | 99,133 |  |  |  | 95,912 |  |  |  | 94,556 |
Provision for contingent liabilities |  |  | 3,234 |  |  |  | 4,085 |  |  |  | 2,223 |
Inventories obsolescence |  |  | 2,055 |  |  |  | 1,924 |  |  |  | 2,078 |
Intercompany profit on inventories |  |  | 1,040 |  |  |  | 817 |  |  |  | 947 |
Allowance for doubtful accounts |  |  | 2,145 |  |  |  | 2,434 |  |  |  | 2,121 |
Provision for warranties |  |  | 1,343 |  |  |  | 1,757 |  |  |  | 1,649 |
Impairment of property, plant and equipment |  |  | 1,228 |  |  |  | 1,425 |  |  |  | 1,521 |
Goodwill and intangible assets |  |  | 569 |  |  |  | 912 |  |  |  | 981 |
Deferred revenues and costs (IFRS 15) |  |  | 541 |  |  |  | — |  |  |  | — |
IAS 19 adjustment - employees’ leaving entitlement |  |  | 470 |  |  |  | 357 |  |  |  | 392 |
Other temporary differences |  |  | 1,304 |  |  |  | 1,836 |  |  |  | 2,699 |
Total unrecognised deferred tax assets |  |  | 113,062 |  |  |  | 111,459 |  |  |  | 109,167 |
Summary of Tax Loss Carry Forward | As at December 31, 2018 the tax losses carried-forward of the Group total 393,630 and expire as follows:
2019 |  |  | 2,833 |
2020 |  |  | 5,368 |
2021 |  |  | 6,586 |
2022 |  |  | 4,051 |
2023 |  |  | 6,809 |
Thereafter |  |  | 39,333 |
No expiration |  |  | 328,650 |
Total |  |  | 393,630 |

X
- Definition The disclosure of deferred taxes. [Refer: Deferred tax liabilities; Deferred tax assets] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2018-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=1&date=2018-03-01&anchor=para_10_e&doctype=Standard -URIDate 2018-03-16 + Details
Name: | ifrs-full_DisclosureOfDeferredTaxesExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure Of Detailed Information About Profit Loss Before Income Taxes and Non Controlling Interest Explanatory + References No definition available. + Details
Name: | ntz_DisclosureOfDetailedInformationAboutProfitLossBeforeIncomeTaxesAndNonControllingInterestExplanatory
Namespace Prefix: | ntz_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of income tax expense (benefits). + References No definition available. + Details
Name: | ntz_DisclosureOfIncomeTaxExpenseBenefitsExplanatory
Namespace Prefix: | ntz_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of income taxes rates. + References No definition available. + Details
Name: | ntz_DisclosureOfIncomeTaxRateExplanatory
Namespace Prefix: | ntz_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of movements in deferred tax balances. + References No definition available. + Details
Name: | ntz_DisclosureOfMovementsInDeferredTaxBalancesExplanatory
Namespace Prefix: | ntz_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of reconciliation of accounting profit multiplied by applicable tax rates. + References No definition available. + Details
Name: | ntz_DisclosureOfReconciliationOfAccountingProfitMultipliedByApplicableTaxRatesExplanatory
Namespace Prefix: | ntz_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure Of Reconciliation Of Deferred Tax Assets And Liabilities[text block] + References No definition available. + Details
Name: | ntz_DisclosureOfReconciliationOfDeferredTaxAssetsAndLiabilitiesExplanatory
Namespace Prefix: | ntz_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of tax loss carry-forwards. + References No definition available. + Details
Name: | ntz_DisclosureOfTaxLossCarryforwardsExplanatory
Namespace Prefix: | ntz_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of unrecognized deferred tax assets. + References No definition available. + Details
Name: | ntz_DisclosureOfUnrecognizedDeferredTaxAssetsExplanatory
Namespace Prefix: | ntz_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Text block [abstract] + References No definition available. + Details
Name: | ntz_TextBlockAbstract
Namespace Prefix: | ntz_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration