XML 67 R57.htm IDEA: XBRL DOCUMENT
v3.19.1

Equity method investees (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2018
Text block [abstract] |
Summary of Changes in Carrying Amount of Equity Method Investees | Changes in the carrying amount of equity method investees for the years ended December 31, 2018 and 2017 are analysed as follows:
|  | Natuzzi Trading Shanghai |  |  | Nars Miami LLC |  |  | Selena S.r.l. |  |  | Other |  |  | Total |
Balance as at January 1, 2017 |  |  | — |  |  |  | 63 |  |  |  | — |  |  |  | 34 |  |  |  | 97 |
Share of profit/(loss) for the year |  |  | — |  |  |  | (18 | ) |  |  | — |  |  |  | — |  |  |  | (18 | )
Balance as at December 31, 2017 |  |  | — |  |  |  | 45 |  |  |  | — |  |  |  | 34 |  |  |  | 79 |
Acquisition of non-controlling interests |  |  | 48,024 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 48,024 |
Elimination of intercompany profit |  |  | (7,350 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 7,350 |
Share of profit/(loss) for the year |  |  | (295 | ) |  |  | 39 |  |  |  | — |  |  |  | (34 | ) |  |  | (290 | )
Share of other comprehensive income |  |  | (246 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (246 | )
Effect of translation adjustments |  |  | — |  |  |  | 3 |  |  |  | — |  |  |  | — |  |  |  | 3 |
Balance as at December 31, 2018 |  |  | 40,133 |  |  |  | 87 |  |  |  | — |  |  |  | — |  |  |  | 40,220 |
Schedule of Fair Values of Identifiable Assets and Liabilities and Cash Flow Deriving from Transaction of Subsidiary | The fair values of the identifiable assets and liabilities of Natuzzi Trading Shanghai as at the date control was lost are the following:
Assets |  |  |  |
Property, plant and equipment |  |  | 541 |
Intangible assets |  |  | 9,397 |
Other non-current assets |  |  | 271 |
Deferred tax assets |  |  | 167 |
Inventories |  |  | 851 |
Trade receivables |  |  | 243 |
Other current receivables |  |  | 388 |
Restricted cash for capital contribution |  |  | 35,000 |
Cash and cash equivalents |  |  | 4,886 |
Total assets (a) |  |  | 51,744 |
Liabilities |  |  |  |
Deferred tax liabilities |  |  | 2,349 |
Trade payables |  |  | 992 |
Other payables |  |  | 3,710 |
Liabilities for current income tax |  |  | 31 |
Total liabilities (b) |  |  | 7,082 |
Total identifiable net assets at fair value c (a-b) |  |  | 44,662 |
49% interest measured at fair value (c x 49%) |  |  | 21,884 |
Goodwill arising on the transaction |  |  | 26,140 |
Fair value of the retained 49% interest |  |  | 48,024 |
Details of the net cash flows deriving from the transaction are as follows:
Cash received for the disposal of the 23.54% interest |  |  | 30,000 |
Chinese withholding tax |  |  | (2,958 | )
Cash and cash equivalents of Natuzzi Trading Shanghai |  |  | (4,886 | )
Net cash flows as per cash flows statement |  |  | 22,156 |
Summary of Reconciliation of Fair Value of Retained Interest at the date of loss of control with carrying amount in Consolidated Statement of Financial Position | The following table shows the reconciliation of the fair value of the retained interest in Trading Shanghai at the date of loss of control with the carrying amount as at December 31, 2018 included in the consolidated statement of financial position.
Fair value at the date of loss of control |  |  |  |  |  |  | 48,024 |
Elimination of intercompany profit from licensing Natuzzi trademarks |  |  |  |  |  |  | (7,350 | )
Group’s share of profit for the year |  |  | 311 |  |  |  |  |
Elimination of amortisation of Natuzzi trademark |  |  | 153 |  |  |  |  |
Elimination of intercompany profit on inventories |  |  | (597 | ) |  |  |  |
Amortisation of intangibles assets |  |  | (216 | ) |  |  |  |
Reversal of deferred tax liabilities |  |  | 54 |  |  |  |  |
Group’s share of loss for the year, net of equity method adjustments |  |  | (295 | ) |  |  | (295 | )
Group’s share of other comprehensive income |  |  |  |  |  |  | (246 | )
Carrying amount as at December 31, 2018 |  |  |  |  |  |  | 40,133 |
Summarized Statement of Financial Position and Profit or Loss of Joint Venture | Summarized statement of financial position of Natuzzi Trading Shanghai as at December 31, 2018
Current assets |  |  | 42,288 |
Non-current assets |  |  | 15,785 |
Current liabilities |  |  | (20,328 | )
Non-current liabilities |  |  | — |
Equity |  |  | 37,745 |
Group’s share in equity – 49% |  |  | 18,495 |
Intangible assets |  |  | 4,389 |
Goodwill |  |  | 26,140 |
Elimination of intercompany profit from licensing Natuzzi trademarks |  |  | (7,197 | )
Elimination of intercompany profit on inventories |  |  | (597 | )
Deferred tax liabilities |  |  | (1,097 | )
Group’s carrying amount of the investment |  |  | 40,133 |
Summarized statement of profit or loss of Natuzzi Trading Shanghai for the period July 27, 2018 – December 31, 2018
Revenue |  |  | 13,836 |
Cost of sale |  |  | (8,197 | )
Other income and expenses, net |  |  | 919 |
Selling expenses |  |  | (5,141 | )
Administrative expenses |  |  | (632 | )
Net finance income |  |  | 350 |
Profit before tax |  |  | 1,135 |
Income tax expense |  |  | (500 | )
Profit for the period |  |  | 635 |
Other comprehensive loss |  |  | (503 | )
Total comprehensive profit for the period |  |  | 132 |
Group’s share of profit for the period – 49% |  |  | 311 |
Elimination of amortisation of Natuzzi trademarks |  |  | 153 |
Elimination of intercompany profit on inventories |  |  | (597 | )
Amortisation of intangible assets |  |  | (216 | )
Deferred tax liabilities |  |  | 54 |
Group’s share of loss for the period, net of equity method adj. |  |  | (295 | )
Group’s share of other comprehensive loss for the period |  |  | (246 | )
Group’s share of total comprehensive loss for the period |  |  | (541 | )

X
- Definition The disclosure of the reconciliation of the summarised financial information of a joint venture accounted for using the equity method to the carrying amount of the reporting entity's interest in the joint venture. [Refer: Carrying amount [member]; Joint ventures [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 12 -IssueDate 2018-01-01 -Paragraph B14 -Subparagraph b -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=12&date=2018-03-01&anchor=para_B14_b&doctype=Appendix&seq=2 -URIDate 2018-03-16 + Details
Name: | ifrs-full_DisclosureOfReconciliationOfSummarisedFinancialInformationOfJointVentureAccountedForUsingEquityMethodToCarryingAmountOfInterestInJointVentureExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of detailed information about interests in joint ventures. + References No definition available. + Details
Name: | ntz_DisclosureOfDetailedInformationAboutInterestsInJointVenturesExplanatory
Namespace Prefix: | ntz_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of disposal of interests in subsidiary with loss of control. + References No definition available. + Details
Name: | ntz_DisclosureOfDisposalOfInterestsInSubsidiaryWithLossOfControlExplanatory
Namespace Prefix: | ntz_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of reconciliation in carrying amount of equity method investees. + References No definition available. + Details
Name: | ntz_DisclosureOfReconciliationInCarryingAmountOfEquityMethodInvesteesExplanatory
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