XML 99 R89.htm IDEA: XBRL DOCUMENT
v3.19.1

Explanation of the effects of transition to International Financial Reporting Standards (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2018
Text block [abstract] |
Summary of Reconciliation Statement of Consolidated Balance Sheet | (i) Reconciliation of the consolidated statement of financial position prepared in accordance with Italian GAAP with the consolidated statement of financial position prepared in accordance with IFRS as at January 1, 2017
|  | January 1, 2017 Italian GAAP (*) |  |  | IFRS adjustments |  |  | January 1, 2017 IFRS |  |  | Note |
ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-current assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Property, plant and equipment |  |  | 115,924 |  |  |  | 5,781 |  |  |  | 121,705 |  |  |  | 43.4 | (a)
Intangible assets and goodwill |  |  | 4,233 |  |  |  | (306 | ) |  |  | 3,927 |  |  |  | 43.4 | (b)
Equity-accounted investees |  |  | 97 |  |  |  | — |  |  |  | 97 |  |  |  |  |
Other non-current receivables |  |  | 2,137 |  |  |  | — |  |  |  | 2,137 |  |  |  |  |
Other non-current assets |  |  | — |  |  |  | 1,323 |  |  |  | 1,323 |  |  |  | 43.4 | (f)
Deferred tax assets |  |  | 1,100 |  |  |  | 46 |  |  |  | 1,146 |  |  |  | 43.4 | (c)
Total non current assets |  |  | 123,491 |  |  |  | 6,844 |  |  |  | 130,335 |  |  |  |  |
Current assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Inventories |  |  | 78,384 |  |  |  | 12,630 |  |  |  | 91,014 |  |  |  | 43.4 | (d)
Trade receivables |  |  | 53,087 |  |  |  | (12,949 | ) |  |  | 40,138 |  |  |  | 43.4 | (e)
Other current receivables |  |  | 18,237 |  |  |  | — |  |  |  | 18,237 |  |  |  |  |
Other current assets |  |  | 7,573 |  |  |  | 2,670 |  |  |  | 10,243 |  |  |  | 43.4 | (f)
Current income tax assets |  |  | 1,254 |  |  |  | — |  |  |  | 1,254 |  |  |  |  |
Gains on derivative financial instruments |  |  | 223 |  |  |  | — |  |  |  | 223 |  |  |  |  |
Cash and cash equivalents |  |  | 64,981 |  |  |  | — |  |  |  | 64,981 |  |  |  |  |
Total current assets |  |  | 223,739 |  |  |  | 2,351 |  |  |  | 226,090 |  |  |  |  |
TOTAL ASSETS |  |  | 347,230 |  |  |  | 9,195 |  |  |  | 356,425 |  |  |  |  |
EQUITY |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Share capital |  |  | 54,853 |  |  |  | — |  |  |  | 54,853 |  |  |  |  |
Reserves |  |  | 16,439 |  |  |  | 7,626 |  |  |  | 24,065 |  |  |  |  |
Retained earnings |  |  | 77,745 |  |  |  | (16,109 | ) |  |  | 61,636 |  |  |  |  |
EQUITY ATTRIBUTABLE TO OWNERS OF THE COMPANY |  |  | 149,037 |  |  |  | (8,483 | ) |  |  | 140,554 |  |  |  |  |
Non-controlling interests |  |  | 3,445 |  |  |  | — |  |  |  | 3,445 |  |  |  |  |
TOTAL EQUITY |  |  | 152,482 |  |  |  | (8,483 | ) |  |  | 143,999 |  |  |  | 43.4 | (g)
LIABILITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-current liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term borrowings |  |  | 6,329 |  |  |  | — |  |  |  | 6,329 |  |  |  |  |
Employees’ leaving entitlement |  |  | 17,791 |  |  |  | 1,635 |  |  |  | 19,426 |  |  |  | 43.4 | (h)
Non-current contract liabilities |  |  | — |  |  |  | 1,652 |  |  |  | 1,652 |  |  |  | 43.4 | (j)
Provisions |  |  | 13,253 |  |  |  | — |  |  |  | 13,253 |  |  |  |  |
Deferred income for capital grants |  |  | 7,195 |  |  |  | 7,565 |  |  |  | 14,760 |  |  |  | 43.4 | (i)
Deferred tax liabilities |  |  | 1,763 |  |  |  | — |  |  |  | 1,763 |  |  |  | 43.4 | (c)
Total non current liabilities |  |  | 46,331 |  |  |  | 10,852 |  |  |  | 57,183 |  |  |  |  |
Current liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Bank overdraft and short-term borrowings |  |  | 18,152 |  |  |  | 6,275 |  |  |  | 24,427 |  |  |  | 43.4 | (d)
Current portion of long-term borrowings |  |  | 11,632 |  |  |  | — |  |  |  | 11,632 |  |  |  |  |
Trade payables |  |  | 70,457 |  |  |  | — |  |  |  | 70,457 |  |  |  |  |
Other payables |  |  | 29,407 |  |  |  | — |  |  |  | 29,407 |  |  |  |  |
Current contract liabilities |  |  | 10,096 |  |  |  | 551 |  |  |  | 10,647 |  |  |  | 43.4 | (j)
Provisions |  |  | 5,687 |  |  |  | — |  |  |  | 5,687 |  |  |  |  |
Liabilities for current income tax |  |  | 1,693 |  |  |  | — |  |  |  | 1,693 |  |  |  |  |
Losses on derivative financial instruments |  |  | 1,293 |  |  |  | — |  |  |  | 1,293 |  |  |  |  |
Total current liabilities |  |  | 148,417 |  |  |  | 6,826 |  |  |  | 155,243 |  |  |  |  |
TOTAL LIABILITIES |  |  | 194,748 |  |  |  | 17,678 |  |  |  | 212,426 |  |  |  |  |
TOTAL EQUITY AND LIABILITIES |  |  | 347,230 |  |  |  | 9,195 |  |  |  | 356,425 |  |  |  |  |
| (*) | Figures reported reflect some IFRS reclassifications. For details see note 43.4 (k)
(ii) Reconciliation of the consolidated statement of financial position prepared in accordance with Italian GAAP with the consolidated statement of financial position prepared in accordance with IFRS as at December 31, 2017
|  | December 31, 2017 Italian GAAP (*) |  |  | IFRS adjustments |  |  | December 31, 2017 IFRS |  |  | Note |
ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-current assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Property, plant and equipment |  |  | 107,917 |  |  |  | 7,273 |  |  |  | 115,190 |  |  |  | 43.4 | (a)
Intangible assets and goodwill |  |  | 5,514 |  |  |  | 323 |  |  |  | 5,837 |  |  |  | 43.4 | (b)
Equity-accounted investees |  |  | 79 |  |  |  | — |  |  |  | 79 |  |  |  |  |
Other non-current receivables |  |  | 1,402 |  |  |  | — |  |  |  | 1,402 |  |  |  |  |
Other non-current assets |  |  | — |  |  |  | 2,851 |  |  |  | 2,851 |  |  |  | 43.4 | (f)
Deferred tax assets |  |  | 626 |  |  |  | — |  |  |  | 626 |  |  |  | 43.4 | (c)
Total non current assets |  |  | 115,538 |  |  |  | 10,447 |  |  |  | 125,985 |  |  |  |  |
Current assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Inventories |  |  | 80,273 |  |  |  | 10,804 |  |  |  | 91,077 |  |  |  | 43.4 | (d)
Trade receivables |  |  | 46,852 |  |  |  | (9,303 | ) |  |  | 37,549 |  |  |  | 43.4 | (e)
Other current receivables |  |  | 12,910 |  |  |  | — |  |  |  | 12,910 |  |  |  |  |
Other current assets |  |  | 4,404 |  |  |  | 2,828 |  |  |  | 7,232 |  |  |  | 43.4 | (f)
Current income tax assets |  |  | 2,413 |  |  |  | — |  |  |  | 2,413 |  |  |  |  |
Gains on derivative financial instruments |  |  | 339 |  |  |  | — |  |  |  | 339 |  |  |  |  |
Cash and cash equivalents |  |  | 55,035 |  |  |  | — |  |  |  | 55,035 |  |  |  |  |
Total current assets |  |  | 202,226 |  |  |  | 4,329 |  |  |  | 206,555 |  |  |  |  |
TOTAL ASSETS |  |  | 317,764 |  |  |  | 14,776 |  |  |  | 332,540 |  |  |  |  |
EQUITY |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Share capital |  |  | 54,853 |  |  |  | — |  |  |  | 54,853 |  |  |  |  |
Reserves |  |  | 5,247 |  |  |  | 11,151 |  |  |  | 16,398 |  |  |  |  |
Retained earnings |  |  | 46,346 |  |  |  | (15,102 | ) |  |  | 31,244 |  |  |  |  |
EQUITY ATTRIBUTABLE TO OWNERS OF THE COMPANY |  |  | 106,446 |  |  |  | (3,951 | ) |  |  | 102,495 |  |  |  |  |
Non-controlling interests |  |  | 2,039 |  |  |  | — |  |  |  | 2,039 |  |  |  |  |
TOTAL EQUITY |  |  | 108,485 |  |  |  | (3,951 | ) |  |  | 104,534 |  |  |  | 43.4 | (g)
LIABILITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-current liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term borrowings |  |  | 20,877 |  |  |  | — |  |  |  | 20,877 |  |  |  |  |
Employees’ leaving entitlement |  |  | 17,210 |  |  |  | 1,610 |  |  |  | 18,820 |  |  |  | 43.4 | (h)
Non-current contract liabilities |  |  | — |  |  |  | 2,560 |  |  |  | 2,560 |  |  |  | 43.4 | (j)
Provisions |  |  | 16,715 |  |  |  | — |  |  |  | 16,715 |  |  |  |  |
Deferred income for capital grants |  |  | 6,809 |  |  |  | 6,962 |  |  |  | 13,771 |  |  |  | 43.4 | (i)
Deferred tax liabilities |  |  | 48 |  |  |  | 272 |  |  |  | 320 |  |  |  | 43.4 | (c)
Total non current liabilities |  |  | 61,659 |  |  |  | 11,404 |  |  |  | 73,063 |  |  |  |  |
Current liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Bank overdraft and short-term borrowings |  |  | 19,680 |  |  |  | 6,287 |  |  |  | 25,967 |  |  |  | 43.4 | (d)
Current portion of long-term borrowings |  |  | 4,840 |  |  |  | — |  |  |  | 4,840 |  |  |  |  |
Trade payables |  |  | 76,035 |  |  |  | — |  |  |  | 76,035 |  |  |  |  |
Other payables |  |  | 27,587 |  |  |  | — |  |  |  | 27,587 |  |  |  |  |
Current contract liabilities |  |  | 11,937 |  |  |  | 1,036 |  |  |  | 12,973 |  |  |  | 43.4 | (j)
Provisions |  |  | 5,957 |  |  |  | — |  |  |  | 5,957 |  |  |  |  |
Liabilities for current income tax |  |  | 1,317 |  |  |  | — |  |  |  | 1,317 |  |  |  |  |
Losses on derivative financial instruments |  |  | 267 |  |  |  | — |  |  |  | 267 |  |  |  |  |
Total current liabilities |  |  | 147,620 |  |  |  | 7,323 |  |  |  | 154,943 |  |  |  |  |
TOTAL LIABILITIES |  |  | 209,279 |  |  |  | 18,727 |  |  |  | 228,006 |  |  |  |  |
TOTAL EQUITY AND LIABILITIES |  |  | 317,764 |  |  |  | 14,776 |  |  |  | 332,540 |  |  |  |  |
| (*) | Figures reported reflect some IFRS reclassifications. For details see note 43.4 (k)
Summary of Reconciliation Statement of Consolidated Income Statement | (iii) Reconciliation of the consolidated statement of profit or loss prepared in accordance with Italian GAAP with the consolidated statement of profit or loss prepared in accordance with IFRS for the year ended December 31, 2017
|  | 2017 Italian GAAP (*) |  |  | IFRS adjustments |  |  | 2017 IFRS |  |  | Note |
Revenue |  |  | 445,444 |  |  |  | 3,436 |  |  |  | 448,880 |  |  |  | 43.4 | (l)
Cost of sales |  |  | (318,472 | ) |  |  | 71 |  |  |  | (318,401 | ) |  |  | 43.4 | (m)
Gross Profit |  |  | 126,972 |  |  |  | 3,507 |  |  |  | 130,479 |  |  |  |  |
Other income |  |  | 1,650 |  |  |  | — |  |  |  | 1,650 |  |  |  |  |
Selling expenses |  |  | (120,005 | ) |  |  | 276 |  |  |  | (119,729 | ) |  |  | 43.4 | (n)
Administrative expenses |  |  | (36,105 | ) |  |  | — |  |  |  | (36,105 | ) |  |  |  |
Other expenses |  |  | (250 | ) |  |  | — |  |  |  | (250 | ) |  |  |  |
Operating loss |  |  | (27,738 | ) |  |  | 3,783 |  |  |  | (23,955 | ) |  |  |  |
Finance income |  |  | 1,252 |  |  |  | — |  |  |  | 1,252 |  |  |  |  |
Finance costs |  |  | (6,042 | ) |  |  | (247 | ) |  |  | (6,289 | ) |  |  | 43.4 | (o)
Net exchange rate gains (losses) |  |  | 3,252 |  |  |  | (2,219 | ) |  |  | 1,033 |  |  |  | 43.4 | (p)
Net finance costs |  |  | (1,538 | ) |  |  | (2,466 | ) |  |  | (4,004 | ) |  |  |  |
Loss before tax |  |  | (29,276 | ) |  |  | 1,317 |  |  |  | (27,959 | ) |  |  |  |
Income tax expense |  |  | (2,576 | ) |  |  | (310 | ) |  |  | (2,886 | ) |  |  | 43.4 | (q)
Loss for the year |  |  | (31,852 | ) |  |  | 1,007 |  |  |  | (30,845 | ) |  |  |  |
Loss attributable to: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Owners of the Company |  |  | (31,399 | ) |  |  | 1,007 |  |  |  | (30,392 | ) |  |  |  |
Non-controlling interests |  |  | (453 | ) |  |  | — |  |  |  | (453 | ) |  |  |  |
Loss per share |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic loss per share |  |  | (0.57 | ) |  |  |  |  |  |  | (0.55 | ) |  |  |  |
Diluted loss per share |  |  | (0.57 | ) |  |  |  |  |  |  | (0.55 | ) |  |  |  |
| (*) | Figures reported reflect some IFRS reclassifications. For details see note 43.4 (r)
Summary of Reconciliation Statement of Consolidated Comprehensive Income | (iv) Reconciliation of the consolidated statement of comprehensive income prepared in accordance with Italian GAAP with the consolidated statement of comprehensive income prepared in accordance with IFRS for the year ended December 31, 2018
|  | 2017 Italian GAAP |  |  | IFRS adjustments |  |  | 2017 IFRS |  |  | Note |
Loss for the year |  |  | (31,852 | ) |  |  | 1,007 |  |  |  | (30,845 | ) |  |  |  |
Other comprehensive income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Items that will not be reclassified to profit or loss |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Actuarial losses on employees’ leaving entitlement |  |  | — |  |  |  | (108 | ) |  |  | (108 | ) |  |  | 43.4 | (s)
Tax impact |  |  | — |  |  |  | (8 | ) |  |  | (8 | ) |  |  |  |
|  |  | — |  |  |  | (116 | ) |  |  | (116 | ) |  |  |  |
Total |  |  | — |  |  |  | (116 | ) |  |  | (116 | ) |  |  |  |
Items that are or maybe reclassified subsequently to profit or loss |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Exchange rate differences on translation of foreign operations |  |  | (11,419 | ) |  |  | 3,641 |  |  |  | (7,778 | ) |  |  | 43.4 | (t)
Tax impact |  |  | — |  |  |  | — |  |  |  | — |  |  |  |  |
Total |  |  | (11,419 | ) |  |  | 3,641 |  |  |  | (7,778 | ) |  |  |  |
Other comprehensive loss for the year, net of tax |  |  | (11,419 | ) |  |  | 3,525 |  |  |  | (7,894 | ) |  |  |  |
Total comprehensive loss for the year |  |  | (43,271 | ) |  |  | 4,532 |  |  |  | (38,739 | ) |  |  |  |
Total comprehensive loss attributable to: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Owners of the Company |  |  | (42,591 | ) |  |  |  |  |  |  | (38,059 | ) |  |  |  |
Non-controlling interests |  |  | (680 | ) |  |  |  |  |  |  | (680 | ) |  |  |  |
Reconciliation of Equit, Loss and Other Comprehensive Loss Between Italian GAAP and IFRS | (v) Reconciliation of equity as at January 1, 2017 and December 31, 2017, loss and other comprehensive loss for the year ended December 31, 2017 between Italian GAAP and IFRS
|  | Equity January 1, 2017 |  |  | Loss 2017 |  |  | Other comprehensive loss 2017 |  |  | Equity December 31, 2017 |  |  | Note |
Balance in accordance with Italian Gaap |  |  | 152,482 |  |  |  | (31,852 | ) |  |  | — |  |  |  | 108,485 |  |  |  |  |
Attributable to Owners of the Company |  |  | 149,037 |  |  |  | (31,399 | ) |  |  |  |  |  |  | 106,446 |  |  |  |  |
Attributable to Non-controlling interests |  |  | 3,445 |  |  |  | (453 | ) |  |  |  |  |  |  | 2,039 |  |  |  |  |
IFRS Adjustments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Functional currency adjustment |  |  | 6,180 |  |  |  | (2,219 | ) |  |  | 3,641 |  |  |  | 7,602 |  |  |  | 43.4 | (a)
Costs not eligible for capitalization included in property, plant and equipment |  |  | (399 | ) |  |  | 70 |  |  |  | — |  |  |  | (329 | ) |  |  | 43.4 | (a)
Costs not eligible for capitalization included in intagible assets |  |  | (306 | ) |  |  | 306 |  |  |  | — |  |  |  | — |  |  |  | 43.4 | (b)
Write-off of amortization of goodwill |  |  | — |  |  |  | 323 |  |  |  | — |  |  |  | 323 |  |  |  | 43.4 | (b)
Revenue of finished goods derecognised |  |  | (4,364 | ) |  |  | 1,308 |  |  |  | — |  |  |  | (3,056 | ) |  |  | 43.4 | (d)
Deferred costs for slotting fees |  |  | 204 |  |  |  | 1,195 |  |  |  | — |  |  |  | 1,399 |  |  |  | 43.4 | (f)
Deferred revenues for Natuzzi Display System |  |  | (1,594 | ) |  |  | (1,042 | ) |  |  | — |  |  |  | (2,636 | ) |  |  | 43.4 | (j)
Deferred costs for Natuzzi Display System |  |  | 1,229 |  |  |  | 802 |  |  |  | — |  |  |  | 2,031 |  |  |  | 43.4 | (f)
Deferred revenues for Service Type Warranty |  |  | (609 | ) |  |  | (351 | ) |  |  | — |  |  |  | (960 | ) |  |  | 43.4 | (j)
Deferred costs for Service Type Warranty |  |  | 330 |  |  |  | 189 |  |  |  | — |  |  |  | 519 |  |  |  | 43.4 | (f)
IAS 19 adjustment - employees’ leaving entitlement |  |  | (1,635 | ) |  |  | 133 |  |  |  | (108 | ) |  |  | (1,610 | ) |  |  | 43.4 | (h)
Government Grants |  |  | (7,565 | ) |  |  | 603 |  |  |  | — |  |  |  | (6,962 | ) |  |  | 43.4 | (i)
Tax effects of IFRS adjustments |  |  | 46 |  |  |  | (310 | ) |  |  | (8 | ) |  |  | (272 | ) |  |  | 43.4 | (c)
Total IFRS adjustments |  |  | (8,483 | ) |  |  | 1,007 |  |  |  | 3,525 |  |  |  | (3,951 | ) |  |  |  |
Balance in accordance with IFRS |  |  | 143,999 |  |  |  | (30,845 | ) |  |  | 3,525 |  |  |  | 104,534 |  |  |  |  |
Attributable to Owners of the Company |  |  | 140,554 |  |  |  | (30,392 | ) |  |  |  |  |  |  | 102,495 |  |  |  |  |
Attributable to Non-controlling interests |  |  | 3,445 |  |  |  | (453 | ) |  |  |  |  |  |  | 2,039 |  |  |  |  |
Summary of Reconciliation Consolidated Shareholders Equity and Consolidated Economic Result | (vi) Consolidated statement of changes in equity for the year ended December 31, 2017
|  | Share Capital amount |  |  | Translation reserve |  |  | IAS 19 reserve |  |  | Other reserves |  |  | Retained earnings |  |  | Equity attributable to owners of the Company |  |  | Equity attributable to owner Non- controlling interests |  |  | Total equity |
Balance as at January 1, 2017 as per Italian Gaap |  |  | 54,853 |  |  |  | 4,980 |  |  |  | — |  |  |  | 11,459 |  |  |  | 77,745 |  |  |  | 149,037 |  |  |  | 3,445 |  |  |  | 152,482 |
IFRS adjustments for First Time Adoption |  |  | — |  |  |  | 7,626 |  |  |  | — |  |  |  | — |  |  |  | (16,109 | ) |  |  | (8,483 | ) |  |  | — |  |  |  | (8,483 | )
Balance as at January 1, 2017 as per IFRS |  |  | 54,853 |  |  |  | 12,606 |  |  |  | — |  |  |  | 11,459 |  |  |  | 61,636 |  |  |  | 140,554 |  |  |  | 3,445 |  |  |  | 143,999 |
Dividends Distribution |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (726 | ) |  |  | (726 | )
Loss for the period |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (30,392 | ) |  |  | (30,392 | ) |  |  | (453 | ) |  |  | (30,845 | )
Other comprehensive loss for the period |  |  | — |  |  |  | (7,551 | ) |  |  | (116 | ) |  |  | — |  |  |  | — |  |  |  | (7,667 | ) |  |  | (227 | ) |  |  | (7,894 | )
Balance as at December 31, 2017 as per IFRS |  |  | 54,853 |  |  |  | 5,055 |  |  |  | (116 | ) |  |  | 11,459 |  |  |  | 31,244 |  |  |  | 102,495 |  |  |  | 2,039 |  |  |  | 104,534 |
Schedule of Reconciling ITA GAAP and IFRS Consolidated Statement of Cash Flows | (vii) Reconciliation of the consolidated statement of cash flows prepared in accordance with Italian GAAP with the consolidated statement of cash flows prepared in accordance with IFRS for the year ended December 31, 2017
|  | 2017 Italian GAAP |  |  | IFRS adjustments |  |  | 2017 IFRS |  |  | Note |
Cash flows from operating activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loss for the period |  |  | (31,852 | ) |  |  | 1,007 |  |  |  | (30,845 | ) |  |  |  |
Adjustments for: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Depreciation |  |  | 12,823 |  |  |  | (1,962 | ) |  |  | 10,861 |  |  |  | 43.4 | (u)
Amortization |  |  | — |  |  |  | 1,569 |  |  |  | 1,569 |  |  |  | 43.4 | (u)
Interest expenses |  |  | — |  |  |  | 4,639 |  |  |  | 4,639 |  |  |  | 43.4 | (u)
Share of profit (loss) of equity-accounted investees, net of tax |  |  | — |  |  |  | (18 | ) |  |  | (18 | ) |  |  |  |
(Gain) loss on sale of property, plant and equipment |  |  | 73 |  |  |  | — |  |  |  | 73 |  |  |  |  |
Deferred income taxes |  |  | (1,241 | ) |  |  | 1,241 |  |  |  | — |  |  |  | 43.4 | (u)
Unrealized foreign exchange gains (losses) |  |  | (1,141 | ) |  |  | — |  |  |  | (1,141 | ) |  |  | 43.4 | (u)
Deferred income for capital grants |  |  | (386 | ) |  |  | (603 | ) |  |  | (989 | ) |  |  | 43.4 | (u)
Tax expense |  |  | — |  |  |  | 2,886 |  |  |  | 2,886 |  |  |  | 43.4 | (u)
Total adjustment |  |  | 10,128 |  |  |  | 7,752 |  |  |  | 17,880 |  |  |  |  |
Changes in: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Inventories |  |  | (3,213 | ) |  |  | 1,826 |  |  |  | (1,387 | ) |  |  | 43.4 | (u)
Trade and other receivables |  |  | 10,386 |  |  |  | (4,663 | ) |  |  | 5,723 |  |  |  | 43.4 | (u)
Other assets |  |  | 407 |  |  |  | 1,077 |  |  |  | 1,484 |  |  |  | 43.4 | (u)
Trade and other payables |  |  | 10,643 |  |  |  | 1,211 |  |  |  | 11,854 |  |  |  |  |
Contract liabilities |  |  | — |  |  |  | 3,235 |  |  |  | 3,235 |  |  |  | 43.4 | (u)
Provisions |  |  | — |  |  |  | 3,732 |  |  |  | 3,732 |  |  |  | 43.4 | (u)
Liabilities for current income taxes |  |  | (377 | ) |  |  | 377 |  |  |  | — |  |  |  |  |
Salaries, wages and related liabilities |  |  | 4,578 |  |  |  | (4,578 | ) |  |  | — |  |  |  | 43.4 | (u)
Other liabilities net |  |  | 3,264 |  |  |  | (3,264 | ) |  |  | — |  |  |  | 43.4 | (u)
One-time termination benefit payments |  |  | (8,272 | ) |  |  | — |  |  |  | (8,272 | ) |  |  |  |
Employees’ leaving entitlement |  |  | (581 | ) |  |  | (25 | ) |  |  | (606 | ) |  |  |  |
Total changes |  |  | 16,835 |  |  |  | (1,072 | ) |  |  | 15,763 |  |  |  |  |
Cash provided by (used in) operating activities |  |  | (4,889 | ) |  |  | 7,687 |  |  |  | 2,798 |  |  |  |  |
Interest paid |  |  | — |  |  |  | (2,821 | ) |  |  | (2,821 | ) |  |  | 43.4 | (u)
Income taxes paid |  |  | — |  |  |  | (4,878 | ) |  |  | (4,878 | ) |  |  | 43.4 | (u)
Net cash used in operating activities |  |  | (4,889 | ) |  |  | (12 | ) |  |  | (4,901 | ) |  |  |  |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Property, plant and equipment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Additions |  |  | (6,708 | ) |  |  | — |  |  |  | (6,708 | ) |  |  |  |
Disposals |  |  | 760 |  |  |  | — |  |  |  | 760 |  |  |  |  |
Intangible assets |  |  | (845 | ) |  |  | — |  |  |  | (845 | ) |  |  |  |
Purchase of business, net of cash acquired |  |  | (3,558 | ) |  |  | — |  |  |  | (3,558 | ) |  |  |  |
Dividends distribution to Non-controlling interests |  |  | (1,349 | ) |  |  | 1,349 |  |  |  | — |  |  |  | 43.4 | (u)
Net cash used in investing activities |  |  | (11,700 | ) |  |  | 1,349 |  |  |  | (10,351 | ) |  |  |  |
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term borrowings: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Proceeds |  |  | 12,500 |  |  |  | — |  |  |  | 12,500 |  |  |  |  |
Repayments |  |  | (4,744 | ) |  |  | — |  |  |  | (4,744 | ) |  |  |  |
Short-term borrowings |  |  | 1,528 |  |  |  | 4,428 |  |  |  | 5,956 |  |  |  | 43.4 | (u)
Dividends distribution to Non-controlling interests |  |  | — |  |  |  | (1,349 | ) |  |  | (1,349 | ) |  |  | 43.4 | (u)
Net cash provided by financing activities |  |  | 9,284 |  |  |  | 3,079 |  |  |  | 12,363 |  |  |  |  |
Increase (decrease) in cash and cash equivalents |  |  | (7,305 | ) |  |  | 4,416 |  |  |  | (2,889 | ) |  |  |  |
Cash and cash equivalents as at January 1, 2017 (*) |  |  | 64,981 |  |  |  | (4,416 | ) |  |  | 60,565 |  |  |  | 43.4 | (u)
Effect of movements in excahnge rates on cash held |  |  | (2,641 | ) |  |  | — |  |  |  | (2,641 | ) |  |  |  |
Cash and cash equivalents as at December 31 (*) |  |  | 55,035 |  |  |  | — |  |  |  | 55,035 |  |  |  |  |
(*) | As at January 1, 2017 and December 31, 2017, cash and cash equivalents includes bank overdrafts of 4,416 and nil, respectively, that are repayble on demand and from an integral part of the Group’s cash management.
Summary of Impacts of IFRS Adjustments for Property, Plant and Equipment | The following tables show the impacts of the IFRS adjustments for property, plant and equipment:
|  | 01/01/2017 |  |  | 31/12/17 |
Balance as per Italian GAAP |  |  | 115,924 |  |  |  | 107,917 |
Deemed cost for certain buildings |  |  | — |  |  |  | — |
Functional currency adjustment |  |  | 6,180 |  |  |  | 7,602 |
Costs not eligible for capitalization |  |  | (399 | ) |  |  | (329 | )
Balance as per IFRS |  |  | 121,705 |  |  |  | 115,190 |
Summary of Impacts of IFRS Adjustments for Intangible Assets and Goodwill | The following tables show the effects of the IFRS adjustments for intangible assets and goodwill:
|  | Intangible assets |  |  | Goodwill |  |  | Total |
Balance as at January 1, 2017 as per Italian GAAP |  |  | 2,312 |  |  |  | 1,921 |  |  |  | 4,233 |
Write-off of depreciation of goodwill |  |  | — |  |  |  | — |  |  |  | — |
Costs not eligible for capitalization |  |  | (306 | ) |  |  | — |  |  |  | (306 | )
Balance as at January 1, 2017 as per IFRS |  |  | 2,006 |  |  |  | 1,921 |  |  |  | 3,927 |
Balance as at December 31, 2017 as per Italian GAAP |  |  | 1,991 |  |  |  | 3,523 |  |  |  | 5,514 |
Write-off of depreciation of goodwill |  |  | — |  |  |  | 323 |  |  |  | 323 |
Costs not eligible for capitalization |  |  | — |  |  |  | — |  |  |  | — |
Balance as at December 31, 2017 as per IFRS |  |  | 1,991 |  |  |  | 3,846 |  |  |  | 5,837 |
Summary of Impacts of IFRS Adjustments for Deferred Assets and Liabilities | The following tables show the impacts of the IFRS adjustments for deferred assets and liabilities.
January 1, 2017 |  | Italian GAAP (a) |  |  | IFRS adjustments (b) |  |  | IFRS (a+b) |
Deferred tax assets |  |  | 2,098 |  |  |  | 459 |  |  |  | 2,557 |
Deferred tax liabilities compensated |  |  | (998 | ) |  |  | (413 | ) |  |  | (1,411 | )
Net deferred tax assets |  |  | 1,100 |  |  |  | 46 |  |  |  | 1,146 |
Deferred tax liabilities |  |  | (1,763 | ) |  |  | — |  |  |  | (1,763 | )
December 31, 2017 |  | Italian GAAP (a) |  |  | IFRS adjustments (b) |  |  | IFRS (a+b) |
Deferred tax assets |  |  | 1,897 |  |  |  | 759 |  |  |  | 2,656 |
Deferred tax liabilities compensated |  |  | (1,271 | ) |  |  | (759 | ) |  |  | (2,030 | )
Net deferred tax assets |  |  | 626 |  |  |  | — |  |  |  | 626 |
Deferred tax liabilities |  |  | (48 | ) |  |  | (272 | ) |  |  | (320 | )
Income tax rate applied are disclosed in note 36. The IFRS adjustments that give rise to deferred tax assets and deferred tax liabilities as at January 1, 2017 and December 31, 2017 are presented below.
Deferred tax assets |  | 01/01/17 |  |  | 31/12/17 |
Deferred revenues and costs for Natuzzi Display System |  |  | 459 |  |  |  | 759 |
Net deferred tax assets (a) |  |  | 459 |  |  |  | 759 |
Deferred tax liabilities |  |  |  |  |  |  |  |
Write-off of amortization of goodwill |  |  | — |  |  |  | (33 | )
Deferred revenues and costs for Natuzzi Display System |  |  | (354 | ) |  |  | (585 | )
Deferred costs for slotting fees |  |  | (59 | ) |  |  | (404 | )
IAS 19 adjustment—employees’ leaving entitlement |  |  | — |  |  |  | (9 | )
Total deferred tax liabilities (b) |  |  | (413 | ) |  |  | (1,031 | )
Net deferred tax assets (liabilities) (a+b) |  |  | 46 |  |  |  | (272 | )
Summary of Impact of IFRS Adjustments for Unrecognised Deferred Tax Assets | Deferred tax assets on IFRS adjustments 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.
Unrecognised deferred tax assets |  | 01/01/17 |  |  | 31/12/17 |
Revenue of finished goods derecognised |  |  | 1,258 |  |  |  | 881 |
Government Grants |  |  | 476 |  |  |  | 403 |
IAS 19 adjustment - employees’ leaving entitlement |  |  | 392 |  |  |  | 357 |
Costs not eligible for capitalization included in property, plant and equipment |  |  | 115 |  |  |  | 95 |
Costs not eligible for capitalization included in intangible assets |  |  | 88 |  |  |  | — |
Deferred revenues and costs for Service Type Warranty |  |  | 81 |  |  |  | 129 |
Total unrecognised deferred tax assets |  |  | 2,410 |  |  |  | 1,865 |
Summary of Impacts of IFRS Adjustments for Inventories | The following tables show the impacts of the IFRS adjustments for inventories:
|  | 01/01/2017 |  |  | 31/12/17 |
Balance as per Italian GAAP |  |  | 78,384 |  |  |  | 80,273 |
Revenue of finished goods derecognised |  |  | 12,630 |  |  |  | 10,804 |
Balance as per IFRS |  |  | 91,014 |  |  |  | 91,077 |
Summary of Impacts of IFRS Adjustments for Trade Receivables | The following tables show the impacts of the IFRS adjustments for trade receivables:
|  | 01/01/2017 |  |  | 31/12/17 |
Balance as per Italian GAAP |  |  | 53,087 |  |  |  | 46,852 |
Recognition of trade receivables |  |  | 6,275 |  |  |  | 6,287 |
Revenue of finished goods derecognised |  |  | (19,224 | ) |  |  | (15,590 | )
Balance as per IFRS |  |  | 40,138 |  |  |  | 37,549 |
Summary of Impacts of IFRS Adjustments for Other Assets (Current and Non-current) | (f) Other assets (current and non-current)
|  | 01/01/2017 |  |  | 31/12/17 |
Balance as per Italian GAAP |  |  | 7,573 |  |  |  | 4,404 |
Delivery costs and commission expenses for sales derecognized |  |  | 2,230 |  |  |  | 1,730 |
Deferred costs for Natuzzi Display System |  |  | 1,229 |  |  |  | 2,031 |
Deferred costs for Service Type Warranty |  |  | 330 |  |  |  | 519 |
Deferred costs for slotting fees |  |  | 204 |  |  |  | 1,399 |
Balance as per IFRS |  |  | 11,566 |  |  |  | 10,083 |
Less non-current portion as per IFRS |  |  | (1,323 | ) |  |  | (2,851 | )
Current portion as per IFRS |  |  | 10,243 |  |  |  | 7,232 |
Summary of Impacts of IFRS Adjustments for Employee's Leaving Entitlement | The following tables show the effects of the IFRS adjustments for the employee’s leaving entitlement:
|  | 01/01/2017 |  |  | 31/12/17 |
Balance as per Italian GAAP |  |  | 17,791 |  |  |  | 17,210 |
IAS 19 adjustment - employees’ leaving entitlement |  |  | 1,635 |  |  |  | 1,610 |
Balance as per IFRS |  |  | 19,426 |  |  |  | 18,820 |
Summary of Impacts of IFRS Adjustments for Deferred Income for Capital Grants | The following tables show the effects of the IFRS adjustments for deferred income for capital grants:
|  | 01/01/2017 |  |  | 31/12/17 |
Balance as per Italian GAAP |  |  | 7,195 |  |  |  | 6,809 |
Government Grants |  |  | 7,565 |  |  |  | 6,962 |
Balance as per IFRS |  |  | 14,760 |  |  |  | 13,771 |
Summary of Impacts of IFRS Adjustments for Contract Liabilities (Current and Non-current) | The following tables show the effects of the IFRS adjustments for contract liabilities:
|  | 01/01/2017 |  |  | 31/12/17 |
Balance as per Italian GAAP |  |  | 10,096 |  |  |  | 11,937 |
Deferred revenue for Natuzzi Display System |  |  | 1,594 |  |  |  | 2,636 |
Deferred revenue for Service Type Warranty |  |  | 609 |  |  |  | 960 |
Balance as per IFRS |  |  | 12,299 |  |  |  | 15,533 |
Less non-current portion as per IFRS |  |  | (1,652 | ) |  |  | (2,560 | )
Current portion as per IFRS |  |  | 10,647 |  |  |  | 12,973 |
Summary of Impacts of IFRS Adjustments on Revenue | The effects of the IFRS adjustments on revenue are indicated below:
Balance for the year ended December 31, 2017 as per Italian GAAP |  |  | 445,444 |
Effects of revenue of finished goods derecognised |  |  | 3,634 |
Effects of deferred costs for slotting fees |  |  | 1,195 |
Effects of deferred revenue for Natuzzi Display System |  |  | (1,042 | )
Effects of deferred revenue for Service Type Warranty |  |  | (351 | )
Balance for the year ended December 31, 2017 as per IFRS |  |  | 448,880 |
Summary of Effects of IFRS Adjustments on Cost of Sales | The effects of the IFRS adjustments on cost of sales are illustrated below:
Balance for the year ended December 31, 2017 as per Italian GAAP |  |  | (318,472 | )
Effects on inventories for revenue derecognised |  |  | (1,826 | )
Effects of deferred costs for Natuzzi Display System |  |  | 802 |
Effects of deferred costs for Service Type Warranty |  |  | 189 |
Amortization charge of capital grants |  |  | 603 |
IAS 19 adjustment - employees’ leaving entitlement |  |  | 303 |
Balance for the year ended December 31, 2017 as per IFRS |  |  | (318,401 | )
Summary of Effects of IFRS Adjustments on Selling Expenses | The effects of the IFRS adjustments on the selling expenses are indicated below:
Balance for the year ended December 31, 2017 as per Italian GAAP |  |  | (120,005 | )
Derecognition of shipping and handling costs |  |  | (500 | )
Elimination of amortization of goodwill |  |  | 323 |
Elimination of amortization of advertising costs |  |  | 306 |
Elimination of amortization of advisory costs |  |  | 70 |
IAS 19 adjustment - employees’ leaving entitlement |  |  | 77 |
Balance for the year ended December 31, 2017 as per IFRS |  |  | (119,729 | )
Summary of Effects of IFRS Adjustments on Finance Costs | The effects of the IFRS adjustments on finance costs are indicated below:
Balance for the year ended December 31, 2017 as per Italian GAAP |  |  | (6,042 | )
IAS 19 adjustment - employees’ leaving entitlement |  |  | (247 | )
Balance for the year ended December 31, 2017 as per IFRS |  |  | (6,289 | )
Summary of Effects of IFRS Adjustments on Net Exchange Rate Gains (Losses) | The effects of the IFRS adjustments on net exchange rate gains (losses) are indicated below:
Balance for the year ended December 31, 2017 as per Italian GAAP |  |  | 3,252 |
Functional currency adjustment |  |  | (2,219 | )
Balance for the year ended December 31, 2017 as per IFRS |  |  | 1,033 |
Summary of Effects of IFRS Adjustments on Income Tax Expense | Further, total income taxes for the year ended December 31, 2017 are allocated as follows:
|  | Italian GAAP (a) |  |  | IFRS adjustments (b) |  |  | IFRS (a+b) |
Current: |  |  |  |  |  |  |  |  |  |  |  |
- Domestic |  |  | (40 | ) |  |  | — |  |  |  | (40 | )
- Foreign |  |  | (3,777 | ) |  |  | — |  |  |  | (3,777 | )
Total (a) |  |  | (3,817 | ) |  |  | — |  |  |  | (3,817 | )
|  | Italian GAAP (a) |  |  | IFRS adjustments (b) |  |  | IFRS (a+b) |
Deferred: |  |  |  |  |  |  |  |  |  |  |  |
- Domestic |  |  | — |  |  |  | (310 | ) |  |  | (310 | )
- Foreign |  |  | 1,241 |  |  |  | — |  |  |  | 1,241 |
Total (b) |  |  | 1,241 |  |  |  | (310 | ) |  |  | 931 |
Total (a+b) |  |  | (2,576 | ) |  |  | (310 | ) |  |  | (2,886 | )
Summary of Impact of IFRS Adjustments on Exchange Rate Differences on Translation of Foreign Operations | The impact of the IFRS adjustments on the exchange rate differences on translation of the foreign operations is as follows:
Balance for the year ended December 31, 2017 as per Italian GAAP |  |  | (11,419 | )
Functional currency adjustment |  |  | 3,641 |
Balance for the year ended December 31, 2017 as per IFRS |  |  | (7,778 | )

X
- Definition Disclosure of effects of IFRS adjustments on cost of sales. + References No definition available. + Details
Name: | ntz_DisclosureOfEffectsOfIfrsAdjustmentsOnCostOfSalesExplanatory
Namespace Prefix: | ntz_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of effects of IFRS adjustments on finance costs. + References No definition available. + Details
Name: | ntz_DisclosureOfEffectsOfIfrsAdjustmentsOnFinanceCostsExplanatory
Namespace Prefix: | ntz_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of effects of IFRS adjustments on income tax expense. + References No definition available. + Details
Name: | ntz_DisclosureOfEffectsOfIfrsAdjustmentsOnIncomeTaxExpenseExplanatory
Namespace Prefix: | ntz_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of effects of IFRS adjustments on net exchange rate gains (losses). + References No definition available. + Details
Name: | ntz_DisclosureOfEffectsOfIfrsAdjustmentsOnNetExchangeRateGainsLossesExplanatory
Namespace Prefix: | ntz_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of effects of IFRS adjustments on Selling expenses. + References No definition available. + Details
Name: | ntz_DisclosureOfEffectsOfIfrsAdjustmentsOnSellingExpensesExplanatory
Namespace Prefix: | ntz_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of Impact of IFRS Adjustments on Exchange Rate Differences on Translation of Foreign Operations [text block] + References No definition available. + Details
Name: | ntz_DisclosureOfImpactOfIFRSAdjustmentsOnExchangeRateDifferencesOnTranslationOfForeignOperationsExplanatory
Namespace Prefix: | ntz_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Disclosure of impacts of IFRS adjustments for Contract Liabilities (Current and Non-current) [text block] + References No definition available. + Details
Name: | ntz_DisclosureOfImpactsOfIfrsAdjustmentsForContractLiabilitiesCurrentAndNoncurrentExplanatory
Namespace Prefix: | ntz_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of impacts of IFRS adjustments for deferred assets and liabilities. + References No definition available. + Details
Name: | ntz_DisclosureOfImpactsOfIfrsAdjustmentsForDeferredAssetsAndLiabilitiesExplanatory
Namespace Prefix: | ntz_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of impacts of IFRS adjustments for Deferred income for capital grants [text block] + References No definition available. + Details
Name: | ntz_DisclosureOfImpactsOfIfrsAdjustmentsForDeferredIncomeForCapitalGrantsExplanatory
Namespace Prefix: | ntz_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of impacts of IFRS adjustments for Employee's leaving entitlement [text block] + References No definition available. + Details
Name: | ntz_DisclosureOfImpactsOfIfrsAdjustmentsForEmployeeLeavingEntitlementExplanatory
Namespace Prefix: | ntz_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of impacts of IFRS adjustments for intangible assets and goodwill. + References No definition available. + Details
Name: | ntz_DisclosureOfImpactsOfIfrsAdjustmentsForIntangibleAssetsAndGoodwillExplanatory
Namespace Prefix: | ntz_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of impacts of IFRS adjustments for inventories. + References No definition available. + Details
Name: | ntz_DisclosureOfImpactsOfIfrsAdjustmentsForInventoriesExplanatory
Namespace Prefix: | ntz_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of impacts of IFRS adjustments for other assets. + References No definition available. + Details
Name: | ntz_DisclosureOfImpactsOfIfrsAdjustmentsForOtherAssetsExplanatory
Namespace Prefix: | ntz_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of impacts of IFRS adjustments for property, plant and equipment. + References No definition available. + Details
Name: | ntz_DisclosureOfImpactsOfIfrsAdjustmentsForPropertyPlantAndEquipmentExplanatory
Namespace Prefix: | ntz_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of impacts of IFRS adjustments for Trade receivables [text block] + References No definition available. + Details
Name: | ntz_DisclosureOfImpactsOfIfrsAdjustmentsForTradeReceivablesExplanatory
Namespace Prefix: | ntz_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of impacts of Ifrs adjustments on revenue [text block] + References No definition available. + Details
Name: | ntz_DisclosureOfImpactsOfIfrsAdjustmentsOnRevenueExplanatory
Namespace Prefix: | ntz_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of reconciliation of consolidated statements of financial position. + References No definition available. + Details
Name: | ntz_DisclosureOfReconciliationOfConsolidatedStatementsOfFinancialPositionExplanatory
Namespace Prefix: | ntz_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Disclosure of reconciliation of consolidated statements of other comprehensive income. + References No definition available. + Details
Name: | ntz_DisclosureOfReconciliationOfConsolidatedStatementsOfOtherComprehensiveIncomeExplanatoy
Namespace Prefix: | ntz_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of Reconciliation of equity, loss and other comprehensive loss between Italian GAAP and IFRS. + References No definition available. + Details
Name: | ntz_DisclosureOfReconciliationOfEquityLossAndOtherComprehensiveLossBetweenItalianGaapAndIfrsExplanatory
Namespace Prefix: | ntz_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of reconciliation of ITA GAAP and IFRS consolidated statement of cash flows. + References No definition available. + Details
Name: | ntz_DisclosureOfReconciliationOfItaGaapAndIfrsConsolidatedStatementOfCashFlowsExplanatoy
Namespace Prefix: | ntz_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of reconciliation of shareholders equity and economic result. + References No definition available. + Details
Name: | ntz_DisclosureOfReconciliationOfShareholdersEquityAndEconomicResultExplanatory
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