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v3.20.1

Related parties | 12 Months Ended
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Dec. 31, 2019
Text block [abstract] |
Related parties |
43 | Related parties
Related parties of the Group include mainly associates and joint ventures of the Group and the Group’s key management personnel. The following tables provide the total amount of transactions that have been entered into with related parties for the relevant financial year. (i) Compensation of key management personnel of the Group The compensation of key management personnel of the Group is analysed as follows:
|  | 2019 |  |  | 2018 |  |  | 2017 |
Directors’ fee |  |  | 400 |  |  |  | 387 |  |  |  | 270 |
Short-term employee benefits |  |  | 1,704 |  |  |  | 1,875 |  |  |  | 1,853 |
Social security contributions and defined contribution plans |  |  | 563 |  |  |  | 500 |  |  |  | 500 |
Employee Benefit Obligations |  |  | 118 |  |  |  | 110 |  |  |  | 133 |
Total |  |  | 2,785 |  |  |  | 2,872 |  |  |  | 2,756 |
The amounts disclosed in the table are the amounts recognised as an expense during the reporting period related to key management personnel. No loans and/or guarantees have been provided for or agreed to with key management personnel. (ii) Transactions with associates, joint ventures and other related parties The following tables provide the total amount of transactions that have been entered into with such related parties for the relevant financial year. Such transactions have been conducted at arm’s length. December 31, 2019
|  | Sales |  |  | Expenses |  |  | Amounts owed by related parties |  |  | Amounts due to related parties |
Natuzzi Trading Shanghai Co, Ltd. |  |  | 36,442 |  |  |  | 124 |  |  |  | 3,619 |  |  |  | 124 |
Nars Miami LLCC |  |  | 646 |  |  |  | — |  |  |  | 169 |  |  |  | — |
Natuzzi Design S.a.s. |  |  | 1,686 |  |  |  | — |  |  |  | 1,013 |  |  |  | — |
Natuzzi Arredamenti S.r.l. |  |  | 842 |  |  |  | — |  |  |  | 367 |  |  |  | — |
Natuzzi Sofa S.r.l. |  |  | 249 |  |  |  | — |  |  |  | 67 |  |  |  | — |
Total |  |  | 39,865 |  |  |  | 124 |  |  |  | 5,235 |  |  |  | 124 |
December 31, 2018
|  | Sales |  |  | Expenses |  |  | Amounts owed by related parties |  |  | Amounts due to related parties |
Natuzzi Trading Shanghai Co, Ltd. |  |  | 12,589 |  |  |  | 1,001 |  |  |  | 7,383 |  |  |  | 1,001 |
Nars Miami LLCC |  |  | 776 |  |  |  | — |  |  |  | 191 |  |  |  | — |
Natuzzi Design S.a.s. |  |  | 1,750 |  |  |  | — |  |  |  | 1,338 |  |  |  | — |
Natuzzi Arredamenti S.r.l. |  |  | 1,010 |  |  |  | — |  |  |  | 343 |  |  |  | — |
Natuzzi Sofa S.r.l. |  |  | 291 |  |  |  | — |  |  |  | 78 |  |  |  | — |
NA.FO. S.r.l. |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3 |
Total |  |  | 16,416 |  |  |  | 1,001 |  |  |  | 9,333 |  |  |  | 1,004 |
December 31, 2017
|  | Sales |  |  | Expenses |  |  | Amounts owed by related parties |  |  | Amounts due to related parties |
Nars Miami LLCC |  |  | 742 |  |  |  | — |  |  |  | 70 |  |  |  | — |
Natuzzi Design S.a.s. |  |  | 1,591 |  |  |  | — |  |  |  | 930 |  |  |  | — |
Natuzzi Arredamenti S.r.l. |  |  | 946 |  |  |  | — |  |  |  | 329 |  |  |  | — |
Natuzzi Sofa S.r.l. |  |  | 310 |  |  |  | — |  |  |  | 78 |  |  |  | — |
NA.FO. S.r.l. |  |  | 4 |  |  |  | — |  |  |  | — |  |  |  | 8 |
Total |  |  | 3,593 |  |  |  | — |  |  |  | 1,407 |  |  |  | 8 |

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- Definition Disclosure of related parties and significant non-recurring events and transactions. + References No definition available. + Details
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