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Revenue (Tables)

12 Months Ended

Dec. 31, 2019

Disaggregation of Revenue from Contracts with Customers

(ii) Disaggregation of revenue from contracts with customers

In the following tables, revenue from contracts with customers are disaggregated by types of goods, primary geographical markets, geographical location of customers, distribution channels, brands and timing of revenue recognition.


Types of goods	2019		2018		2017
Sale of upholstery furniture		329,162		365,346		389,528
Sale of home furnishing accessories		39,623		41,733		33,560
Sale of polyurethane foam		9,665		14,958		15,501
Sale of other goods		8,512		6,502		10,291

Total		386,962		428,539		448,880

The sale of upholstery furniture includes the following categories: stationary furniture (sofas, loveseats and armchairs), sectional furniture, motion furniture, sofa beds and occasional chairs, including recliners and massage chairs.


Geographical markets	2019		2018		2017
Europe, Middle East and Africa		183,794		212,481		218,896
Americas		137,665		137,452		153,647
Asia-Pacific		65,503		78,606		76,337

Total		386,962		428,539		448,880


Geographical location of customers	2019		2018		2017
United States of America		97,723		94,393		107,262
Italy		48,557		53,261		55,379
United Kingdom		39,416		43,501		48,266
China		39,258		47,099		41,369
Canada		18,355		17,371		20,030
Spain		14,846		17,334		17,077
Brazil		12,120		16,332		16,182
Australia		8,668		9,903		9,738
France		8,493		11,179		9,999
Belgium		7,809		8,682		8,214
Germany		7,234		11,455		12,462
Korea		5,626		8,232		9,847
Other countries (none greater than 5%)		78,857		89,797		93,055

Total		386,962		428,539		448,880


Distribution channels	2019		2018		2017
Wholesale (distributors and retailers)		320,263		365,499		392,332
Directly operated stores (end c onsu mers)		66,699		63,040		56,548

Total		386,962		428,539		448,880


Brands	2019		2018		2017
Natuzzi Editions		160,136		167,925		183,838
Natuzzi Italia		135,500		144,953		134,740
Private label		73,149		94,201		104,509
Other		18,177		21,460		25,793

Total		386,962		428,539		448,880


Timing of revenue recognition	2019		2018		2017
Goods transferred at a point in time		385,510		427,493		448,206
Goods and services transferred over time		1,452		1,046		674

Subtotal		386,962		428,539		448,880

Summary of Information about Receivables and Contract Liabilities from Contracts with Customers

The following table provides information about receivables and contract liabilities from contracts with customers.


	31/12/19		31/12/18		31/12/17
Trade receivables		29,187		40,967		37,549
Contract liabilities		23,103		22,099		15,533

Summary of Transaction Price Allocated to Remaining Performance Obligations

The transaction price allocated to the remaining performance obligations (partially unsatisfied) as at December 31, 2019, 2018 and 2017 is as follows:


	31/12/19		31/12/18		31/12/17
Sale of Natuzzi Display System
Within a year		1,416		1,138		758
More than a year		1,953		2,261		1,878

Total		3,369		3,399		2,636


Sale of Service-Type Warranties
Within a year		394		332		278
More than a year		411		565		682

Total		805		897		960


Sale of the licence-for Natuzzi trademarks
Within a year		383		383		—
More than a year		6,725		7,108		—

Total		7,108		7,491		—