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Bank overdrafts and short-term borrowings
 12 Months Ended
Dec. 31, 2020
Bank Overdrafts And Short Term Borrowings [Abstract]  
Bank overdrafts and short-term borrowings

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Bank overdrafts and short-term borrowings

Bank overdrafts and short-term borrowings as at December 31, 2020 and 2019 are analysed as follows:

 

 

 

31/12/20

 

 

31/12/19

 

Bank overdrafts

 

 

2,111

 

 

 

1,974

 

Borrowings related to a recourse factoring agreement

 

 

22,246

 

 

 

—

 

Borrowings secured with trade receivables not part of factoring agreement

 

 

5,629

 

 

 

21,029

 

Borrowings unsecured

 

 

826

 

 

 

1,167

 

Total

 

 

30,812

 

 

 

24,170

 

 

The weighted average interest rates on the bank overdrafts and short-term borrowings for the years ended December 31, 2020 and 2019 are as follows:

 

 

 

2020

 

2019

 

Bank overdrafts

 

5.50%

 

 

4.13

%

Borrowings

 

3.90%

 

 

2.55

%

 

As at December 31, 2020, the unused portion of credit facilities available to the Group, for which no commitment fees are due, amount to 23,916 (24,251 as at December 31, 2019). Such unused portion is related to a recourse factoring agreement for export-related trade receivables (15,145), borrowings to be secured with trade receivables (6,778) and bank overdrafts (1,993).