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

 
Summary of Weighted Average Interest Rates on Bank Overdrafts and Short-Term Borrowings

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

%