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Right-of-use-assets | 12 Months Ended
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Dec. 31, 2021
Disclosure Of Quantitative Information About Rightofuse Assets [Abstract] |
Right-of-use-assets | 9 Right-of-use-assets Changes in the carrying amount of right-of-use assets for the years ended December 31, 2021 and 2020, are reported in the following tables.
|  | Buildings |  |  | Vehicles |  |  | Total |
Cost as at December 31, 2019 |  |  | 66,867 |  |  |  | 1,037 |  |  |  | 67,904 |
Additions |  |  | 10,083 |  |  |  | — |  |  |  | 10,083 |
Disposals |  |  | (6,910 | ) |  |  | — |  |  |  | (6,910 | )
Adjustments due to remeasurements |  |  | 693 |  |  |  | — |  |  |  | 693 |
Adjustments due to modifications |  |  | (327 | ) |  |  | — |  |  |  | (327 | )
Effect of translation adjustments |  |  | (2,696 | ) |  |  | (14 | ) |  |  | (2,710 | )
Cost as at December 31, 2020 |  |  | 67,710 |  |  |  | 1,023 |  |  |  | 68,733 |
Additions |  |  | 3,194 |  |  |  | — |  |  |  | 3,194 |
Disposals |  |  | (1,267 | ) |  |  | — |  |  |  | (1,267 | )
Adjustments due to remeasurements |  |  | 9,084 |  |  |  | — |  |  |  | 9,084 |
Adjustments due to modifications |  |  | 42 |  |  |  | (1 | ) |  |  | 41 |
Effect of translation adjustments |  |  | 3,021 |  |  |  | 13 |  |  |  | 3,034 |
Cost as at December 31, 2021 |  |  | 81,784 |  |  |  | 1,035 |  |  |  | 82,819 |
Accumulated depreciation and impairment loss as at Dec. 31, 2019 |  |  | (12,884 | ) |  |  | (302 | ) |  |  | (13,186 | )
Depreciation |  |  | (13,066 | ) |  |  | (310 | ) |  |  | (13,376 | )
Disposals |  |  | 6,639 |  |  |  | — |  |  |  | 6,639 |
Impairment loss |  |  | (584 | ) |  |  | — |  |  |  | (584 | )
Adjustments due to remeasurements |  |  | 157 |  |  |  | — |  |  |  | 157 |
Adjustments due to modifications |  |  | — |  |  |  | — |  |  |  | — |
Effect of translation adjustments |  |  | 621 |  |  |  | 9 |  |  |  | 630 |
Accumulated depreciation and impairment loss as at Dec. 31, 2020 |  |  | (19,117 | ) |  |  | (603 | ) |  |  | (19,720 | )
Depreciation |  |  | (11,457 | ) |  |  | (249 | ) |  |  | (11,706 | )
Disposals |  |  | 1,209 |  |  |  | — |  |  |  | 1,209 |
Impairment loss |  |  | (1,188 | ) |  |  | — |  |  |  | (1,188 | )
Adjustments due to remeasurements |  |  | — |  |  |  | — |  |  |  | — |
Adjustments due to modifications |  |  | — |  |  |  | — |  |  |  | — |
Effect of translation adjustments |  |  | (648 | ) |  |  | (11 | ) |  |  | (659 | )
Accumulated depreciation and impairment loss as at Dec. 31, 2021 |  |  | (31,201 | ) |  |  | (863 | ) |  |  | (32,064 | )
Net book value as at December 31, 2019 |  |  | 53,983 |  |  |  | 735 |  |  |  | 54,718 |
Net book value as at December 31, 2020 |  |  | 48,593 |  |  |  | 420 |  |  |  | 49,013 |
Net book value as at December 31, 2021 |  |  | 50,583 |  |  |  | 172 |  |  |  | 50,755 |
The Group leases buildings for its retail stores, warehouses and factory facilities. These leases typically run for a period of five to ten years. Some leases include an option to renew the lease for an additional period of the same duration after the end of the contract term. Some of such leases provide for additional rent payments that are based on changes in local price indices. For certain of these leases, the Group is restricted from entering into any sub-lease arrangements. A significant portion of retail stores, warehouse and factory facilities leases were entered into several years ago. The Group leases vehicles under a number of leases. The contract lease term of such leases run for a period of two to four years. The Group leases also IT and office equipment with contract terms of one to three years. These leases are short-term and/or leases of low-value items. The Group has elected not to recognise right-of-use assets and lease liabilities for these leases. The following tables show a breakdown of right-of-use assets based on geographical location of the cash generating units (mainly directly operated retail stores) in which they are included.
|  | 31/12/21 |  |  | 31/12/20 |
United States of America |  |  | 15,853 |  |  |  | 14,643 |
Italy |  |  | 11,977 |  |  |  | 9,671 |
Spain |  |  | 4,809 |  |  |  | 5,382 |
United Kingdom |  |  | 7,625 |  |  |  | 9,274 |
China |  |  | 4,076 |  |  |  | 5,484 |
Others |  |  | 6,415 |  |  |  | 4,559 |
Total |  |  | 50,755 |  |  |  | 49,013 |
As at December 31, 2021, the Group performed the impairment assessment of property, plant and equipment and right-of-use assets included in several cash generating units (CGUs), such as the Italian upholstered furniture plant CGU and certain directly operated retail stores CGUs that presented indicators of impairment. For additional information on the impairment assessment, reference should be made to note 8. As result of the 2021, 2020 and 2019 impairment assessment performed by the Group, impairment losses of 1,188, 584 and nil have emerged for right-of-use assets, respectively. Other information about leases for which the Group is a lessee is presented below. The following tables show the amounts recognized in profit or loss under IFRS 16 for the years ended December 31, 2021, 2020 and 2019.
|  | 2021 |  |  | 2020 |  |  | 2019 |
Depreciation charge of right-of-use assets |  |  | 11,706 |  |  |  | 13,376 |  |  |  | 13,227 |
Interest on lease liabilities |  |  | 2,584 |  |  |  | 2,613 |  |  |  | 2,635 |
Expenses relating to short-term leases |  |  | 1,187 |  |  |  | 719 |  |  |  | 1,090 |
Expenses relating to leases of low-value assets, excluding short-term leases |  |  | 169 |  |  |  | 122 |  |  |  | 132 |
Covid-19 rent concessions |  |  | (1,515 | ) |  |  | (1,799 | ) |  |  | — |
Total |  |  | 14,131 |  |  |  | 15,031 |  |  |  | 17,084 |
Lease payments recognised in statement of cash flows for the years ended December 31, 2021, 2020 and 2019 amount to 12,693, 12,496 and 14,251, respectively, and include interests paid for 2,603, 2,589 and 2,291, respectively (see note 20).

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- Definition The entire disclosure for leases. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 16 -IssueDate 2021-01-01 -Section Presentation -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=16&code=ifrs-tx-2021-en-r&doctype=Standard&dita_xref=IFRS16_g47-50_TI -URIDate 2021-03-24 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 16 -IssueDate 2021-01-01 -Section Disclosure -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=16&code=ifrs-tx-2021-en-r&doctype=Standard&dita_xref=IFRS16_g51-60_TI -URIDate 2021-03-24 + Details
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