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Bank overdrafts and short-term borrowings
 12 Months Ended
Dec. 31, 2021
Bank Overdrafts And Short Term Borrowings [Abstract]  
Bank overdrafts and short-term borrowings

25 Bank overdrafts and short-term borrowings

Bank overdrafts and short-term borrowings as at December 31, 2021 and 2020 are analysed as follows:

 

 

 

31/12/21

 

 

31/12/20

 

Bank overdrafts

 

 

1,223

 

 

 

2,111

 

Borrowings related to a recourse factoring agreement

 

 

26,341

 

 

 

22,246

 

Borrowings secured with trade receivables not part of factoring agreement

 

 

8,327

 

 

 

5,629

 

Borrowings unsecured

 

 

256

 

 

 

826

 

Total

 

 

36,147

 

 

 

30,812

 

 

The weighted average interest rates on the bank overdrafts and short-term borrowings for the years ended December 31, 2021 and 2020 are as follows:

 

 

 

2021

 

2020

Bank overdrafts

 

5.53%

 

5.50%

Borrowings

 

3.92%

 

3.90%

 

As at December 31, 2021, the unused portion of credit facilities available to the Group, for which no commitment fees are due, amount to 14,947 (23,916 as at December 31, 2020). Such unused portion is related to a recourse factoring agreement for export-related trade receivables (10,222), borrowings to be secured with trade receivables (1,980) and bank overdrafts (2,745).