Major Components Of Tax Expense Income [Abstract]

Total income taxes for the years ended December 31, 2021, 2020 and 2019 are allocated as follows:


	2021			2020			2019
Current:
- Domestic		(2,116	)		(2,221	)		(585	)
- Foreign		(3,170	)		(1,545	)		(1,400	)
Total (a)		(5,286	)		(3,766	)		(1,985	)
Deferred:
- Domestic		—			430			(387	)
- Foreign		897			(1,005	)		37
Total (b)		897			(575	)		(350	)
Total (a + b)		(4,389	)		(4,341	)		(2,335	)

Reconciliation of Income Tax Expense

The effective income taxes differ from the expected income tax expense (computed by applying the IRES state tax, which is 24% for 2021, 2020 and 2019, to profit before income taxes and non-controlling interests) as follows:


	2021			2020			2019
Expected tax benefit (expense) at statutory tax rates		(2,106	)		4,936			7,523
Effect of:
- Tax exempt income		2,320			4,806			3,297
- Aggregate effect of different tax rates in foreign jurisdictions		191			322			(139	)
- Italian regional tax		(78	)		(24	)		(78	)
- Non-deductible expenses		(5,152	)		(5,575	)		(4,521	)
- Tax effect on unremitted earnings		(515	)		(1,024	)		(430	)
- Non taxable gain from disposal of a subsidiary		1,057			—			—
- Chinese withholding tax on income not recoverable		(699	)		(1,396	)		(139	)
- Effect of net change in deferred tax assets unrecognised		593			(6,386	)		(7,848	)
Actual tax charge		(4,389	)		(4,341	)		(2,335	)

Summary of Movements in deferred Tax Balances

Movements in deferred tax balances occurred during 2019, 2020 and 2021 are analysed as follows:


	Def. tax assets			Def. tax liabilities			Total
Balance as at December 31, 2018		2,027			(1,594	)		433
Recognised in profit or loss		(53	)		(297	)		(350	)
Recognised in OCI		—			—			—
Recognised directly in equity		—			—			—
Balance as at December 31, 2019		1,974			(1,891	)		83
Recognised in profit or loss		49			(624	)		(575	)
Recognised in OCI		—			—			—
Recognised directly in equity		—			—			—
Balance as at December 31, 2020		2,023			(2,515	)		(492	)
Recognised in profit or loss		(728	)		1,110			382
Recognised in OCI		—			—			—
Recognised directly in equity		—			—			—
Balance as at December 31, 2021		1,295			(1,405	)		(110	)

Summary of Unrecognised Deferred Tax Assets

As at December 31, 2021 and 2020 deferred tax assets have not been recognised in respect of the following items, because it is not probable that future taxable profit will be available against which the Group can use the benefits therefrom.


Unrecognised deferred tax assets	31/12/21				31/12/20
	Gross Amount		Tax effect		Gross Amount		Tax effect
Tax loss carry-forwards		368,779		88,328		396,763		97,107
Provision for contingent liabilities		12,231		2,888		14,311		3,695
Inventory obsolescence		11,985		2,560		9,952		2,480
Allowance for doubtful accounts		6,810		1,540		11,006		2,547
Intercompany profit on inventories		5,676		1,614		5,958		439
Provision for warranties		3,117		898		3,646		1,051
Impairment of non-financial assets		3,989		1,018		3,318		967
Goodwill and intangible assets		692		48		680		196
IAS 19 adjustment - employees’ leaving entitlement		1,807		434		1,806		433
Deferred costs		45		9		2,866		822
Other temporary differences		8,997		1,398		7,744		992
Total unrecognised deferred tax assets		424,128		100,735		458,050		110,729