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Bank overdrafts and short-term borrowings
 12 Months Ended
Dec. 31, 2022
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, 2022 and 2021 are analysed as follows:

 

 

 

31/12/22

 

 

31/12/21

 

Bank overdrafts

 

 

1,754

 

 

 

1,223

 

Borrowings related to a recourse factoring agreement

 

 

17,307

 

 

 

26,341

 

Borrowings secured with trade receivables not part of factoring agreement

 

 

9,703

 

 

 

8,327

 

Borrowings unsecured

 

 

490

 

 

 

256

 

Total

 

 

29,254

 

 

 

36,147

 

 

The weighted average interest rates on the bank overdrafts and short-term borrowings for the years ended December 31, 2022 and 2021 are as follows:

 

 

 

2022

 

 

2021

Bank overdrafts

 

 

5.12

%

 

5.53%

Borrowings

 

 

3.30

%

 

3.92%

 

As at December 31, 2022, the unused portion of credit facilities available to the Group, for which no commitment fees are due, amount to 24,307 (14,947 as at December 31, 2021). Such unused portion is related to a recourse factoring agreement for export-related trade receivables (21,330), borrowings to be secured with trade receivables (728) and bank overdrafts (2,249).