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Right-of-use-assets (Tables)
 12 Months Ended
Dec. 31, 2022
Disclosure of quantitative information about right-of-use assets [abstract]  
Summary of Changes in Carrying Amount of Right-of-use Assets

Changes in the carrying amount of right-of-use assets for the years ended December 31, 2022 and 2021, are reported in the following tables.

 

 

 

Buildings

 

 

Vehicles

 

 

Total

 

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

 

Additions

 

 

6,541

 

 

 

—

 

 

 

6,541

 

Disposals

 

 

(5,371

)

 

 

—

 

 

 

(5,371

)

Adjustments due to remeasurements

 

 

(227

)

 

 

—

 

 

 

(227

)

Adjustments due to modifications

 

 

(167

)

 

 

—

 

 

 

(167

)

Effect of translation adjustments

 

 

1,037

 

 

 

11

 

 

 

1,048

 

Cost as at December 31, 2022

 

 

83,597

 

 

 

1,046

 

 

 

84,643

 

 

 

 

 

 

 

 

 

 

 

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

)

Depreciation

 

 

(11,699

)

 

 

(135

)

 

 

(11,834

)

Disposals

 

 

3,060

 

 

 

—

 

 

 

3,060

 

Impairment loss

 

 

(848

)

 

 

—

 

 

 

(848

)

Adjustments due to remeasurements

 

 

(51

)

 

 

—

 

 

 

(51

)

Adjustments due to modifications

 

 

—

 

 

 

—

 

 

 

—

 

Effect of translation adjustments

 

 

(72

)

 

 

(9

)

 

 

(81

)

Accumulated depreciation and impairment loss as at Dec. 31, 2022

 

 

(40,811

)

 

 

(1,007

)

 

 

(41,818

)

 

 

 

 

 

 

 

 

 

 

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

 

Net book value as at December 31, 2022

 

 

42,786

 

 

 

39

 

 

 

42,825

 
Summary of Breakdown of Right-of-use Assets Based on Geographical Location

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.

 

 

 

31/12/22

 

 

31/12/21

 

United States of America

 

 

18,938

 

 

 

15,853

 

Italy

 

 

9,249

 

 

 

11,977

 

Spain

 

 

3,473

 

 

 

4,809

 

United Kingdom

 

 

4,985

 

 

 

7,625

 

China

 

 

2,493

 

 

 

4,076

 

Others

 

 

3,687

 

 

 

6,415

 

Total

 

 

42,825

 

 

 

50,755

 
Summary of amounts recognized in statement of net income loss

The following tables show the amounts recognized in profit or loss under IFRS 16 for the years ended December 31, 2022, 2021 and 2020.

 

 

 

2022

 

 

2021

 

 

2020

 

Depreciation charge of right-of-use assets

 

 

11,834

 

 

 

11,706

 

 

 

13,376

 

Interest on lease liabilities

 

 

2,877

 

 

 

2,584

 

 

 

2,613

 

Expenses relating to short-term leases

 

 

1,465

 

 

 

1,187

 

 

 

719

 

Expenses relating to leases of low-value assets, excluding short-term leases

 

 

125

 

 

 

169

 

 

 

122

 

Covid-19 rent concessions

 

 

(635

)

 

 

(1,515

)

 

 

(1,799

)

Total

 

 

15,666

 

 

 

14,131

 

 

 

15,031