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Bank overdrafts and short-term borrowings (Tables) | 12 Months Ended
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Dec. 31, 2023
Bank Overdrafts And Short Term Borrowings [Abstract] |
Schedule of Bank Overdrafts and Short-term Borrowings | Bank overdrafts and short-term borrowings as at December 31, 2023 and 2022 are analysed as follows:
|  | 31/12/23 |  |  | 31/12/22 |
Bank overdrafts |  |  | 2,037 |  |  |  | 1,754 |
Borrowings related to a recourse factoring agreement |  |  | 10,752 |  |  |  | 17,307 |
Borrowings secured with trade receivables not part of factoring agreement |  |  | 9,282 |  |  |  | 9,703 |
Borrowings unsecured |  |  | 763 |  |  |  | 490 |
Total |  |  | 22,834 |  |  |  | 29,254 |
Summary of Weighted Average Interest Rates on Bank Overdrafts and Short-Term Borrowings | The weighted average interest rates on the bank overdrafts and short-term borrowings for the years ended December 31, 2023 and 2022 are as follows:
|  | 2023 |  |  | 2022 |
Bank overdrafts |  |  | 7.81 | % |  |  | 5.12 | %
Borrowings |  |  | 5.65 | % |  |  | 3.30 | %

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