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Other assets (non-current and current) | 12 Months Ended
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Dec. 31, 2023
Other Assets Current And Noncurrent [Abstract] |
Other assets (non-current and current) | 13 Other assets (non-current and current) Other assets are analysed as follows:
|  | 31/12/23 |  |  | 31/12/22 |
Advances to suppliers |  |  | 2,622 |  |  |  | 4,697 |
Deferred delivery and commission costs related to finished goods |  |  | 1,490 |  |  |  | 1,655 |
Deferred costs for Natuzzi Display System |  |  | 1,665 |  |  |  | 1,579 |
Deferred costs for slotting fees |  |  | 641 |  |  |  | 725 |
Deferred costs for Service-Type Warranty |  |  | 254 |  |  |  | 209 |
Other prepaid expenses and accrued income |  |  | 296 |  |  |  | 560 |
Total other assets |  |  | 6,968 |  |  |  | 9,425 |
Less current portion |  |  | (5,365 | ) |  |  | (7,973 | )
Non-current portion |  |  | 1,603 |  |  |  | 1,452 |
“Advances to suppliers” represent advance payments for raw materials, services and other expenses. “Deferred delivery and commission costs related to finished goods” are related to the deferral of shipping and handling costs and commission expenses for finished goods that had not been delivered at year-end. “Deferred costs for Natuzzi Display System” refer to the deferred costs incurred by the Company to purchase store fittings, which are then sold to retailers and used to set up their stores (“Natuzzi Display System” – NDS). Such costs are recognised over the life of the distribution contract signed with the retailer (usually five years). “Deferred costs for slotting fees” refer to contributions made by the Company to retailers to prepare the retailer’s system to accept and sell the Group’s products. Such fees are recognised over the life of the contract signed with the retailers (usually five years). “Deferred costs for Service-Type Warranty” refer to the deferral of costs incurred by the Company for the sale of a service-type warranty to end customers, considering that this insurance is provided by a third-party. Such costs are recognised over the life of the contractual insurance period, which is five years.

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- Definition The disclosure of other assets. [Refer: Other assets] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2023-01-01 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2023-en-r&anchor=para_10_e&doctype=Standard -URIDate 2023-03-23 + Details
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- Definition Other assets current and noncurrent. + References No definition available. + Details
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