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Related parties (Tables) | 12 Months Ended
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Dec. 31, 2023
Disclosure Of Related Parties [Abstract] |
Schedule of Transactions with Related Parties | The compensation of key management personnel of the Group is analysed as follows:
|  | 2023 |  |  | 2022 |  |  | 2021 |
Directors’ fee |  |  | 849 |  |  |  | 854 |  |  |  | 511 |
Short-term employee benefits |  |  | 2,772 |  |  |  | 1,851 |  |  |  | 1,934 |
Social security contributions and defined contribution plans |  |  | 777 |  |  |  | 685 |  |  |  | 692 |
Employee benefit obligations |  |  | 188 |  |  |  | 125 |  |  |  | 132 |
Expenses for stock options |  |  | 587 |  |  |  | 998 |  |  |  | — |
Total |  |  | 5,173 |  |  |  | 4,513 |  |  |  | 3,269 |
The aggregate value of transactions and outstanding balances related to directors were as follows.
|  | 2023 |  |  | 2022 |  |  | 2021 |
|  | Cost |  |  | Amounts due |  |  | Cost |  |  | Amounts due |  |  | Cost |  |  | Amounts due |
Finished products purchased from TTF |  |  | 1,340 |  |  |  | 412 |  |  |  | 1,852 |  |  |  | 178 |  |  |  | — |  |  |  | — |
Purchase of agency services from the company REFLEX MARKETING |  |  | 992 |  |  |  | 1 |  |  |  | 1,360 |  |  |  | 1 |  |  |  | 998 |  |  |  | 1 |
Total |  |  | 2,332 |  |  |  | 413 |  |  |  | 3,212 |  |  |  | 179 |  |  |  | 998 |  |  |  | 1 |
|  | 2023 |  |  | 2022 |  |  | 2021 |
|  | Income |  |  | Amounts owed |  |  | Income |  |  | Amounts owed |  |  | Income |  |  | Amounts owed |
Selling of finished products to NAT STORE LTD |  |  | 1,631 |  |  |  | 171 |  |  |  | 1,354 |  |  |  | 233 |  |  |  | 1,065 |  |  |  | 441 |
Selling of finished products to IN CASA GROUP PTY |  |  | 1,735 |  |  |  | 732 |  |  |  | 2,401 |  |  |  | 654 |  |  |  | 1,545 |  |  |  | 619 |
Total |  |  | 3,366 |  |  |  | 903 |  |  |  | 3,755 |  |  |  | 887 |  |  |  | 2,610 |  |  |  | 1,060 |
The following tables provide the total amount of transactions that have been entered into with such related parties for the relevant financial year. Such transactions have been conducted at arm’s length. December 31, 2023
|  | Sales |  |  | Expenses |  |  | Dividends received |  |  | Amounts owed by related parties |  |  | Amounts due to related parties |
Natuzzi Trading Shanghai Co, Ltd. (joint venture) |  |  | 26,523 |  |  |  | — |  |  |  | — |  |  |  | 4,198 |  |  |  | — |
Nars Miami LLCC (associate) |  |  | 167 |  |  |  | 431 |  |  |  | — |  |  |  | 103 |  |  |  | 75 |
Natuzzi Texas LLC (joint venture) |  |  | 1,951 |  |  |  | — |  |  |  | — |  |  |  | 2,598 |  |  |  | — |
Natuzzi Stores (UK) LTD (associate) |  |  | 5,876 |  |  |  | — |  |  |  | — |  |  |  | 44 |  |  |  | — |
Natuzzi Design S.a.s. (other related party) |  |  | 2,130 |  |  |  | — |  |  |  | — |  |  |  | 724 |  |  |  | — |
Natuzzi Arredamenti S.r.l. (other related party) |  |  | 1,619 |  |  |  | — |  |  |  | — |  |  |  | 243 |  |  |  | — |
Natuzzi Sofa S.r.l. (other related party) |  |  | 385 |  |  |  | — |  |  |  | — |  |  |  | 56 |  |  |  | — |
Total |  |  | 38,651 |  |  |  | 431 |  |  |  | — |  |  |  | 7,966 |  |  |  | 75 |
December 31, 2022
|  | Sales |  |  | Expenses |  |  | Dividends received |  |  | Amounts owed by related parties |  |  | Amounts due to related parties |
Natuzzi Trading Shanghai Co, Ltd. (joint venture) |  |  | 59,838 |  |  |  | — |  |  |  | 3,697 |  |  |  | 5,314 |  |  |  | — |
Nars Miami LLCC (associate) |  |  | 1,484 |  |  |  | 16 |  |  |  | — |  |  |  | 231 |  |  |  | 59 |
Natuzzi Texas LLC (joint venture) |  |  | 992 |  |  |  | — |  |  |  | — |  |  |  | 1,193 |  |  |  | — |
Natuzzi Stores (UK) LTD (associate) |  |  | 7,110 |  |  |  | — |  |  |  | — |  |  |  | 14 |  |  |  | — |
Natuzzi Design S.a.s. (other related party) |  |  | 2,550 |  |  |  | — |  |  |  | — |  |  |  | 426 |  |  |  | — |
Natuzzi Arredamenti S.r.l. (other related party) |  |  | 1,734 |  |  |  | 26 |  |  |  | — |  |  |  | 231 |  |  |  | — |
Natuzzi Sofa S.r.l. (other related party) |  |  | 399 |  |  |  | — |  |  |  | — |  |  |  | 48 |  |  |  | — |
Total |  |  | 74,107 |  |  |  | 42 |  |  |  | 3,697 |  |  |  | 7,457 |  |  |  | 59 |
December 31, 2021
|  | Sales |  |  | Expenses |  |  | Dividends received |  |  | Amounts owed by related parties |  |  | Amounts due to related parties |
Natuzzi Trading Shanghai Co, Ltd. (joint venture) |  |  | 48,457 |  |  |  | — |  |  |  | 1,490 |  |  |  | 6,953 |  |  |  | — |
Nars Miami LLCC (associate) |  |  | 806 |  |  |  | — |  |  |  | 254 |  |  |  | 123 |  |  |  | — |
Natuzzi Texas LLC (joint venture) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Natuzzi Stores (UK) LTD (associate) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Natuzzi Design S.a.s. (other related party) |  |  | 1,820 |  |  |  | — |  |  |  | — |  |  |  | 710 |  |  |  | — |
Natuzzi Arredamenti S.r.l. (other related party) |  |  | 989 |  |  |  | — |  |  |  | — |  |  |  | 191 |  |  |  | — |
Natuzzi Sofa S.r.l. (other related party) |  |  | 232 |  |  |  | — |  |  |  | — |  |  |  | 51 |  |  |  | — |
Total |  |  | 52,304 |  |  |  | — |  |  |  | 1,744 |  |  |  | 8,028 |  |  |  | — |

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- Definition The disclosure of transactions between the entity and its related parties. [Refer: Related parties [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 24 -IssueDate 2023-01-01 -Paragraph 18 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=24&code=ifrs-tx-2023-en-r&anchor=para_18&doctype=Standard -URIDate 2023-03-23 + Details
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