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Share Capital, reserves and retained earnings (Tables) | 12 Months Ended
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Dec. 31, 2023
Disclosure Of Share Capital Reserves And Retained Earnings [Abstract] |
Summary of Changes in Equity Interest | As at December 31, 2023, 2022 and 2021 the equity attributable to owners of the Company is analysed as follows:
|  | 31/12/23 |  |  | 31/12/22 |  |  | 31/12/21 |
Share capital |  |  | 55,073 |  |  |  | 55,073 |  |  |  | 54,853 |
Reserves |  |  | 20,448 |  |  |  | 23,292 |  |  |  | 17,449 |
Retained earnings |  |  | (6,576 | ) |  |  | 9,493 |  |  |  | 10,033 |
Total |  |  | 68,945 |  |  |  | 87,858 |  |  |  | 82,335 |
Disclosure of Share Capital Owned | Share capital is owned, as at December 31, 2023, 2022 and 2021, as follows:
|  | 31/12/23 |  |  | 31/12/22 |  |  | 31/12/21 |
Mr. Pasquale Natuzzi |  |  | 56.2 | % |  |  | 56.2 | % |  |  | 56.5 | %
Mrs. Anna Maria Natuzzi |  |  | 2.6 | % |  |  | 2.6 | % |  |  | 2.6 | %
Mrs. Annunziata Natuzzi |  |  | 2.5 | % |  |  | 2.5 | % |  |  | 2.5 | %
Other investors |  |  | 38.7 | % |  |  | 38.7 | % |  |  | 38.4 | %
Total |  |  | 100.0 | % |  |  | 100.0 | % |  |  | 100.0 | %
Analysis of Share Capital Reserves | An analysis of “Reserves” is as follows:
|  | 31/12/23 |  |  | 31/12/22 |  |  | 31/12/21 |
Legal reserve |  |  | 10,971 |  |  |  | 10,971 |  |  |  | 10,971 |
Majority shareholder capital contribution |  |  | 488 |  |  |  | 488 |  |  |  | 488 |
Shareholders: unpaid share capital |  |  | — |  |  |  | (165 | ) |  |  | — |
Share premium reserve |  |  | 175 |  |  |  | 175 |  |  |  | — |
Stock option reserve |  |  | 1,133 |  |  |  | 824 |  |  |  | — |
Reserve for gain on disposal of Non-controlling interests |  |  | 4,219 |  |  |  | 4,219 |  |  |  | 1,088 |
Foreign operations translation reserve |  |  | 2,335 |  |  |  | 5,468 |  |  |  | 5,899 |
Remeasurement of defined benefit plan |  |  | 1,127 |  |  |  | 1,312 |  |  |  | (997 | )
Total |  |  | 20,448 |  |  |  | 23,292 |  |  |  | 17,449 |
Summary of OCI Accumulated in Reserves, Net of Tax | OCI accumulated in reserves, net of tax, is reported in the following tables.
|  | 31/12/23 |  |  | 31/12/22 |  |  | 31/12/21 |
Foreign operation translation |  |  | 2,335 |  |  |  | 5,468 |  |  |  | 5,899 |
Remeasurement of defined benefit plan |  |  | 1,127 |  |  |  | 1,312 |  |  |  | (997 | )
Owners of the Company |  |  | 3,462 |  |  |  | 6,780 |  |  |  | 4,902 |
Non-controlling interests |  |  | (17 | ) |  |  | 144 |  |  |  | (27 | )
Total OCI |  |  | 3,445 |  |  |  | 6,924 |  |  |  | 4,875 |
Analysis of Share Capital Reserves | The disaggregation of changes of OCI by each type of reserve in equity is shown in the tables below. Year ended December 31, 2023
|  | Foreign operations translation reserve |  |  | Remeasurement of defined benefit plan |  |  | Total |
Exchange difference on translation of foreign operations |  |  | (2,003 | ) |  |  | — |  |  |  | (2,003 | )
Share of OCI of equity-method investees |  |  | (1,257 | ) |  |  | — |  |  |  | (1,257 | )
Actuarial gains/(losses) on employees’ leaving entitlement |  |  | — |  |  |  | (185 | ) |  |  | (185 | )
Total |  |  | (3,260 | ) |  |  | (185 | ) |  |  | (3,445 | )
Year ended December 31, 2022
|  | Foreign operations translation reserve |  |  | Remeasurement of defined benefit plan |  |  | Total |
Exchange difference on translation of foreign operations |  |  | 524 |  |  |  | — |  |  |  | 524 |
Share of OCI of equity-method investees |  |  | (784 | ) |  |  | — |  |  |  | (784 | )
Actuarial gains/(losses) on employees’ leaving entitlement |  |  | — |  |  |  | 2,309 |  |  |  | 2,309 |
Total |  |  | (260 | ) |  |  | 2,309 |  |  |  | 2,049 |
Year ended December 31, 2021
|  | Foreign operations translation reserve |  |  | Remeasurement of defined benefit plan |  |  | Total |
Exchange difference on translation of foreign operations |  |  | 1,709 |  |  |  | — |  |  |  | 1,709 |
Share of OCI of equity-method investees |  |  | 2,328 |  |  |  | — |  |  |  | 2,328 |
Actuarial gains/(losses) on employees’ leaving entitlement |  |  | — |  |  |  | (627 | ) |  |  | (627 | )
Total |  |  | 4,037 |  |  |  | (627 | ) |  |  | 3,410 |
Disclosure of Net Debt to Equity Ratio | The Group’s net debt to equity ratio as at December 31, 2023 and 2022 is as follows:
|  | 31/12/23 |  |  | 31/12/22 |
Total liabilities |  |  | 265,059 |  |  |  | 276,051 |
Less cash and cash equivalents |  |  | (33,610 | ) |  |  | (54,475 | )
Net debt (a) |  |  | 231,449 |  |  |  | 221,576 |
Total equity (b) |  |  | 73,288 |  |  |  | 92,556 |
Net debt to equity ratio (a/b) |  |  | 3.16 |  |  |  | 2.39 |

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