XML 188 R173.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Financial Instruments - Fair Values and Risk Management - Additional Information (Detail)
¥ in Millions
1 Months Ended 12 Months Ended
Apr. 09, 2024
EUR (€)
Apr. 04, 2024
EUR (€)
Jan. 01, 2024
EUR (€)
Jan. 31, 2024
EUR (€)
Jan. 31, 2022
EUR (€)
Jul. 31, 2020
EUR (€)
Dec. 31, 2023
EUR (€)
Customer
Dec. 31, 2022
EUR (€)
Customer
Dec. 31, 2021
EUR (€)
Customer
Jan. 31, 2024
CNY (¥)
Jan. 01, 2024
CNY (¥)
Jan. 31, 2023
EUR (€)
Disclosure of detailed information about financial instruments [line items]                        
Transfers between Level 1 and Level 2, assets             € 0 € 0        
Transfers between Level 1 and Level 2, liabilities             0 0        
Transfers between Level 2 and Level 1, assets             0 0        
Transfers between Level 2 and Level 1, liabilities             0 0        
Transfers into Level 3, assets             0 0        
Transfers out of Level 3, assets             0 0        
Transfers into Level 3, liabilities             0 0        
Transfers out of Level 3, liabilities             0 0        
Current and non-current receivables             5,681,000 6,068,000        
Cash and cash equivalents             33,610,000 54,475,000        
Cash consideration received for asset disposal               624,000 € 4,511,000      
Long-term loan             17,353,000 17,289,000        
Amount paid back to parent's majority shareholder             2,500,000          
Unused credit lines             € 31,130,000          
Borrowings interest rate             6.308%          
Impairment loss on trade receivables             € 33,000 € 331,000 € 110,000      
Fixed rate borrowings [member]                        
Disclosure of detailed information about financial instruments [line items]                        
Borrowings interest rate             45.50% 39.70%        
Natuzzi Trading (Shanghai) Co., Ltd [Member]                        
Disclosure of detailed information about financial instruments [line items]                        
Long-term loan                       € 3,337,000
Italian Financial Institution [Member]                        
Disclosure of detailed information about financial instruments [line items]                        
Long-term loan         € 4,000,000   € 7,609,000          
Long-term debt interest rate basis         three-month Euribor (360)              
Long-term debt interest rate spread         2.00%   0.055%          
Contribution             € 1,962,000          
Subsidized finance             581,000          
Italian Financial Institution [Member] | Investments And Research And Development Expenses [member]                        
Disclosure of detailed information about financial instruments [line items]                        
Subsidized finance             € 5,647,000          
Natuzzi Singapore PTE. LTD. [Member] | Truong Thanh Furniture Corporation                        
Disclosure of detailed information about financial instruments [line items]                        
Proportion of ownership interest in subsidiary             20.00%          
Events After Reporting Period [Member]                        
Disclosure of detailed information about financial instruments [line items]                        
Long-term debt maturity March 31, 2027                      
Long-term loan € 2,500,000                      
Long-term debt nominal amount       € 3,000,000                
Long-term debt interest rate basis       Euribor 3 M                
Long-term debt interest rate spread 2.50%     2.95%           2.95%    
Amount paid back to parent's majority shareholder € 2,500,000                      
Revolving credit line       € 3,821,000           ¥ 30    
Interest-bearing loan effective date Mar. 31, 2024                      
Interest bearing loan maturity date Mar. 31, 2027                      
Borrowings interest rate 2.50%                      
Events After Reporting Period [Member] | Equity attributable to owners of parent [member]                        
Disclosure of detailed information about financial instruments [line items]                        
Cash and cash equivalents     € 3,821,000                  
Long-term debt nominal amount     € 3,000,000                  
Long-term debt interest rate basis     Euribor 3M                  
Long-term debt interest rate spread   2.50% 2.95%               2.95%  
Amount paid back to parent's majority shareholder   € 2,500,000                    
Revolving credit line | ¥                     ¥ 30  
Interest-bearing loan effective date   Mar. 31, 2024                    
Interest bearing loan maturity date   Mar. 31, 2027                    
Trade receivables [member]                        
Disclosure of detailed information about financial instruments [line items]                        
No. of customers | Customer             1 1 1      
Revenue [member]                        
Disclosure of detailed information about financial instruments [line items]                        
No. of customers | Customer             1 1 1      
Six-month Euribor (360) Plus 2.5% spread long term debt with maturing in August 2023 [member] | Romanian Financial Institution                        
Disclosure of detailed information about financial instruments [line items]                        
Long-term loan             € 10,000,000 € 2,344,000        
Long-term debt interest rate basis             6-month Euribor (360)          
Long-term debt interest rate spread             2.50%          
Six-month Euribor (360) plus 2.5% spread long term debt with maturing in March 2025 [member] | Romanian Financial Institution                        
Disclosure of detailed information about financial instruments [line items]                        
Long-term debt maturity             July 2025          
Outstanding borrowings             € 3,563,000          
Long-term loan             € 5,000,000 3,215,000        
Long-term debt interest rate basis             6-month Euribor (360)          
Long-term debt interest rate spread             2.50%          
Credit risk [member]                        
Disclosure of detailed information about financial instruments [line items]                        
Percentage of uncollected outstanding balances of trade receivable in case of customer insolvency             85.00%          
Percentage of insured trade receivables             15.00%          
Current and non-current receivables             € 18,164 € 22,173,000        
Liquidity risk [member]                        
Disclosure of detailed information about financial instruments [line items]                        
Additional renewal term of factoring agreement           5 years            
Bottom Of Range [Member]                        
Disclosure of detailed information about financial instruments [line items]                        
Maximum payment period for individual customers             30 days          
Borrowings interest rate             3.00% 3.00%        
Bottom Of Range [Member] | Trade receivables [member]                        
Disclosure of detailed information about financial instruments [line items]                        
Percentage of concentration risk             5.00% 5.00% 5.00%      
Bottom Of Range [Member] | Revenue [member]                        
Disclosure of detailed information about financial instruments [line items]                        
Percentage of concentration risk             5.00% 5.00% 5.00%      
Bottom Of Range [Member] | Group's Distributors and Retailers [member]                        
Disclosure of detailed information about financial instruments [line items]                        
Percentage of concentration risk             80.00%          
Customer concentration transacting period             5 years          
Top of Range [member]                        
Disclosure of detailed information about financial instruments [line items]                        
Maximum payment period for individual customers             90 days          
Temporarily extended payment period for certain customers             120 days          
Top of Range [member] | Liquidity risk [member]                        
Disclosure of detailed information about financial instruments [line items]                        
Short-term borrowings           € 40,000,000