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Property, plant and equipment (Tables)

12 Months Ended

Dec. 31, 2023

Disclosure of detailed information about property, plant and equipment [abstract]

Summary of Property, Plant and Equipment

Changes in the carrying amount of property, plant and equipment for the years ended December 31, 2023 and 2022 are analysed in the following tables.


	Land and buildings			Machinery and equipment			Office furniture and equipment			Retail gallery and store furnishing			Leasehold improvements			Constr. in progress			Total
Cost as at December 31, 2021		155,082			112,124			14,013			7,354			20,307			159			309,039
Additions		1,167			5,125			429			60			1,614			1,099			9,494
Disposals		(331	)		(2,757	)		(542	)		(144	)		(77	)		(237	)		(4,088	)
Impairment loss		—			(37	)		(6	)		—			—			—			(43	)
Reclassifications from constr. in progress		—			14			10			—			—			(24	)		—
Effect of translation adj.		1,883			510			81			68			275			15			2,832
Cost as at December 31, 2022		157,801			114,979			13,985			7,338			22,119			1,012			317,234
Additions		413			1,368			473			104			3,103			4,768			10,229
Disposals		(8	)		(667	)		(1,392	)		(1,688	)		(950	)		(101	)		(4,806	)
Impairment loss		—			40			—			—			(118	)		—			(78	)
Reclassifications from constr. in progress		253			36			—			—			3,532			(3,821	)		—
Effect of translation adj.		(592	)		276			(71	)		104			(636	)		(19	)		(938	)
Cost as at December 31, 2023		157,867			116,032			12,995			5,858			27,050			1,839			321,641


	Land and buildings			Machinery and equipment			Office furniture and equipment			Retail gallery and store furnishing			Leasehold improvements			Constr. in progress			Total
Accumulated depreciation as at December 31, 2021		(91,422	)		(99,973	)		(13,234	)		(6,918	)		(14,438	)		—			(225,985	)
Depreciation		(3,611	)		(2,990	)		(298	)		(244	)		(1,642	)		—			(8,785	)
Disposals		168			2,732			541			60			2			—			3,503
Effect of translation adj.		(1,228	)		(339	)		(60	)		67			24			—			(1,536	)
Accumulated depreciation as at December 31, 2022		(96,093	)		(100,570	)		(13,051	)		(7,035	)		(16,054	)		—			(232,803	)
Depreciation		(3,584	)		(3,189	)		(323	)		(172	)		(2,042	)		—			(9,310	)
Disposals		—			642			1,374			1,685			812			—			4,513
Effect of translation adj.		214			(279	)		72			(102	)		571			—			476
Accumulated depreciation as at December 31, 2023		(99,463	)		(103,396	)		(11,928	)		(5,624	)		(16,713	)		—			(237,124	)

Net book value as at December 31, 2021		63,660			12,151			779			436			5,869			159			83,054
Net book value as at December 31, 2022		61,708			14,409			934			303			6,065			1,012			84,431
Net book value as at December 31, 2023		58,404			12,636			1,067			234			10,337			1,839			84,517

Annual rate of depreciation for 2023 and 2022	0%-10%			10%-25%			10%-20%			25%-35%			10%-20%				—

Summary of Breakdown of Property, Plant and Equipment by Country

The following tables show a breakdown of property, plant and equipment by country.


		31/12/23				31/12/22
Italy			44,239				46,610
United States of America			18,259				14,807
Romania			17,520				17,952
Brazil			3,167				3,092
Europe			919				957
China			166				695
Other countries			247				318
Total			84,517				84,431

Summary of Breakdown of Property, Plant and Equipment Based on Cash Generating Units

The following tables show a breakdown of property, plant and equipment based on the cash generating units in which they are included.


		31/12/23				31/12/22
Italian upholstered furniture plant			30,108				33,087
Romanian upholstered furniture plant			18,769				19,338
Brazilian upholstered furniture plant			3,524				3,350
Chinese upholstered furniture plant			1,419				2,223
Others			30,697				26,433
Total			84,517				84,431