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Bank overdrafts and short-term borrowings
 12 Months Ended
Dec. 31, 2024
Bank Overdrafts And Short Term Borrowings [Abstract]  
Bank overdrafts and short-term borrowings

28. Bank overdrafts and short-term borrowings

Bank overdrafts and short-term borrowings as at December 31, 2024 and 2023 are analysed as follows:

 

 

 

31/12/24

 

 

31/12/23

 

Bank overdrafts

 

 

3,328

 

 

 

2,037

 

Borrowings related to a recourse factoring agreement

 

 

10,665

 

 

 

10,752

 

Borrowings secured with trade receivables not part of factoring agreement

 

 

8,734

 

 

 

9,282

 

Borrowings unsecured

 

 

600

 

 

 

763

 

Total

 

 

23,327

 

 

 

22,834

 

 

The weighted average interest rates on the bank overdrafts and short-term borrowings for the years ended December 31, 2024 and 2023 are as follows:

 

 

 

2024

 

 

2023

 

Bank overdrafts

 

 

7.02

%

 

 

7.81

%

Borrowings

 

 

6.37

%

 

 

5.65

%

 

As at December31, 2024, the unused portion of credit facilities available to the Group, for which no commitment fees are due, amount to 30,640 (31,130 as at December 31, 2023). Such unused portion is mainly related to a recourse factoring agreement for export-related trade receivables (28,412) and bank overdrafts (2,228).