Intangibles assets and goodwill

12 Months Ended

Dec. 31, 2024

Disclosure of reconciliation of changes in intangible assets and goodwill [abstract]

10. Intangible assets and goodwill

Changes in the carrying amount of intangible assets and goodwill for the years ended December 31, 2024 and 2023 are analysed in the following tables.


	Trademarks, patents and other			Software			Goodwill		Total
Cost as at December 31, 2022		14,277			33,167			1,921		49,365
Additions		188			763			—		951
Disposals		(11,098	)		(16,513	)		—		(27,611	)
Effect of translation adjustments		(8	)		(1	)		—		(9	)
Cost as at December 31, 2023		3,359			17,416			1,921		22,696
Additions		220			3,853			—		4,073
Disposals		(302	)		(7,842	)		—		(8,144	)
Effect of translation adjustments		4			16			—		20
Cost as at December 31, 2024		3,281			13,443			1,921		18,645

Accumulated amortisation as at December 31, 2022		(13,897	)		(31,214	)		—		(45,111	)
Amortisation		(168	)		(873	)		—		(1,041	)
Disposals		11,098			16,513			—		27,611
Effect of translation adjustments		4			1			—		5
Accumulated amortisation as at December 31, 2023		(2,963	)		(15,573	)		—		(18,536	)
Amortisation		(156	)		(1,414	)		—		(1,570	)
Disposals		260			7,842			—		8,102
Effect of translation adjustments		(3	)		(10	)		—		(13	)
Accumulated amortisation as at December 31, 2024		(2,862	)		(9,155	)		—		(12,017	)

Net book value as at December 31, 2022		380			1,953			1,921		4,254
Net book value as at December 31, 2023		396			1,843			1,921		4,160
Net book value as at December 31, 2024		419			4,288			1,921		6,628

As at December 31, 2024 and 2023, goodwill of 1,921 relates to the “Italy – retail stores” CGU. It arose from the 2017 acquisition by the Parent of three “Divani&Divani by Natuzzi” stores located in the North East of Italy.

In 2024, the item "disposals" refers to the writing-off of assets fully depreciated.

With reference to goodwill, since it is allocated to specific DOS, the Group has carried out an impairment test on property, plant and equipment, right-of-use assets as well as the goodwill for each cash-generating unit (CGU) of directly managed retail stores.

Further, the cash flows included specific estimates for five years and a long-term growth rate thereafter. Cash flow projections have been determined based on the Business Plan approved by the Board of Directors. For additional information on the impairment assessment, reference should be made to note 8.

Impairment tests have been performed on goodwill in 2024, 2023 and 2022 and no impairment was recorded.