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SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2022

Significant Accounting Policies [Abstract]

Disclosure of foreign currency exchange rates used to translate other currencies into Euro

The principal foreign currency exchange rates used to translate other currencies into Euro were as follows:


			2022												2021												2020
			Average						At December 31,						Average						At December 31,						Average						At December 31,
U.S. Dollar			1.0530						1.0666						1.1827						1.1326						1.1422						1.2271
Pound Sterling			0.8528						0.8869						0.8596						0.8403						0.8897						0.8990
Swiss Franc			1.0047						0.9847						1.0811						1.0331						1.0705						1.0802
Japanese Yen			138.0274						140.6600						129.8767						130.3800						121.8458						126.4900
Chinese Yuan			7.0788						7.3582						7.6282						7.1947						7.8747						8.0225
Australian Dollar			1.5167						1.5693						1.5749						1.5615						1.6549						1.5896
Canadian Dollar			1.3695						1.4440						1.4826						1.4393						1.5300						1.5633
Singapore Dollar			1.4512						1.4300						1.5891						1.5279						1.5742						1.6218
Hong Kong Dollar			8.2451						8.3163						9.1932						8.8333						8.8587						9.5142

Disclosure of straight line depreciation rates

Depreciation is calculated on a straight-line basis over the estimated useful lives of the assets, as follows:


			Depreciation rates
Industrial buildings			3% - 20%
Plant, machinery and equipment			5% - 22%
Other assets			12% - 25%