Assets
31/12/2023
31/12/2022
(euro/000)
Carrying
amount
Fair value
Carrying
amount
Fair value
Trade
receiv.
Financial
receiv.
Receiv.
from
others
Receiv.
from
insurance
Receiv.
From
employees
Trade
receiv.
Financial
receiv.
Receiv.
from
others
Receiv.
from
insurance
Receiv.
From
employees
Guarantee deposits
2,340
-
2,289
2,348
-
1,829
Rec.and other non-curr. Assets
2,340
-
-
2,289
-
-
2,348
-
-
1,829
-
-
Non - current assets
2,340
-
-
2,289
-
-
2,348
-
-
1,829
-
-
Trade receivables
698,602
698,602
701,071
701,071
Receiv. from factors
249
249
3,207
3,207
Customer financial receivables
9,656
9,656
10,336
10,336
Receiv. from suppliers
12,632
12,632
9,890
9,890
Receiv. from insurances
679
679
424
424
Receiv. from employees
-
-
6
6
Receiv. from others
1,075
1,075
126
126
Rec.and other curr. Assets
24,291
-
9,905
13,707
679
-
23,989
-
13,543
10,016
424
6
Financial assets held for trading
113
113
-
-
Cash and cash equivalents
260,883
260,883
172,185
172,185
Current assets
983,889
698,602
270,901
13,707
679
-
897,245
701,071
185,728
10,016
424
6
Liabilities
31/12/2023
31/12/2022
(euro/000)
Carrying
amount
Fair value
Carrying
amount
Fair value
Trade
payables
Financial
payables
FVTPL
derivate
Other
payable
s
Trade
payables
Financial
payables
FVTPL
derivate
Other
payable
s
Borrowings
65,702
58,315
71,118
60,944
Debts for investments in subsidiaries
600
605
600
608
Cash incentive liabilities
189
189
135
135
Provis. and other non-curr. Liab.
189
-
-
-
189
135
-
-
-
135
Non-current liabilities
66,491
-
58,920
-
189
71,853
-
61,552
-
135
Trade payables
1,109,260
1,109,260
1,112,166
1,112,166
Short-term financial liabilities
72,246
71,928
82,163
81,725
Derivate financial liabilities
18
18
24
24
Debts for investments in subsidiaries
5,764
5,671
2,455
2,455
Social security liabilities
5,491
5,491
5,366
5,366
Payables to others
18,260
18,260
21,238
21,238
Accrued expenses
257
257
227
227
Provis. and other Liab.
24,008
-
-
-
24,008
26,831
-
-
-
26,831
Current liabilities
1,211,296
1,109,260
77,599
18
24,008
1,223,639
1,112,166
84,180
24
26,831
IFRS 13 identifies a hierarchy of assessment techniques based on three levels:
\u2022Level 1: the data used in the assessments is represented by prices quoted on markets where assets and liabilities identical to those being assessed are traded;
\u2022Level 2: the data used in the assessments, other than listed prices referred to in Level 1, are observable for the financial asset or liability, both directly (prices) and indirectly (derived from prices);
\u2022Level 3: non-observable data; where observable data is not available and, therefore, there is little or no market activity for the assets and liabilities being assessed.
Assets and liabilities recorded in the financial statements at fair value, as specified in greater detail below, corresponds to a level 2 in the hierarchy with the exception of \"Financial assets held for trading\", which correspond to a level 1, and \"Trade receivables\" (portion not measured at amortised cost), which corresponds to level 3.
Given their short-term maturity, the gross carrying value of current assets and liabilities (excluding items specially measured) is deemed a reasonable approximation of their fair value.
The fair value of non-current assets and financial payables, including debts for investment in subsidiaries, was estimated by discounting expected future cash flows from principal and interest, according to the terms and the maturity dates of each agreement, and using the interest curve at the balance sheet date, as adjusted for the effects of DVA (Debit Value Adjustment) and the CVA (Credit Value Adjustment).