XML 56 R41.htm IDEA: XBRL DOCUMENT v3.8.0.1
SEGMENT INFORMATION (Tables)
 12 Months Ended
Dec. 31, 2017
Disclosure of entity's operating segments [Abstract]  
Disclosure of operating segments
 
Year ended December 31, 2017
 
Steel
 
Mining
 
Inter-
segment
eliminations
 
Total
IFRS
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net sales
9,700,260

 
271,477

 
(271,441
)
 
9,700,296

Cost of sales
(7,465,751
)
 
(212,860
)
 
275,586

 
(7,403,025
)
 
 
 
 
 
 
 
 
Gross profit
2,234,509

 
58,617

 
4,145

 
2,297,271

 
 
 
 
 
 
 
 
Selling, general and administrative expenses
(811,487
)
 
(12,760
)
 
—

 
(824,247
)
Other operating income, net
(17,011
)
 
771

 
—

 
(16,240
)
 
 
 
 
 
 
 
 
Operating income - IFRS
1,406,011

 
46,628

 
4,145

 
1,456,784

 
 
 
 
 
 
 
 
Management view
 
 
 
 
 
 
 
Net sales
9,700,260

 
287,152

 
(287,116
)
 
9,700,296

Operating income
1,065,605

 
66,694

 
(1,291
)
 
1,131,008

Reconciliation items:
 
 
 
 
 
 
 
Differences in Cost of sales
 
 
 
 
 
 
325,776

 
 
 
 
 
 
 
 
Operating income - IFRS
 
 
 
 
 
 
1,456,784

 
 
 
 
 
 
 
 
Financial income (expense), net
 
 
 
 
 
 
(165,090
)
Equity in (losses) earnings of non-consolidated companies
 
 
 
 
 
 
68,115

 
 
 
 
 
 
 
 
Income before income tax expense - IFRS
 
 
 
 
 
 
1,359,809

 
 
 
 
 
 
 
 
Depreciation and amortization - IFRS
(424,529
)
 
(49,770
)
 
—

 
(474,299
)
 
Year ended December 31, 2016
 
Steel
 
Mining
 
Inter-
segment
eliminations
 
Total
IFRS
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net sales
7,221,751

 
204,894

 
(202,670
)
 
7,223,975

Cost of sales
(5,391,038
)
 
(192,038
)
 
198,686

 
(5,384,390
)
 
 
 
 
 
 
 
 
Gross profit
1,830,713

 
12,856

 
(3,984
)
 
1,839,585

 
 
 
 
 
 
 
 
Selling, general and administrative expenses
(677,007
)
 
(10,935
)
 
—

 
(687,942
)
Other operating income, net
(9,543
)
 
(382
)
 
—

 
(9,925
)
 
 
 
 
 
 
 
 
Operating income - IFRS
1,144,163

 
1,539

 
(3,984
)
 
1,141,718

 
 
 
 
 
 
 
 
Management view
 
 
 
 
 
 
 
Net sales
7,221,751

 
208,230

 
(206,006
)
 
7,223,975

Operating income
936,164

 
3,871

 
269

 
940,303

Reconciliation items:
 
 
 
 
 
 
 
Differences in Cost of sales
 
 
 
 
 
 
201,415

 
 
 
 
 
 
 
 
Operating income - IFRS
 
 
 
 
 
 
1,141,718

 
 
 
 
 
 
 
 
Financial income (expense), net
 
 
 
 
 
 
(37,885
)
Equity in (losses) earnings of non-consolidated companies
 
 
 
 
 
 
14,624

 
 
 
 
 
 
 
 
Income before income tax expense - IFRS
 
 
 
 
 
 
1,118,457

 
 
 
 
 
 
 
 
Depreciation and amortization - IFRS
(361,685
)
 
(45,205
)
 
—

 
(406,890
)
 
Year ended December 31, 2015
 
Steel
 
Mining
 
Inter-
segment
eliminations
 
Total
IFRS
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net sales
7,875,161

 
203,105

 
(200,817
)
 
7,877,449

Cost of sales
(6,456,584
)
 
(214,651
)
 
193,963

 
(6,477,272
)
 
 
 
 
 
 
 
 
Gross profit
1,418,577

 
(11,546
)
 
(6,854
)
 
1,400,177

 
 
 
 
 
 
 
 
Selling, general and administrative expenses
(757,078
)
 
(13,214
)
 
—

 
(770,292
)
Other operating income, net
9,151

 
303

 
—

 
9,454

 
 
 
 
 
 
 
 
Operating income - IFRS
670,650

 
(24,457
)
 
(6,854
)
 
639,339

 
 
 
 
 
 
 
 
Management view
 
 
 
 
 
 
 
Net sales
7,875,161

 
216,095

 
(213,807
)
 
7,877,449

Operating income
1,012,282

 
(3,490
)
 
(640
)
 
1,008,152

Reconciliation items:
 
 
 
 
 
 
 
Differences in Cost of sales
 
 
 
 
 
 
(368,813
)
 
 
 
 
 
 
 
 
Operating income - IFRS
 
 
 
 
 
 
639,339

 
 
 
 
 
 
 
 
Financial income (expense), net
 
 
 
 
 
 
(99,430
)
Equity in (losses) earnings of non-consolidated companies
 
 
 
 
 
 
(272,810
)
 
 
 
 
 
 
 
 
Income before income tax expense - IFRS
 
 
 
 
 
 
267,099

 
 
 
 
 
 
 
 
Depreciation and amortization - IFRS
(384,380
)
 
(49,408
)
 
—

 
(433,788
)
Disclosure of geographical areas
 
Year ended December 31, 2017
 
Mexico
 
Southern
region
 
Other markets (2)
 
Total
 
 
 
 
 
 
 
 
Net sales
5,629,267

 
2,316,444

 
1,754,585

 
9,700,296

 
 
 
 
 
 
 
 
Non-current assets (1)
4,042,914

 
643,411

 
1,756,007

 
6,442,332

 
Year ended December 31, 2016
 
Mexico
 
Southern
region
 
Other markets
 
Total
 
 
 
 
 
 
 
 
Net sales
4,491,761

 
1,867,622

 
864,592

 
7,223,975

 
 
 
 
 
 
 
 
Non-current assets (1)
4,108,539

 
634,048

 
235,947

 
4,978,534

 
Year ended December 31, 2015
 
Mexico
 
Southern
region
 
Other markets
 
Total
 
 
 
 
 
 
 
 
Net sales
4,395,273

 
2,572,723

 
909,453

 
7,877,449

 
 
 
 
 
 
 
 
Non-current assets (1)
4,166,148

 
682,705

 
246,919

 
5,095,772

(1) Includes Property, plant and equipment and Intangible assets
Disclosure of products and services
 
Year ended December 31,
 
2017
 
2016
 
2015
 
 
 
 
 
 
Semi-finished (1)
123,752

 
19,878

 
88,264

Slabs
715,513

 
—

 
—

Hot rolled (2)
3,366,697

 
2,763,403

 
3,049,433

Cold rolled
1,321,663

 
1,110,671

 
1,176,019

Coated (3)
3,391,328

 
2,900,009

 
3,004,700

Roll-formed and tubular (4)
472,253

 
413,991

 
509,034

Other products (5)
309,090

 
16,023

 
49,999

 
 
 
 
 
 
TOTAL SALES
9,700,296

 
7,223,975

 
7,877,449

(1)
Semi-finished includes billets and round bars.
(2)
Hot rolled includes hot rolled flat products, merchant bars, reinforcing bars, stirrups and rods.
(3)
Coated includes tin plate and galvanized products.
(4)
Roll-formed and tubular includes tubes, beams, insulated panels, roofing and cladding, roof tiles, steel decks and pre-engineered metal building systems.
(5)
Other products include mainly sales of energy and pig iron.