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Consolidated Statements of Changes in Equity - USD ($)
$ in Thousands
Total
Capital stock
Treasury shares
Initial public offering expenses
Reserves
Capital stock issue discount
Currency translation adjustment
Retained earnings
Total
Non-controlling interest
Acquisition reserve
Beginning balance at Dec. 31, 2014 $ 5,634,703 $ 2,004,743 [1],[2] $ (150,000) [1],[2] $ (23,295) [1] $ 1,475,619 [1],[3] $ (2,324,866) [1],[4] $ (1,836,057) [1] $ 5,551,057 [1] $ 4,697,201 [1] $ 937,502  
Profit (Loss) for the year 59,779             8,127 [1] 8,127 [1] 51,652  
Other comprehensive income (loss) for the year                      
Currency translation adjustment (640,541)           (464,278) [1]   (464,278) [1] (176,263)  
Remeasurement of post employment benefit obligations (1,782)       (3,218) [1],[3]       (3,218) [1] 1,436  
Cash flow hedges and others, net of tax 906       714 [1],[3]       714 [1] 192  
Others 973       905 [1],[3]       905 [1] 68  
Comprehensive income (580,665)       (1,599) [1],[3]   (464,278) [1] 8,127 [1] (457,750) [1] (122,915)  
Dividends paid in cash [5] (176,677)             (176,677) [1] (176,677) [1] 0  
Dividends [6] (32,743)                 (32,743)  
Ending balance at Dec. 31, 2015 $ 4,802,997 2,004,743 [1],[2],[7],[8] $ (150,000) [1],[2],[7],[8] (23,295) [1],[7] 1,444,394 [1],[3],[7],[9] (2,324,866) [1],[4],[7],[10] (2,300,335) [1],[7] 5,382,507 [1],[7] 4,033,148 [1],[7] 769,849  
Other comprehensive income (loss) for the year                      
Dividends paid, per share $ 0.090                    
Dividends paid, USD per ADS $ 0.90                    
Dividends not paid on Treasury Shares $ 3,700                    
Other reserves                     $ (88,500)
Number of shares authorised 3,500,000,000.0                    
Par value per share $ 1.00                    
Number of shares issued 2,004,743,442                    
Number of shares in entity held by entity or by its subsidiaries or associates     41,666,666                
Legal reserve $ 200,500                    
Undistributed reserve 1,400,000                    
Reserve of cash flow hedges, net of tax (400)                    
Profit (Loss) for the year 706,929             595,644 [7] 595,644 [7] 111,285  
Currency translation adjustment (87,807)           (36,594) [7]   (36,594) [7] (51,213)  
Remeasurement of post employment benefit obligations (27,981)       (25,749) [7],[9]       (25,749) [7] (2,232)  
Cash flow hedges and others, net of tax 449       229 [7],[9]       229 [7] 220  
Others (488)       1,297 [7],[9]       1,297 [7] (1,785)  
Comprehensive income 591,102       (24,223) [7],[9] 0 [7],[10] (36,594) [7] 595,644 [7] 534,827 [7] 56,275  
Dividends paid in cash [11] (176,677)             (176,677) [7] (176,677) [7] 0  
Dividends [12] (50,829)                 (50,829)  
Contributions from non-controlling shareholders in consolidated subsidiaries [13] 30,870                 30,870  
Sale of participation in subsidiary companies [14] 1,509                 1,509  
Acquisition of non-controlling interest [15] (74,000)       (29,626) [7],[9]       (29,626) [7] (44,374)  
Ending balance at Dec. 31, 2016 $ 5,166,593 2,004,743 [7],[8],[16],[17] $ (150,000) [7],[8],[16],[17] (23,295) [7],[16] 1,420,171 [7],[9],[16],[18] (2,324,866) [7],[10],[16],[19] (2,336,929) [7],[16] 5,801,474 [7],[16] 4,391,298 [7],[16] 775,295  
Other comprehensive income (loss) for the year                      
Dividends paid, per share $ 0.090                    
Dividends paid, USD per ADS $ 0.90                    
Dividends not paid on Treasury Shares $ 3,700                    
Other reserves                     (88,500)
Number of shares authorised 3,500,000,000.0                    
Par value per share $ 1.00                    
Number of shares issued 2,004,743,442                    
Number of shares in entity held by entity or by its subsidiaries or associates     41,666,666                
Legal reserve $ 200,500                    
Undistributed reserve 1,400,000                    
Reserve of cash flow hedges, net of tax (100)                    
Profit (Loss) for the year 1,022,927             886,219 [16] 886,219 [16] 136,708  
Currency translation adjustment (104,393)           (66,735) [16]   (66,735) [16] (37,658)  
Remeasurement of post employment benefit obligations (6,198)       (4,642) [16],[18]       (4,642) [16] (1,556)  
Cash flow hedges and others, net of tax 628       504 [16],[18]       504 [16] 124  
Others 95       88 [16],[18]       88 [16] 7  
Comprehensive income 913,059       (4,050) [16],[18]   (66,735) [16] 886,219 [16] 815,434 [16] 97,625  
Dividends paid in cash [20] (196,308)             (196,308) [16] (196,308) [16] 0  
Dividends [21] (30,573)                 (30,573)  
Ending balance at Dec. 31, 2017 $ 5,852,771 $ 2,004,743 [16],[17] $ (150,000) [16],[17] $ (23,295) [16] $ 1,416,121 [16],[18] $ (2,324,866) [16],[19] $ (2,403,664) [16] $ 6,491,385 [16] $ 5,010,424 [16] $ 842,347  
Other comprehensive income (loss) for the year                      
Dividends paid, per share $ 0.10                    
Dividends paid, USD per ADS $ 1.00                    
Dividends not paid on Treasury Shares $ 4,200                    
Other reserves                     $ (88,500)
Number of shares authorised 3,500,000,000.0                    
Par value per share $ 1.00                    
Number of shares issued 2,004,743,442                    
Number of shares in entity held by entity or by its subsidiaries or associates     41,666,666                
Legal reserve $ 200,500                    
Undistributed reserve 1,400,000                    
Reserve of cash flow hedges, net of tax $ 600                    
[1] Shareholders’ equity is determined in accordance with accounting principles generally accepted in Luxembourg.
[2] The Company has an authorized share capital of a single class of 3.5 billion shares having a nominal value of USD 1.00 per share. As of December 31, 2015, there were 2,004,743,442 shares issued. All issued shares are fully paid. Also, as of December 31, 2015, the Company held 41,666,666 shares as treasury shares.
[3] Include mainly legal reserve under Luxembourg law for USD 200.5 million, undistributable reserves under Luxembourg law for USD 1.4 billion, hedge accounting reserve, net of tax effect, for USD (0.4) million and reserves related to the acquisition of non-controlling interest in subsidiaries for USD (88.5) million.
[4] Represents the difference between book value of non-monetary contributions received from shareholders under Luxembourg GAAP and IFRS.
[5] Represents USD 0.090 per share (USD 0.90 per ADS). Related to the dividends distributed on May 6, 2015, and as 41,666,666 shares are held as treasury shares by Ternium, the dividends attributable to these treasury shares amounting to USD 3.7 million were included in equity as less dividend paid.
[6] Corresponds to the dividends paid by Ternium Argentina S.A. (formerly Siderar S.A.I.C.
[7] Shareholders’ equity is determined in accordance with accounting principles generally accepted in Luxembourg
[8] The Company has an authorized share capital of a single class of 3.5 billion shares having a nominal value of USD 1.00 per share. As of December 31, 2016, there were 2,004,743,442 shares issued. All issued shares are fully paid. Also, as of December 31, 2016, the Company held 41,666,666 shares as treasury shares.
[9] Include mainly legal reserve under Luxembourg law for USD 200.5 million, undistributable reserves under Luxembourg law for USD 1.4 billion, hedge accounting reserve, net of tax effect, for USD (0.1) million and reserves related to the acquisition of non-controlling interest in subsidiaries for USD (88.5) million.
[10] Represents the difference between book value of non-monetary contributions received from shareholders under Luxembourg GAAP and IFRS.
[11] Represents USD 0.090 per share (USD 0.90 per ADS). Related to the dividends distributed on May 4, 2016, and as 41,666,666 shares are held as treasury shares by Ternium, the dividends attributable to these treasury shares amounting to USD 3.7 million were included in equity as less dividend paid.
[12] Corresponds to the dividends paid by Ternium Argentina S.A. (formerly Siderar S.A.I.C.
[13] Corresponds to the contribution made by Nippon Steel Corporation in connection with its participation in Tenigal, S.R.L. de C.V.
[14] Corresponds to the sale of the participation in Ferrasa Panamá S.A. See note 2.b.
[15] Corresponds to the acquisition on the non-controlling interest in Ternium Colombia S.A.S. (formerly Ferrasa S.A.S.). See note 2.b
[16] Shareholders’ equity determined in accordance with accounting principles generally accepted in Luxembourg is disclosed in Note 25 (iii).
[17] The Company has an authorized share capital of a single class of 3.5 billion shares having a nominal value of USD 1.00 per share. As of December 31, 2017, there were 2,004,743,442 shares issued. All issued shares are fully paid. Also, as of December 31, 2017, the Company held 41,666,666 shares as treasury shares.
[18] Include mainly legal reserve under Luxembourg law for USD 200.5 million, undistributable reserves under Luxembourg law for USD 1.4 billion, hedge accounting reserve, net of tax effect, for USD 0.6 million and reserves related to the acquisition of non-controlling interest in subsidiaries for USD (88.5) million.
[19] Represents the difference between book value of non-monetary contributions received from shareholders under Luxembourg GAAP and IFRS.
[20] Represents USD 0.10 per share (USD 1.00 per ADS). Related to the dividends distributed on May 3, 2017, and as 41,666,666 shares are held as treasury shares by Ternium, the dividends attributable to these treasury shares amounting to USD 4.2 million were included in equity as less dividend paid.
[21] Corresponds to the dividends paid by Ternium Argentina S.A (formerly Siderar S.A.I.C.