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DEFERRED INCOME TAX (Tables)
 12 Months Ended
Dec. 31, 2017
Deferred income tax [Abstract]  
Schedule of changes in deferred income tax
Changes in deferred income tax are as follows:
 
As of December 31,
 
2017
 
2016
 
 
 
 
At the beginning of the year
(523,209
)
 
(511,456
)
 
 
 
 
Acquisition of business (note 3)
13,686

 
—

Translation differences
(1,052
)
 
3,351

Effect of changes in tax law (note 11)
7,455

 
2,028

Withholding tax on dividend distributions (note 11)
—

 
(2,690
)
Credits (Charges) directly to other comprehensive income
4,808

 
2,379

Deferred tax (charge) credit (note 11)
106,047

 
(16,821
)
 
 
 
 
At the end of the year
(392,265
)
 
(523,209
)
Changes in deferred tax assets and liabilities
The changes in deferred tax assets and liabilities (prior to offsetting the balances within the same tax jurisdiction) during the year are as follows:
Deferred tax liabilities
 
PP&E
 
Inventories
 
Intangible
assets
 
Other
 
Total at December 31, 2017
 
 
 
 
 
 
 
 
 
 
 
At the beginning of the year
 
(625,963
)
 
(48,637
)
 
(28,050
)
 
(3,050
)
 
(705,700
)
 
 
 
 
 
 
 
 
 
 
 
Translation differences
 
6,907

 
(215
)
 
67

 
(29
)
 
6,730

Credits (Charges) directly to other comprehensive income
 
—

 
—

 
—

 
(108
)
 
(108
)
Withholding tax on dividend distributions
 
—

 
—

 
—

 
—

 
—

Effect of changes in tax law
 
17,293

 
185

 
352

 
11

 
17,841

Income statement credit (charge)
 
61,924

 
(8,339
)
 
8,939

 
1,120

 
63,644

 
 
 
 
 
 
 
 
 
 
 
At the end of the year
 
(539,839
)
 
(57,006
)
 
(18,692
)
 
(2,056
)
 
(617,593
)
Deferred tax assets
 
Provisions
 
Trade
receivables
 
Tax
losses (1)
 
Other
 
Total at December 31, 2017
 
 
 
 
 
 
 
 
 
 
 
At the beginning of the year
 
53,188

 
7,488

 
56,297

 
65,518

 
182,491

 
 
 
 
 
 
 
 
 
 
 
Translation differences
 
(501
)
 
(273
)
 
—

 
(7,008
)
 
(7,782
)
Acquisition of business (note 3)
 
—

 
—

 
—

 
13,686

 
13,686

Credits (Charges) directly to other comprehensive income
 
—

 
—

 
—

 
4,916

 
4,916

Effect of changes in tax law
 
(2,692
)
 
(238
)
 
—

 
(7,456
)
 
(10,386
)
Income statement credit (charge)
 
11,106

 
1,223

 
(12,942
)
 
43,016

 
42,403

 
 
 
 
 
 
 
 
 
 
 
At the end of the year
 
61,101

 
8,200

 
43,355

 
112,672

 
225,328

(1) As of December 31, 2017, the recognized deferred tax assets on tax losses amount to USD 43,355 and there are net unrecognized deferred tax assets of USD 1.2 billion and unrecognized tax losses amounting to USD 1.9 billion. These two last effects are connected to the acquisition of Ternium Brasil (see note 3 (a)).
Deferred tax liabilities
 
PP&E
 
Inventories
 
Intangible
assets
 
Other
 
Total at December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
At the beginning of the year
 
(599,522
)
 
(52,723
)
 
(38,652
)
 
(10,387
)
 
(701,284
)
 
 
 
 
 
 
 
 
 
 
 
Translation differences
 
5,634

 
360

 
169

 
181

 
6,344

Charges directly to other comprehensive income
 
—

 
—

 
—

 
(192
)
 
(192
)
Withholding tax on dividend distributions
 
—

 
—

 
—

 
(2,690
)
 
(2,690
)
Effect of changes in tax law
 
1,062

 
(103
)
 
1,433

 
6

 
2,398

Income statement credit (charge)
 
(33,137
)
 
3,829

 
9,000

 
10,032

 
(10,276
)
 
 
 
 
 
 
 
 
 
 
 
At the end of the year
 
(625,963
)
 
(48,637
)
 
(28,050
)
 
(3,050
)
 
(705,700
)
Deferred tax assets
 
Provisions
 
Trade
receivables
 
Tax losses
(2)
 
Other
 
Total at December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
At the beginning of the year
 
45,368

 
6,193

 
67,784

 
70,483

 
189,828

 
 
 
 
 
 
 
 
 
 
 
Translation differences
 
(2,399
)
 
(289
)
 
—

 
(305
)
 
(2,993
)
Charges directly to other comprehensive income
 
—

 
—

 
—

 
2,571

 
2,571

Effect of changes in tax law
 
17

 
(3
)
 
—

 
(384
)
 
(370
)
Income statement credit (charge)
 
10,202

 
1,587

 
(11,487
)
 
(6,847
)
 
(6,545
)
 
 
 
 
 
 
 
 
 
 
 
At the end of the year
 
53,188

 
7,488

 
56,297

 
65,518

 
182,491

(2) As of December 31, 2016, the recognized deferred tax assets on tax losses amount to USD 56,297 and there are no net unrecognized deferred tax assets
Schedule of deferred tax assets and liabilities
The amounts shown in the statement of financial position (prior to offsetting the balances within the same tax jurisdiction) include the following:
 
As of December 31,
 
2017
 
2016
 
 
 
 
Deferred tax assets to be recovered after more than 12 months
155,350

 
131,407

Deferred tax assets to be recovered within 12 months
69,978

 
51,084

Deferred tax liabilities to be settled after more than 12 months
(558,890
)
 
(653,503
)
Deferred tax liabilities to be settled within 12 months
(58,703
)
 
(52,197
)
 
 
 
 
 
(392,265
)
 
(523,209
)