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FINANCIAL RISK MANAGEMENT (Tables)

12 Months Ended

Dec. 31, 2017

Disclosure of notes and other explanatory information [Abstract]

Sensitivity analysis for types of market risk

The following table shows a breakdown of Ternium’s assessed financial position exposure to currency risk as of December 31, 2017. These balances include intercompany positions where the intervening parties have different functional currencies.

		Functional currency
USD million Exposure to		USD			ARS
US dollar (USD)		—			(102	)
EU euro (EUR)		14			(5	)
Argentine peso (ARS)		—			—
Mexican peso (MXN)		(434	)		—
Brazilian real (BRL)		(194	)		(3	)
Colombian peso (COP)		21			—
Other currencies		(2	)		—

Disclosure of credit risk exposure

The carrying amounts of the Company’s trade and other receivables as of December 31, 2017, are denominated in the following currencies:

Currency		USD million
US dollar (USD)		971
EU euro (EUR)		27
Argentine peso (ARS)		53
Mexican peso (MXN)		163
Brazilian real (BRL)		760
Colombian peso (COP)		76
Other currencies		1
		2,051

Disclosure of how the entity manages liquidity risk

The table below analyses financial liabilities into relevant maturity groups based on the remaining period at the date of the statement of financial position to the contractual maturity date. The amounts disclosed in the table are the contractual undiscounted cash flows.

USD million	2018			2019			2020			2021			Thereafter
Borrowings	1,506			423			430			411			452
Interests to be accrued (1)	76			45			32			20			10
Trade payables and other liabilities	909			22			15			14			16
Total	2,491			490			477			445			478

(1) These amounts do not include the effect of derivative financial instruments.

Disclosure of financial assets

As of December 31, 2017 (in USD thousands)		Loans and receivables			Assets at fair value through profit and loss			Held to maturity			Total
(i) Assets as per statement of financial position
Receivables		488,718			—			—			488,718
Derivative financial instruments		—			2,304			—			2,304
Trade receivables		1,011,430			—			—			1,011,430
Other investments		30,231			99,505			6,129			135,865
Cash and cash equivalents		101,444			236,335			—			337,779
Total		1,631,823			338,144			6,129			1,976,096

As of December 31, 2016 (in thousands)		Loans and receivables			Assets at fair value through profit and loss			Held to maturity			Total
(i) Assets as per statement of financial position
Receivables		127,241			—			—			127,241
Derivative financial instruments		—			316			—			316
Trade receivables		635,015			—			—			635,015
Other investments		52,995			83,117			14,739			150,851
Cash and cash equivalents		83,437			100,026			—			183,463
Total		898,688			183,459			14,739			1,096,886

Disclosure of financial liabilities

As of December 31, 2016 (in thousands)		Derivatives			Other financial liabilities			Held to maturity			Total
(ii) Liabilities as per statement of financial position
Other liabilities		—			35,107			—			35,107
Trade payables		—			580,941			—			580,941
Derivative financial instruments		287			—			—			287
Borrowings		—			1,218,635			—			1,218,635
Total		287			1,834,683			—			1,834,970

As of December 31, 2017 (in USD thousands)		Derivatives			Other financial liabilities			Held to maturity			Total
(ii) Liabilities as per statement of financial position
Other liabilities		—			116,549			—			116,549
Trade payables		—			860,767			—			860,767
Derivative financial instruments		6,001			—			—			6,001
Finance lease liabilities		—			77,035			—			77,035
Borrowings		—			3,221,907			—			3,221,907
Total		6,001			4,276,258			—			4,282,259

Disclosure of financial instruments at fair value through profit or loss

The following table presents the assets and liabilities that are measured at fair value as of December 31, 2017 and 2016:

		Fair value measurements as of December 31, 2017
		(in USD thousands):
Description		Total			Level 1			Level 2
Financial assets at fair value through profit or loss
Cash and cash equivalents		236,335			236,335			—
Other investments		99,505			99,505			—
Derivative financial instruments		2,304			—			2,304
Total assets		338,144			335,840			2,304
Financial liabilities at fair value through profit or loss
Derivative financial instruments		6,001			—			6,001
Total liabilities		6,001			—			6,001

		Fair value measurements as of December 31, 2016
		(in USD thousands):
Description		Total			Level 1			Level 2
Financial assets at fair value through profit or loss
Cash and cash equivalents		100,026			100,026			—
Other investments		83,117			78,105			5,012
Derivative financial instruments		316			—			316
Total assets		183,459			178,131			5,328
Financial liabilities at fair value through profit or loss
Derivative financial instruments		287			—			287
Total liabilities		287			—			287

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The disclosure of how the entity manages its liquidity risk. [Refer: Liquidity risk [member]]

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The disclosure of the credit risk exposure. Credit risk exposure is the credit risk inherent in an entity’s financial assets and commitments to extend credit.

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