XML 20 R5.htm IDEA: XBRL DOCUMENT v3.19.1
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, 2015 $ 4,802,997 $ 2,004,743 [1],[2] $ (150,000) [1],[2] $ (23,295) [1] $ 1,444,394 [1],[3] $ (2,324,866) [1],[4] $ (2,300,335) [1] $ 5,382,507 [1] $ 4,033,148 [1] $ 769,849  
Profit for the year 706,929             595,644 [1] 595,644 [1] 111,285  
Other comprehensive income (loss) for the year                      
Currency translation adjustment (87,807)           (36,594) [1]   (36,594) [1] (51,213)  
Remeasurement of post employment benefit obligations (27,981)       (25,749) [1],[3]       (25,749) [1] (2,232)  
Cash flow hedges and others, net of tax 449       229 [1],[3]       229 [1] 220  
Others (488)       1,297 [1],[3]       1,297 [1] (1,785)  
Comprehensive income 591,102       (24,223) [1],[3]   (36,594) [1] 595,644 [1] 534,827 [1] 56,275  
Dividends paid in cash [5] (176,677)             (176,677) [1] (176,677) [1] 0  
Dividends paid in cash to non-controlling interest [6] (50,829)                 (50,829)  
Ending balance at Dec. 31, 2016 $ 5,166,593 2,004,743 [1],[2],[7],[8] $ (150,000) [1],[2],[7],[8] (23,295) [1],[7] 1,420,171 [1],[3],[7],[9] (2,324,866) [1],[4],[7],[10] (2,336,929) [1],[7] 5,801,474 [1],[7] 4,391,298 [1],[7] 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                    
Number of shares authorised (in shares) 3,500,000,000.0                    
Par value per share (in dollars per share) $ 1.00                    
Number of shares issued (in shares) 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)                    
Other reserves                     $ (88,500)
Profit for the year 1,022,927             886,219 [7] 886,219 [7] 136,708  
Currency translation adjustment (104,393)           (66,735) [7]   (66,735) [7] (37,658)  
Remeasurement of post employment benefit obligations (6,198)       (4,642) [7],[9]       (4,642) [7] (1,556)  
Cash flow hedges and others, net of tax 628       504 [7],[9]       504 [7] 124  
Others 95       88 [7],[9]       88 [7] 7  
Comprehensive income 913,059       (4,050) [7],[9] 0 [7],[10] (66,735) [7] 886,219 [7] 815,434 [7] 97,625  
Dividends paid in cash [11] (196,308)             (196,308) [7] (196,308) [7] 0  
Dividends paid in cash to non-controlling interest [12] (30,573)                 (30,573)  
Ending balance at Dec. 31, 2017 $ 5,852,771 2,004,743 [7],[8],[13],[14] $ (150,000) [7],[8],[13],[14] (23,295) [7],[13] 1,416,121 [7],[9],[13],[15] (2,324,866) [7],[10],[13],[16] (2,403,664) [7],[13] 6,491,385 [7],[13] 5,010,424 [7],[13] 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                    
Number of shares authorised (in shares) 3,500,000,000.0                    
Par value per share (in dollars per share) $ 1.00                    
Number of shares issued (in shares) 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)                    
Other reserves                     (88,500)
Profit for the year 1,662,132             1,506,647 [13] 1,506,647 [13] 155,485  
Currency translation adjustment (449,981)           (298,813) [13]   (298,813) [13] (151,168)  
Remeasurement of post employment benefit obligations (32,784)       (29,418) [13],[15]       (29,418) [13] (3,366)  
Cash flow hedges and others, net of tax (205)       (288) [13],[15]       (288) [13] 83  
Others (1,312)       (1,164) [13],[15]       (1,164) [13] (148)  
Comprehensive income 1,177,850       (30,870) [13],[15]   (298,813) [13] 1,506,647 [13] 1,176,964 [13] 886  
Dividends paid in cash [17] (215,938)             (215,938) [13] (215,938) [13] 0  
Dividends paid in cash to non-controlling interest [18] (29,006)                 (29,006)  
Inflation effect on dividends paid to non-controlling interest (note 4 (cc)) 8,066                 8,066  
Ending balance at Dec. 31, 2018 $ 7,484,576 $ 2,004,743 [13],[14] $ (150,000) [13],[14] $ (23,295) [13] $ 1,385,701 [13],[15] $ (2,324,866) [13],[16] $ (2,702,477) [13] $ 8,203,449 [13] $ 6,393,255 [13] $ 1,091,321  
Other comprehensive income (loss) for the year                      
Dividends paid, per share $ 0.11                    
Dividends paid, USD per ADS $ 1.10                    
Dividends not paid on Treasury Shares $ 4,600                    
Number of shares authorised (in shares) 3,500,000,000.0                    
Par value per share (in dollars per share) $ 1.00                    
Number of shares issued (in shares) 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 $ 500                    
Other reserves                     $ (88,500)
[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 $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.
[3] Include mainly legal reserve under Luxembourg law for $200.5 million, undistributable reserves under Luxembourg law for $1.4 billion, hedge accounting reserve, net of tax effect, for $(0.4) million and reserves related to the acquisition of non-controlling interest in subsidiaries for $(88.5) million.
[4] Represents the difference between book value of non-monetary contributions received from shareholders under Luxembourg GAAP and IFRS.
[5] Represents $0.090 per share ($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 $3.7 million were included in equity as less dividend paid.
[6] Corresponds to the dividends paid by Ternium Argentina S.A.
[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 $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.
[9] Include mainly legal reserve under Luxembourg law for $200.5 million, undistributable reserves under Luxembourg law for $1.4 billion, hedge accounting reserve, net of tax effect, for $(0.6) million and reserves related to the acquisition of non-controlling interest in subsidiaries for $(88.5) million.
[10] Represents the difference between book value of non-monetary contributions received from shareholders under Luxembourg GAAP and IFRS.
[11] Represents $0.10 per share ($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 $4.2 million were included in equity as less dividend paid.
[12] Corresponds to the dividends paid by Ternium Argentina S.A
[13] Shareholders’ equity determined in accordance with accounting principles generally accepted in Luxembourg is disclosed in Note 25 (iii).
[14] The Company has an authorized share capital of a single class of 3.5 billion shares having a nominal value of $1.00 per share. As of December 31, 2018, there were 2,004,743,442 shares issued. All issued shares are fully paid. Also, as of December 31, 2018, the Company held 41,666,666 shares as treasury shares.
[15] Include mainly legal reserve under Luxembourg law for $200.5 million, undistributable reserves under Luxembourg law for $1.4 billion, hedge accounting reserve, net of tax effect, for $0.5 million and reserves related to the acquisition of non-controlling interest in subsidiaries for $(88.5) million.
[16] Represents the difference between book value of non-monetary contributions received from shareholders under Luxembourg GAAP and IFRS.
[17] Represents $0.11 per share ($1.10 per ADS). Related to the dividends distributed on May 2, 2018, and as 41,666,666 shares are held as treasury shares by Ternium, the dividends attributable to these treasury shares amounting to $4.6 million were included in equity as less dividend paid.
[18] Corresponds to the dividends paid by Ternium Argentina S.A