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DEFERRED INCOME TAX (Tables) | 12 Months Ended
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Dec. 31, 2020
Deferred income tax [Abstract] |
Schedule of changes in deferred income tax | Changes in deferred income tax are as follows:
|  | As of December 31,
|  | 2020 |  | 2019
At the beginning of the year |  | (239,740) |  |  | (340,207) |
Translation differences |  | (36) |  |  | 25,166 |
Effect of changes in tax law (note 10) |  | — |  |  | 16,979 |
Credits directly to other comprehensive income |  | 12,100 |  |  | 19,537 |
Deferred tax credit (note 10) |  | 39,894 |  |  | 38,785 |
At the end of the year |  | (187,782) |  |  | (239,740) |
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, 2020
At the beginning of the year |  | (437,376) |  |  | (63,460) |  |  | (17,109) |  |  | (1,189) |  |  | (519,134) |
Translation differences |  | 46 |  |  | — |  |  | — |  |  | — |  |  | 46 |
Income statement credit (charge) |  | 11,190 |  |  | 33,273 |  |  | (3,601) |  |  | (832) |  |  | 40,030 |
At the end of the year |  | (426,140) |  |  | (30,187) |  |  | (20,710) |  |  | (2,021) |  |  | (479,058) |
Deferred tax assets |  | Provisions |  | Trade receivables |  | Tax losses (1) |  | Other |  | Total at December 31, 2020
At the beginning of the year |  | 45,654 |  |  | 10,200 |  |  | 42,766 |  |  | 180,774 |  |  | 279,394 |
Translation differences |  | — |  |  | — |  |  | — |  |  | (82) |  |  | (82) |
Credits directly to other comprehensive income |  | — |  |  | — |  |  | — |  |  | 12,100 |  |  | 12,100 |
Income statement credit (charge) |  | 6,688 |  |  | (1,014) |  |  | (11,682) |  |  | 5,873 |  |  | (136) |
At the end of the year |  | 52,342 |  |  | 9,186 |  |  | 31,084 |  |  | 198,665 |  |  | 291,276 |
(1) As of December 31, 2020, the recognized deferred tax assets on tax losses amount to $31,084 and there are net unrecognized deferred tax assets of $0.2 billion and unrecognized tax losses amounting to $1.0 billion. These two last effects are connected to the acquisition of Ternium Brasil Ltda.
Deferred tax liabilities |  | PP&E |  | Inventories |  | Intangible assets |  | Other |  | Total at December 31, 2019
At the beginning of the year |  | (522,455) |  |  | (41,316) |  |  | (15,926) |  |  | (1,088) |  |  | (580,785) |
Translation differences |  | 27,077 |  |  | 2,604 |  |  | 316 |  |  | — |  |  | 29,997 |
Income statement credit (charge) |  | 58,002 |  |  | (24,748) |  |  | (1,499) |  |  | (101) |  |  | 31,654 |
At the end of the year |  | (437,376) |  |  | (63,460) |  |  | (17,109) |  |  | (1,189) |  |  | (519,134) |
Deferred tax assets |  | Provisions |  | Trade receivables |  | Tax losses (2) |  | Other |  | Total at December 31, 2019
At the beginning of the year |  | 72,947 |  |  | 11,265 |  |  | 33,382 |  |  | 122,984 |  |  | 240,578 |
Translation differences |  | (572) |  |  | (539) |  |  | — |  |  | (3,720) |  |  | (4,831) |
Credits directly to other comprehensive income |  | — |  |  | — |  |  | — |  |  | 19,537 |  |  | 19,537 |
Effect of changes in tax law |  | — |  |  | — |  |  | — |  |  | 16,979 |  |  | 16,979 |
Income statement credit (charge) |  | (26,721) |  |  | (526) |  |  | 9,384 |  |  | 24,994 |  |  | 7,131 |
At the end of the year |  | 45,654 |  |  | 10,200 |  |  | 42,766 |  |  | 180,774 |  |  | 279,394 |
(2) As of December 31, 2019, the recognized deferred tax assets on tax losses amount to $42,766 and there are net unrecognized deferred tax assets of $0.4 billion and unrecognized tax losses amounting to $1.4 billion. These two last effects are connected to the acquisition of Ternium Brasil Ltda.
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,
|  |  |  |  |  | 2020 |  | 2019
Deferred tax assets to be recovered after more than 12 months |  |  |  |  |  | 200,639 |  |  | 203,607 |
Deferred tax assets to be recovered within 12 months |  |  |  |  |  | 90,637 |  |  | 75,787 |
Deferred tax liabilities to be settled after more than 12 months |  |  |  |  |  | (446,891) |  |  | (454,763) |
Deferred tax liabilities to be settled within 12 months |  |  |  |  |  | (32,167) |  |  | (64,371) |
|  |  |  |  |  | (187,782) |  |  | (239,740) |

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