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RELATED PARTY TRANSACTIONS | 12 Months Ended
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Dec. 31, 2022
Disclosure of related party [Abstract] |
RELATED PARTY TRANSACTIONS | RELATED PARTY TRANSACTIONS As of December 31, 2022, Techint Holdings S.à r.l. (“Techint”) owned 62.02% of the Company’s share capital and Tenaris Investments S.à r.l. (“Tenaris”) held 11.46% of the Company’s share capital. Each of Techint and Tenaris were controlled by San Faustin S.A., a Luxembourg company (“San Faustin”). Rocca & Partners Stichting Administratiekantoor Aandelen San Faustin (“RP STAK”), a private foundation (Stichting) located in the Netherlands, held voting shares in San Faustin sufficient in number to control San Faustin. No person or group of persons controls RP STAK. For commitments with Related parties, see note 24. The following transactions were carried out with related parties:
|  | Year ended December 31,
|  | 2022 |  | 2021 |  | 2020
(i) Transactions |  |  |  |  |  |
(a) Sales of goods and services |  |  |  |  |  |
Sales of goods to non-consolidated parties |  | 720,137 |  |  | 950,792 |  |  | 432,511 |
Sales of goods to other related parties |  | 224,698 |  |  | 195,636 |  |  | 15,972 |
Sales of services and others to non-consolidated parties |  | 177 |  |  | 178 |  |  | 173 |
Sales of services and others to other related parties |  | 4,213 |  |  | 1,496 |  |  | 1,009 |
|  | 949,225 |  |  | 1,148,102 |  |  | 449,665 |
(b) Purchases of goods and services |  |  |  |  |  |
Purchases of goods from non-consolidated parties |  | 643,494 |  |  | 508,784 |  |  | 347,638 |
Purchases of goods from other related parties |  | 70,951 |  |  | 65,964 |  |  | 83,738 |
Purchases of services and others from non-consolidated parties |  | 13,735 |  |  | 10,279 |  |  | 9,421 |
Purchases of services and others from other related parties |  | 78,899 |  |  | 98,065 |  |  | 75,483 |
Purchases of goods and services in connection with lease contracts from other related parties |  | — |  |  | — |  |  | 201 |
|  | 807,079 |  |  | 683,092 |  |  | 516,481 |
(c) Financial results |  |  |  |  |  |
Income with non-consolidated parties |  | 8,298 |  |  | 6,256 |  |  | 7,182 |
Expenses in connection with lease contracts from other related parties |  | (976) |  |  | (1,013) |  |  | (1,484) |
|  | 7,322 |  |  | 5,243 |  |  | 5,698 |
(d) Dividends received |  |  |  |  |  |
Dividends from non-consolidated parties |  | 15,493 |  |  | 82,122 |  |  | 6,299 |
|  | 15,493 |  |  | 82,122 |  |  | 6,299 |
(e) Other income and expenses |  |  |  |  |  |
Income (expenses), net with non-consolidated parties |  | 3,300 |  |  | 1,029 |  |  | 765 |
Income (expenses), net with other related parties |  | 682 |  |  | 879 |  |  | 1,042 |
|  | 3,982 |  |  | 1,908 |  |  | 1,807 |
25. RELATED PARTY TRANSACTIONS (continued)
|  | As of December 31,
|  | 2022 |  | 2021
(ii) Year-end balances |  |  |  |
(a) Arising from sales/purchases of goods/services and other transactions |  |  |  |
Receivables from non-consolidated parties |  | 180,476 |  |  | 204,329 |
Receivables from other related parties |  | 43,765 |  |  | 26,690 |
Advances from non-consolidated parties |  | 4,851 |  |  | 5,383 |
Advances to suppliers with other related parties |  | 3,683 |  |  | 3,852 |
Payables to non-consolidated parties |  | (91,172) |  |  | (72,373) |
Payables to other related parties |  | (20,163) |  |  | (16,617) |
Lease liabilities with other related parties |  | (2,287) |  |  | (2,635) |
|  | 119,153 |  |  | 148,629 |
(iii) Officers and Directors’ compensation During the year ended December 31, 2022 the cash compensation of Officers and Directors amounted to $22,899 (2021: $18,137). In addition, Officers received 1,221,909 Units for a total amount of $7,220 (2021: $6,276) in connection with the incentive retention program mentioned in note 3 (o)(3).

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