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Short-term debt | 12 Months Ended
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Dec. 31, 2018
Disclosure of detailed information about borrowings [abstract] |
Short-term debt |
12) | Short-term debt
On October 22, 1997 and August 17, 1998, the Company offered the holders of medium-term notes of Simec then outstanding, to exchange their bonds at par for new subordinated bonds. The new notes bear semi-annual interest at an annual rate of 10.5% interest and principal repayments were semiannual from May 15, 2000 until November 15, 2007. At December 31, 2018 and 2017, the amount of such notes outstanding totaled USD$ 0.3 million, plus accrued interest. At December 31, 2018 and 2017, liabilities in pesos for the new notes outstanding amounted $ 5,936 and $ 5,960, respectively.

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- Definition The disclosure of borrowings. [Refer: Borrowings] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2018-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=1&date=2018-03-01&anchor=para_10_e&doctype=Standard -URIDate 2018-03-16 + Details
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