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Short-Term Debt | 12 Months Ended
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Dec. 31, 2024
Short-Term Debt [Abstract] |
Short-term debt |
| 13. | 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 in third place. 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, 2024 and 2023, the amount of the bonds not exchanged totaled USD$ 0.3 million, plus accrued interest. At December 31, 2024 and 2023, liabilities in pesos for the bonds not exchanged amounted $ 6,194 and $ 5,102, 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 2024-01-01 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2024-en-r&anchor=para_10_e&doctype=Standard -URIDate 2024-03-27 + Details
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