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Note 20 - Deferred Income Tax | 12 Months Ended
--- | ---
Dec. 31, 2017
Statement Line Items [Line Items] |
Disclosure of deferred taxes [text block] |
20 |  | Deferred income tax
Deferred income taxes are calculated in full on temporary differences under the liability method using the tax rate of each country. The evolution of deferred tax assets and liabilities during the year are as follows: Deferred tax liabilities
|  | Fixed assets |  |  | Inventories |  |  | Intangible and Other (*) |  |  | Total |
At the beginning of the year |  |  | 263,056 |  |  |  | 36,891 |  |  |  | 514,713 |  |  |  | 814,660 |
Translation differences |  |  | 2,243 |  |  |  | (2 | ) |  |  | 21 |  |  |  | 2,262 |
Charged directly to other comprehensive income |  |  | - |  |  |  | - |  |  |  | (583 | ) |  |  | (583 | )
Income statement credit (charge) |  |  | 207,605 |  |  |  | (1,955 | ) |  |  | (186,544 | ) |  |  | 19,106 |
At December 31, 2017 |  |  | 472,904 |  |  |  | 34,934 |  |  |  | 327,607 |  |  |  | 835,445 |
|  | Fixed assets |  |  | Inventories |  |  | Intangible and Other (*) |  |  | Total |
At the beginning of the year |  |  | 299,139 |  |  |  | 42,516 |  |  |  | 549,557 |  |  |  | 891,212 |
Translation differences |  |  | (540 | ) |  |  | - |  |  |  | 44 |  |  |  | (496 | )
Charged directly to other comprehensive income |  |  | - |  |  |  | - |  |  |  | (40 | ) |  |  | (40 | )
Transfer to assets held for sale |  |  | (5,724 | ) |  |  | - |  |  |  | - |  |  |  | (5,724 | )
Income statement charge |  |  | (29,819 | ) |  |  | (5,625 | ) |  |  | (34,848 | ) |  |  | (70,292 | )
At December 31, 2016 |  |  | 263,056 |  |  |  | 36,891 |  |  |  | 514,713 |  |  |  | 814,660 |
(*) Includes the effect of currency translation on tax base (see Note 8 ). Deferred tax assets
|  | Provisions and allowances |  |  | Inventories |  |  | Tax losses (*) |  |  | Other |  |  | Total |
At the beginning of the year |  |  | (33,276 | ) |  |  | (94,176 | ) |  |  | (199,326 | ) |  |  | (81,838 | ) |  |  | (408,616 | )
Translation differences |  |  | (223 | ) |  |  | (972 | ) |  |  | 322 |  |  |  | (606 | ) |  |  | (1,479 | )
Charged directly to other comprehensive income |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (778 | ) |  |  | (778 | )
Income statement charge / (credit) |  |  | 7,024 |  |  |  | 5,593 |  |  |  | (155,940 | ) |  |  | 23,189 |  |  |  | (120,134 | )
At December 31, 2017 |  |  | (26,475 | ) |  |  | (89,555 | ) |  |  | (354,944 | ) |  |  | (60,033 | ) |  |  | (531,007 | )
(*) As of December 31, 2017, the net unrecognized deferred tax assets amount to $98.8 million.
|  | Provisions and allowances |  |  | Inventories |  |  | Tax losses |  |  | Other |  |  | Total |
At the beginning of the year |  |  | (32,425 | ) |  |  | (107,378 | ) |  |  | (99,394 | ) |  |  | (102,396 | ) |  |  | (341,593 | )
Translation differences |  |  | (3,123 | ) |  |  | (1,347 | ) |  |  | (2,741 | ) |  |  | 14 |  |  |  | (7,197 | )
Transfer to assets held for sale |  |  | - |  |  |  | 275 |  |  |  | - |  |  |  | 753 |  |  |  | 1,028 |
Charged directly to other comprehensive income |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1,823 |  |  |  | 1,823 |
Income statement charge / (credit) |  |  | 2,272 |  |  |  | 14,274 |  |  |  | (97,191 | ) |  |  | 17,968 |  |  |  | (62,677 | )
At December 31, 2016 |  |  | (33,276 | ) |  |  | (94,176 | ) |  |  | (199,326 | ) |  |  | (81,838 | ) |  |  | (408,616 | )
The recovery analysis of deferred tax assets and deferred tax liabilities is as follows:
|  | Year ended December 31, |
|  | 2017 |  |  | 2016 |
Deferred tax assets to be recovered after 12 months |  |  | (405,416 | ) |  |  | (226,431 | )
Deferred tax liabilities to be recovered after 12 months |  |  | 808,108 |  |  |  | 761,039 |
Deferred income tax assets and liabilities are offset when ( 1 ) there is a legally enforceable right to set-off current tax assets against current tax liabilities and ( 2 ) when the deferred income taxes relate to the same fiscal authority on either the same taxable entity or different taxable entities where there is an intention to settle the balances on a net basis. The following amounts, determined after appropriate set-off, are shown in the Consolidated Statement of Financial Position:
|  | Year ended December 31, |
|  | 2017 |  |  | 2016 |
Deferred tax assets |  |  | (153,532 | ) |  |  | (144,613 | )
Deferred tax liabilities |  |  | 457,970 |  |  |  | 550,657 |
|  |  | 304,438 |  |  |  | 406,044 |
The movement in the net deferred income tax liability account is as follows:
|  | Year ended December 31, |
|  | 2017 |  |  | 2016 |
At the beginning of the year |  |  | 406,044 |  |  |  | 549,619 |
Translation differences |  |  | 783 |  |  |  | (7,693 | )
Charged directly to Other Comprehensive Income |  |  | (1,361 | ) |  |  | 1,783 |
Income statement credit |  |  | (101,028 | ) |  |  | (132,969 | )
Transfer to assets held for sale |  |  | - |  |  |  | (4,696 | )
At the end of the year |  |  | 304,438 |  |  |  | 406,044 |

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