XML 87 R72.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Note 28 - Net Assets of Disposal Group Classified As Held for Sale (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2017
Statement Line Items [Line Items] |
Disclosure of discontinued operations net income components [text block] |
|  | Year ended December 31, |
|  | 2017 |  |  | 2016 |
Income from discontinued operations |  |  | 1,848 |  |  |  | 41,411 |
After tax gain on the sale of Conduit |  |  | 89,694 |  |  |  | - |
Net Income for discontinued operations |  |  | 91,542 |  |  |  | 41,411 |
Disclosure of sale of discontinued operations [text block] |
Cash received |  |  | 331,295 |
Transaction and other costs |  |  | (3,663 | )
Carrying amount of net assets sold |  |  | (137,814 | )
Gain on sale before income tax |  |  | 189,817 |
Income tax expense on gain |  |  | (100,123 | )
Gain on sale after income tax |  |  | 89,694 |
Disclosure of discontinued operations [text block] |
(all amounts in thousands of US dollars, unless otherwise stated) |  | 2017 |  |  | 2016 |  |  | 2015 |
Net sales |  |  | 11,899 |  |  |  | 234,911 |  |  |  | 197,630 |
Cost of sales |  |  | (7,403 | ) |  |  | (136,587 | ) |  |  | (137,318 | )
Gross profit |  |  | 4,496 |  |  |  | 98,324 |  |  |  | 60,312 |
Selling, general and administrative expenses |  |  | (2,041 | ) |  |  | (32,238 | ) |  |  | (30,678 | )
Other operating income & expenses |  |  | (1 | ) |  |  | (248 | ) |  |  | (1 | )
Operating income |  |  | 2,454 |  |  |  | 65,838 |  |  |  | 29,633 |
Finance Income (expenses), net |  |  | (9 | ) |  |  | (88 | ) |  |  | (382 | )
Income before income tax |  |  | 2,445 |  |  |  | 65,750 |  |  |  | 29,251 |
Income tax |  |  | (597 | ) |  |  | (24,339 | ) |  |  | (10,121 | )
Net income |  |  | 1,848 |  |  |  | 41,411 |  |  |  | 19,130 |
Earnings per share attributable to discontinued operations: |  |  |  |  |  |  |  |  |  |  |  |
Weighted average number of ordinary shares (thousands) |  |  | 1,180,537 |  |  |  | 1,180,537 |  |  |  | 1,180,537 |
Discontinued operations: |  |  |  |  |  |  |  |  |  |  |  |
Basic and diluted earnings per share (U.S. dollars per share) |  |  | 0.00 |  |  |  | 0.04 |  |  |  | 0.02 |
Basic and diluted earnings per ADS (U.S. dollars per ADS) |  |  | 0.00 |  |  |  | 0.07 |  |  |  | 0.03 |
|  | 2017 |  |  | 2016 |  |  | 2015 |
Cash at the beginning |  |  | 18,820 |  |  |  | 15,343 |  |  |  | 13,848 |
Cash at the end |  |  | 206 |  |  |  | 18,820 |  |  |  | 15,343 |
(Decrease) Increase in cash |  |  | (18,614 | ) |  |  | 3,477 |  |  |  | 1,495 |
(Used in) provided by operating activities |  |  | (3,046 | ) |  |  | 24,535 |  |  |  | 42,701 |
Provided by (used in) investing activities |  |  | 32 |  |  |  | (1,058 | ) |  |  | (1,206 | )
Used in financing activities |  |  | (15,600 | ) |  |  | (20,000 | ) |  |  | (40,000 | )
ASSETS |  | At January 19, 2017 |  |  | At December 31, 2016 |
Non-current assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Property, plant and equipment, net |  |  | 41,438 |  |  |  |  |  |  |  | 41,470 |  |  |  |  |
Intangible assets, net (*) |  |  | 45,894 |  |  |  | 87,332 |  |  |  | 45,894 |  |  |  | 87,364 |
Current assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Inventories, net |  |  | 29,349 |  |  |  |  |  |  |  | 29,819 |  |  |  |  |
Receivables and prepayments, net |  |  | 1,157 |  |  |  |  |  |  |  | 451 |  |  |  |  |
Trade receivables, net |  |  | 38,620 |  |  |  |  |  |  |  | 33,620 |  |  |  |  |
Cash and cash equivalents |  |  | 206 |  |  |  | 69,332 |  |  |  | 163 |  |  |  | 64,053 |
Total assets of disposal group classified as held for sale |  |  |  |  |  |  | 156,664 |  |  |  |  |  |  |  | 151,417 |
LIABILITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-current liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deferred tax liabilities |  |  | 5,294 |  |  |  |  |  |  |  | 4,696 |  |  |  |  |
Other liabilities |  |  | - |  |  |  | 5,294 |  |  |  | 680 |  |  |  | 5,376 |
Current liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current tax liabilities |  |  | 65 |  |  |  |  |  |  |  | 4,100 |  |  |  |  |
Other liabilities |  |  | 2,913 |  |  |  |  |  |  |  | 1,668 |  |  |  |  |
Trade payables |  |  | 10,578 |  |  |  | 13,556 |  |  |  | 6,950 |  |  |  | 12,718 |
Total liabilities of disposal group classified as held for sale |  |  |  |  |  |  | 18,850 |  |  |  |  |  |  |  | 18,094 |

X
- Definition The disclosure of discontinued operations. [Refer: Discontinued operations [member]] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2017-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=1&date=2017-03-01&anchor=para_10_e&doctype=Standard -URIDate 2017-03-09 + Details
Name: | ifrs-full_DisclosureOfDiscontinuedOperationsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of discontinued operations net income components. + References No definition available. + Details
Name: | ts_DisclosureOfDiscontinuedOperationsNetIncomeComponentsTextBlock
Namespace Prefix: | ts_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The complete disclosure of the sale of discontinued operations. + References No definition available. + Details
Name: | ts_DisclosureOfSaleOfDiscontinuedOperationsTextBlock
Namespace Prefix: | ts_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | ts_StatementLineItems
Namespace Prefix: | ts_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration