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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