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Note 6 - Financial Results
 12 Months Ended
Dec. 31, 2018
Statement Line Items [Line Items]  
Disclosure of finance income (cost) [text block]
6
Financial results
 
(all amounts in thousands of U.S. dollars)   Year ended December 31,  
    2018     2017     2016  
             
Interest Income    
42,244
      
51,525
      
60,405
  
Net result on changes in FV of financial assets at FVTPL    
(2,388
 )    
(3,920
 )    
5,799
  
Finance income (*)    
39,856
      
47,605
      
66,204
  
Finance cost    
(36,942
 )    
(27,072
 )    
(22,329
 )
Net foreign exchange transactions results (**)    
28,845
      
(48,955
 )    
(2,146
 )
Foreign exchange derivatives contracts results (***)    
6,576
      
(8,996
 )    
(31,310
 )
Other    
(1,035
 )    
14,392
      
11,447
  
Other financial results    
34,386
      
(43,559
 )    
(22,009
 )
Net financial results    
37,300
      
(23,026
 )    
21,866
  
From discontinued operations    
-
      
9
      
88
  
     
37,300
      
(23,017
 )    
21,954
  
 
(*) In
2018
includes
$3.6
million of interest related to instruments carried at FVTPL.
 
(**) In
2018
includes the result from the Argentine peso depreciation against the U.S. dollar on Peso denominated financial, trade, social and fiscal payables and receivables at Argentine subsidiaries with functional currency U.S. dollar, together with the positive impact from Euro depreciation against the U.S. dollar on Euro denominated intercompany liabilities in subsidiaries with functional currency U.S. Dollar, largely offset by an increase in currency translation adjustment reserve from our Italian subsidiary.
 
In
2017
includes the negative impact from Euro appreciation against the U.S. dollar on Euro denominated intercompany liabilities in subsidiaries with functional currency U.S. Dollar, largely offset by an increase in currency translation adjustment reserve from our Italian subsidiary.
 
(***) In
2016
includes the negative impact from Brazilian Real appreciation against the U.S. dollar on hedging instruments and of Cash and cash equivalent and other investments denominated in U.S. dollar in subsidiaries with functional currency Brazilian Real, partially offset by an increase in currency translation adjustment reserve from the Brazilian subsidiaries.