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Note 19 - Deferred Income Tax
 12 Months Ended
Dec. 31, 2018
Statement Line Items [Line Items]  
Disclosure of deferred taxes [text block]
19
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    
744,926
      
34,934
      
55,585
      
835,445
  
Effect of adoption of new standards    
-
      
-
      
35
      
35
  
Translation differences    
(876
 )    
-
      
92
      
(784
 )
Charged directly to other comprehensive income    
-
      
-
      
288
      
288
  
Income statement charge    
(33,055
 )    
(9,886
 )    
(9,468
 )    
(52,409
 )
At December 31, 2018    
710,995
      
25,048
      
46,532
      
782,575
  
 
19
Deferred income tax (Cont.)
 
Deferred tax liabilities (Cont.)
   
Fixed
assets (*)
   Inventories  
Intangible and
Other
   Total
At the beginning of the year    
625,488
      
36,891
      
152,281
      
814,660
  
Translation differences    
2,241
      
(2
 )    
23
      
2,262
  
Charged directly to other comprehensive income    
-
      
-
      
(583
 )    
(583
 )
Income statement credit (charge)    
117,197
      
(1,955
 )    
(96,136
 )    
19,106
  
At December 31, 2017    
744,926
      
34,934
      
55,585
      
835,445
  
 
(*) Includes the effect of currency translation on tax base (See Note
7
).
 
Deferred tax assets
   
Provisions
and
allowances
   Inventories  
Tax
losses (*)
   Other   Total
At the beginning of the year    
(26,475
 )    
(89,555
 )    
(354,944
 )    
(60,033
 )    
(531,007
 )
Effect of adoption of new standards    
952
      
-
      
-
      
(164
 )    
788
  
Translation differences    
2,532
      
1,447
      
1,014
      
(38
 )    
4,955
  
Charged directly to other comprehensive income    
23
      
-
      
-
      
1,587
      
1,610
  
Income statement charge / (credit)    
6,852
      
1,523
      
(42,327
 )    
(27,536
 )    
(61,488
 )
At December 31, 2018    
(16,116
 )    
(86,585
 )    
(396,257
 )    
(86,184
 )    
(585,142
 )
 
(*) As of
December 31, 2018,
the net unrecognized deferred tax assets amount to
$127.3
million.
 
   
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
 )
 
The estimated recovery analysis of deferred tax assets and deferred tax liabilities is as follows:
 
    Year ended December 31,
    2018   2017
Deferred tax assets to be recovered after 12 months    
(452,330
 )    
(405,416
 )
Deferred tax liabilities to be recovered after 12 months    
739,670
      
808,108
  
 
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,
    2018   2017
Deferred tax assets    
(181,606
 )    
(153,532
 )
Deferred tax liabilities    
379,039
      
457,970
  
     
197,433
      
304,438
  
 
The movement in the net deferred income tax liability account is as follows:
    Year ended December 31,
    2018   2017
At the beginning of the year    
304,438
      
406,044
  
Effect of adoption of new standards    
823
      
-
  
Translation differences    
4,171
      
783
  
Charged directly to Other Comprehensive Income    
1,898
      
(1,361
 )
Income statement credit    
(113,897
 )    
(101,028
 )
At the end of the year    
197,433
      
304,438