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Note 18 - Borrowings (Tables)

12 Months Ended

Dec. 31, 2018

Statement Line Items [Line Items]

Disclosure of detailed information about borrowings [text block]

		Year ended December 31,
		2018				2017
Non-current
Bank borrowings			29,214				34,626
Finance lease liabilities			-				59
Costs of issue of debt			(27	)			(40	)
			29,187				34,645
Current
Bank borrowings			508,143				930,957
Bank overdrafts			1,644				131
Finance lease liabilities			44				138
Costs of issue of debt			(11	)			(12	)
			509,820				931,214
Total Borrowings			539,007				965,859

Disclosure of detailed information about the maturity of borrowings [text block]

		1 year or less				1 - 2 years				2 – 3 years				3 - 4 years				4 - 5 years				Over 5 years				Total
At December 31, 2018
Financial lease			44				-				-				-				-				-				44
Other borrowings			509,776				4,271				4,771				20,145				-				-				538,963
Total borrowings			509,820				4,271				4,771				20,145				-				-				539,007

Interest to be accrued (*)			8,182				1,175				1,166				169												10,692
Total			518,002				5,446				5,937				20,314				-				-				549,699

		1 year or less				1 - 2 years				2 – 3 years				3 - 4 years				4 - 5 years				Over 5 years				Total
At December 31, 2017
Financial lease			138				59				-				-				-				-				197
Other borrowings			931,076				4,876				4,484				4,978				20,248				-				965,662
Total borrowings			931,214				4,935				4,484				4,978				20,248				-				965,859

Interest to be accrued (*)			14,512				1,212				1,203				1,190				174				-				18,290
Total			945,726				6,147				5,687				6,168				20,422				-				984,149

Disclosure of detailed information about significant borrowings [text block]

			In million of USD
Disbursement date	Borrower	Type	Original & Outstanding	Final maturity
2018	Tamsa	Bank loans	347	2019
2018	Siderca	Bank loans	66	2019
2018	TuboCaribe	Bank loan	50	May 2019

Disclosure of detailed information about weighted average interest rates of borrowings [text block]

		2018				2017
Total borrowings			3.98	%			3.73	%

Disclosure of detailed information about borrowings by currency and rate [text block]

				Year ended December 31,
Currency		Interest rates		2018				2017
USD		Fixed			18,762				19,120
EUR		Fixed			9,023				13,828
EUR		Variable			1,402				1,638
Others		Variable			-				59
Total non-current borrowings					29,187				34,645

				Year ended December 31,
Currency		Interest rates		2018				2017
USD		Variable			16,847				17,640
USD		Fixed			138,303				187,872
EUR		Variable			198				169
EUR		Fixed			4,178				839
MXN		Fixed			301,047				412,719
ARS		Fixed			49,125				311,829
Others		Variable			89				138
Others		Fixed			33				8
Total current borrowings					509,820				931,214

Disclosure of borrowings evolution [text block]

		Year ended December 31, 2018
		Non current				Current
At the beginning of the year			34,645				931,214
Translation differences			(623	)			(8,191	)
Proceeds and repayments, net			(1,330	)			(411,570	)
Interests accrued less payments			(5	)			(6,646	)
Reclassifications			(3,500	)			3,500
Overdrafts variation			-				1,513
At the end of the year			29,187				509,820