XML 19 R16.htm IDEA: XBRL DOCUMENT
v3.20.1

Note 6 - Financial Results | 12 Months Ended
--- | ---
Dec. 31, 2019
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, |
|  | 2019 |  |  | 2018 |  |  | 2017 |
Interest Income |  |  | 48,061 |  |  |  | 42,244 |  |  |  | 51,525 |
Net result on changes in FV of financial assets at FVPL |  |  | (64 | ) |  |  | (2,388 | ) |  |  | (3,920 | )
Finance income (*) |  |  | 47,997 |  |  |  | 39,856 |  |  |  | 47,605 |
Finance cost |  |  | (43,381 | ) |  |  | (36,942 | ) |  |  | (27,072 | )
Net foreign exchange transactions results (**) |  |  | 27,868 |  |  |  | 28,845 |  |  |  | (48,955 | )
Foreign exchange derivatives contracts results (***) |  |  | (11,616 | ) |  |  | 6,576 |  |  |  | (8,996 | )
Other |  |  | (1,585 | ) |  |  | (1,035 | ) |  |  | 14,392 |
Other financial results |  |  | 14,667 |  |  |  | 34,386 |  |  |  | (43,559 | )
Net financial results |  |  | 19,283 |  |  |  | 37,300 |  |  |  | (23,026 | )
From discontinued operations |  |  | - |  |  |  | - |  |  |  | 9 |
|  |  | 19,283 |  |  |  | 37,300 |  |  |  | (23,017 | )
(*) Finance Income: In 2019 and 2018 includes $7.6 and $3.6 million of interest related to instruments carried at FVPL, respectively. (**) Net foreign exchange transactions results: In 2019 mainly 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. In 2018 mainly 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 mainly 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. (***) Foreign exchange derivatives contracts results: In 2019 includes mainly losses on derivatives covering net payables in Argentine peso and in Euros and net receivables in Canadian dollar. In 2018 includes mainly gain on derivatives covering net receivables in Canadian dollar. In 2017 includes mainly losses on derivatives covering net receivables in Brazilian real and Canadian dollar and net payables in Argentine peso, partially offset by gains on derivatives covering net payables in Euro.

X
- Definition The disclosure of finance income (cost). [Refer: Finance income (cost)] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2019-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2019-en-r&anchor=para_10_e&doctype=Standard -URIDate 2019-03-27 + Details
Name: | ifrs-full_DisclosureOfFinanceIncomeExpenseExplanatory
Namespace Prefix: | ifrs-full_
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