XML 79 R34.htm IDEA: XBRL DOCUMENT
v3.20.1

Note 24 - Derivative Financial Instruments | 12 Months Ended
--- | ---
Dec. 31, 2019
Statement Line Items [Line Items] |
Disclosure of derivative financial instruments [text block] |
| 24 | Derivative financial instruments
Net fair values of derivative financial instruments The net fair values of derivative financial instruments, in accordance with IFRS 13, are:
|  | Year ended December 31,
|  | 2019 |  | 2018
Derivatives hedging borrowings and investments |  |  | 19,000 |  |  |  | 5,604 |
Other Derivatives |  |  | 929 |  |  |  | 3,621 |
Contracts with positive fair values (*) |  |  | 19,929 |  |  |  | 9,225 |
Derivatives hedging borrowings and investments |  |  | - |  |  |  | (11,667 | )
Other Derivatives |  |  | (1,814 | ) |  |  | (311 | )
Contracts with negative fair values |  |  | (1,814 | ) |  |  | (11,978 | )
Total |  |  | 18,115 |  |  |  | (2,753 | )
(*) In 2018 includes $52 thousand of non-current derivatives. Foreign exchange derivative contracts and hedge accounting Tenaris applies hedge accounting to certain cash flow hedges of highly probable forecast transactions. The net fair values of exchange rate derivatives and those derivatives that were designated for hedge accounting as of December 2019 and 2018, were as follows:
|  |  |  |  |  | Fair Value |  | Hedge Accounting Reserve
Purchase currency |  | Sell currency |  | Term |  | 2019 |  | 2018 |  | 2019 |  | 2018
MXN |  | USD |  |  | 2020 |  |  |  | 18,999 |  |  |  | 888 |  |  |  | 404 |  |  |  | (411 | )
USD |  | MXN |  |  | 2020 |  |  |  | (576 | ) |  |  | - |  |  |  | - |  |  |  | - |
ARS |  | USD |  |  | 2020 |  |  |  | - |  |  |  | (6,542 | ) |  |  | - |  |  |  | (895 | )
EUR |  | USD |  |  | 2020 |  |  |  | 588 |  |  |  | 203 |  |  |  | - |  |  |  | - |
USD |  | JPY |  |  | 2030 |  |  |  | - |  |  |  | - |  |  |  | 2,149 |  |  |  | - |
USD |  | BRL |  |  | 2020 |  |  |  | (234 | ) |  |  | (131 | ) |  |  | - |  |  |  | - |
JPY |  | USD |  |  | 2020 |  |  |  | (190 | ) |  |  | 271 |  |  |  | - |  |  |  | - |
USD |  | KWD |  |  | 2020 |  |  |  | 103 |  |  |  | 522 |  |  |  | 38 |  |  |  | 390 |
USD |  | CAD |  |  | 2020 |  |  |  | (200 | ) |  |  | 2,089 |  |  |  | - |  |  |  | - |
USD |  | COP |  |  | 2020 |  |  |  | (345 | ) |  |  | (23 | ) |  |  | - |  |  |  | - |
Others |  |  |  |  | 2020 |  |  |  | (30 | ) |  |  | (30 | ) |  |  | - |  |  |  | - |
Total |  |  |  |  |  |  |  |  | 18,115 |  |  |  | (2,753 | ) |  |  | 2,591 |  |  |  | (916 | )
Following is a summary of the hedge reserve evolution:
|  | Equity Reserve Dec-17 |  | Movements 2018 |  | Equity Reserve Dec-18 |  | Movements 2019 |  | Equity Reserve Dec-19
Foreign Exchange |  |  | (240 | ) |  |  | (676 | ) |  |  | (916 | ) |  |  | 3,507 |  |  |  | 2,591 |
Total Cash flow Hedge |  |  | (240 | ) |  |  | (676 | ) |  |  | (916 | ) |  |  | 3,507 |  |  |  | 2,591 |
Tenaris estimates that the cash flow hedge reserve corresponding to derivatives instruments at December 31, 2019 will be recycled to the Consolidated Income Statement during 2020. For information on lease liabilities, see Note 11.

X
- Definition The disclosure of derivative financial instruments. [Refer: Derivatives [member]] + 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_DisclosureOfDerivativeFinancialInstrumentsExplanatory
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