XML 59 R17.htm IDEA: XBRL DOCUMENT
v3.21.1

Note 7 - Financial Results | 12 Months Ended
--- | ---
Dec. 31, 2020
Disclosure of Financial Results [Abstract] |
Note 7 - Financial Results | 7 Financial results
(all amounts in thousands of U.S. dollars) |  | Year ended December 31, |
|  | 2020 |  |  | 2019 |  |  | 2018 |
Interest Income |  |  | 21,625 |  |  |  | 48,061 |  |  |  | 42,244 |
Net result on changes in FV of financial assets at FVPL |  |  | - |  |  |  | (64 | ) |  |  | (2,388 | )
Impairment result on financial assets at FVTOCI |  |  | (3,238 | ) |  |  | - |  |  |  | - |
Finance income (*) |  |  | 18,387 |  |  |  | 47,997 |  |  |  | 39,856 |
Finance cost |  |  | (27,014 | ) |  |  | (43,381 | ) |  |  | (36,942 | )
Net foreign exchange transactions results (**) |  |  | (74,422 | ) |  |  | 27,868 |  |  |  | 28,845 |
Foreign exchange derivatives contracts results (***) |  |  | 19,644 |  |  |  | (11,616 | ) |  |  | 6,576 |
Other |  |  | (1,590 | ) |  |  | (1,585 | ) |  |  | (1,035 | )
Other financial results |  |  | (56,368 | ) |  |  | 14,667 |  |  |  | 34,386 |
Net financial results |  |  | (64,995 | ) |  |  | 19,283 |  |  |  | 37,300 |
(*) Finance Income: In 2020, 2019 and 2018 includes $6.5, $7.6 and $3.6 million of interest relat ed to instruments carried at FV PL, respectively. (**) Net foreign exchange transactions results: In 2020 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. d ollar, largely offset by the currency translation adjustment reserve from our Italian subsidiary, together with the negative impact from Brazilian Real depreciation against the U.S. dollar on U.S. dollar denominated intercompany liabilities in subsidiaries with functional currency Brazilian Real, largely offset by the currency translation adjustment reser ve from our Brazilian subsidiaries. Also includes the negative result from the Mexican peso depreciation against the U.S. dol l ar on p eso denominated trade, social, fiscal and financial positions at Mexican subsidiaries with functional currency U.S. dollar. In 2019 mainly includes the result from the Argentine peso depreciation against the U.S. dollar on p eso 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 p eso 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. d ollar, largely offset by the currency translation adjustment reserve from our Italian subsidiary. (***) Foreign exchange derivatives contracts results: In 2020 includes mainly gain on derivatives covering net receivab les in Mexican peso, Brazilian re al and Canadian dollar and net payables in Euro. In 2019 includes mainly losses on derivatives covering net payables in Argentine peso and Euro and net receivables in Canadian dollar. In 2018 includes mainly gain on derivatives covering net receivables in Canadian dollar.

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_DisclosureOfFinancialResultsAbstract
Namespace Prefix: | ts_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration