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Note 10 - Property, Plant and Equipment, Net
12 Months Ended
Dec. 31, 2020
Disclosure of detailed information about property, plant and equipment [abstract]  
Note 10 - Property, Plant and Equipment, Net

10         Property, plant and equipment, net

 

(all amounts in thousands of U.S. dollars)

Year ended December 31, 2020


Land and
civil
buildings



Industrial
buildings,
plant and
production
equipment



Vehicles,
furniture
and
fixtures



Work in
progress



Spare
parts 
and
equipment



Total


 



 




 




 




 




 




 


Cost



 




 




 




 




 




 


Values at the beginning of the year



799,139




12,468,813




399,724




108,308




60,602




13,836,586


Currency translation adjustment



(545)




72,650




443




(2,095)




(162)




70,291


Increase due to business combinations (*)



39,622




440,366




7,195




16,255




 - 




503,438


Additions



1,451




1,524




620




157,315




6,845




167,755


Transfers / Reclassifications



5,881




157,473




15,586




(176,589)




 - 




2,351


Disposals / Consumptions



(5,964)




(61,281)




(8,811)




(968)




(5,392)




(82,416)


Values at the end of the year



839,584




13,079,545




414,757




102,226




61,893




14,498,005


 



 




 




 




 




 




 


Depreciation and impairment



 




 




 




 




 




 


Accumulated at the beginning of the year



121,468




7,302,135




322,966




 - 




 - 




7,746,569


Currency translation adjustment



(288)




56,560




405




 - 




 - 




56,677


Depreciation charge



11,368




492,973




26,198




 - 




 - 




530,539


Impairment charge (See note 5)



 - 




36,000




 - 




 - 




 - 




36,000


Transfers / Reclassifications



(1)




349




(475)




 - 




 - 




(127)


Disposals / Consumptions



(89)




(57,897)




(6,848)




 - 




 - 




(64,834)


Accumulated at the end of the year



132,458




7,830,120




342,246




 - 




 - 




8,304,824


At December 31, 2020



707,126




5,249,425




72,511




102,226




61,893




6,193,181


 

(all amounts in thousands of U.S. dollars)

 

Year ended December 31, 2019


Land and
civil
buildings



Industrial
buildings,
plant and
production
equipment



Vehicles,
furniture
and
fixtures



Work in
progress



Spare
parts 
and
equipment



Total


 



 




 




 




 




 




 


Cost



 




 




 




 




 




 


Values at the beginning of the year



732,578




12,121,569




377,260




127,378




63,197




13,421,982


Currency translation adjustment



(1,611)




(38,961)




(1,615)




(864)




(256)




(43,307)


Increase due to business combinations (**) 



59,468




115,908




1,733




1,630




 - 




178,739


Additions



16




1,178




1,107




299,412




12,202




313,915


Transfers / Reclassifications



8,723




296,272




28,349




(317,128)




(11,984)




4,232


Disposals / Consumptions



(35)




(27,153)




(7,110)




(2,120)




(2,557)




(38,975)


Values at the end of the year



799,139




12,468,813




399,724




108,308




60,602




13,836,586


 



 




 




 




 




 




 


Depreciation and impairment



 




 




 




 




 




 


Accumulated at the beginning of the year



110,914




6,936,900




310,260




 - 




 - 




7,358,074


Currency translation adjustment



(420)




(24,973)




(1,485)




 - 




 - 




(26,878)


Depreciation charge



11,409




415,826




20,080




 - 




 - 




447,315


Transfers / Reclassifications



(362)




(38)




 - 




 - 




 - 




(400)


Disposals / Consumptions



(73)




(25,580)




(5,889)




 - 




 - 




(31,542)


Accumulated at the end of the year



121,468




7,302,135




322,966




 - 




 - 




7,746,569


At December 31, 2019



677,671




5,166,678




76,758




108,308




60,602




6,090,017


 

(*) Related to IPSCO acquisition. See note 32.

(**) Related to SSPC acquisition. See note 32.

 

Property, plant and equipment include capitalized interests for net amounts at December 31, 2020 and 2019 of $33.6 million and $35.4 million, respectively. There were no interest capitalized during 2020 and 2019.

 

The carrying amounts of assets pledged as security for current and non-current borrowings are immaterial for the years 2020 and 2019.