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Note 12 - Right-of-use Assets, Net and Lease Liabilities | 12 Months Ended
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Dec. 31, 2022
Presentation of leases for lessee [abstract] |
Note 12 - Right-of-use Assets, Net and Lease Liabilities | 12 Right-of-use assets, net and lease liabilities Right of use assets evolution
Year ended December 31, 2022 | Land and Civil Buildings |  |  | Industrial Buildings, Plant and Production Equipment |  |  | Vehicles, furniture and fixtures |  |  | Others |  |  | Total |
Cost |  |  |  |  |  |  |  |  |  |  |  |  |  |
Opening net book amount | 46,082 |  |  | 131,816 |  |  | 20,256 |  |  | - |  |  | 198,154 |
Currency translation adjustment | 52 |  |  | (414 | ) |  | (417 | ) |  | - |  |  | (779 | )
Additions | 15,872 |  |  | 31,778 |  |  | 7,674 |  |  | 1,182 |  |  | 56,506 |
Transfers / Reclassifications | (5,166 | ) |  | (1,317 | ) |  | 6,483 |  |  | - |  |  | - |
Disposals | (13,270 | ) |  | (36,186 | ) |  | (3,705 | ) |  | - |  |  | (53,161 | )
At December 31, 2022 | 43,570 |  |  | 125,677 |  |  | 30,291 |  |  | 1,182 |  |  | 200,720 |
Depreciation |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accumulated at the beginning of the year | 24,005 |  |  | 54,727 |  |  | 10,684 |  |  | - |  |  | 89,416 |
Currency translation adjustment | (9 | ) |  | (139 | ) |  | (251 | ) |  | - |  |  | (399 | )
Depreciation charge | 8,965 |  |  | 32,767 |  |  | 7,277 |  |  | 210 |  |  | 49,219 |
Transfers / Reclassifications | (3,974 | ) |  | 1,431 |  |  | 2,543 |  |  | - |  |  | - |
Disposals | (10,054 | ) |  | (35,992 | ) |  | (3,211 | ) |  | - |  |  | (49,257 | )
Accumulated at the end of the year | 18,933 |  |  | 52,794 |  |  | 17,042 |  |  | 210 |  |  | 88,979 |
At December 31, 2022 | 24,637 |  |  | 72,883 |  |  | 13,249 |  |  | 972 |  |  | 111,741 |
Year ended December 31, 2021 | Land and Civil Buildings |  |  | Industrial Buildings, Plant and Production Equipment |  |  | Vehicles, furniture and fixtures |  |  | Total |
Cost |  |  |  |  |  |  |  |  |  |  |
Opening net book amount | 41,932 |  |  | 273,358 |  |  | 18,615 |  |  | 333,905 |
Currency translation adjustment | (187 | ) |  | (592 | ) |  | (560 | ) |  | (1,339 | )
Additions | 6,010 |  |  | 10,127 |  |  | 6,189 |  |  | 22,326 |
Transfers / Reclassifications | - |  |  | (274 | ) |  | 277 |  |  | 3 |
Disposals (*) | (1,673 | ) |  | (150,803 | ) |  | (4,265 | ) |  | (156,741 | )
At December 31, 2021 | 46,082 |  |  | 131,816 |  |  | 20,256 |  |  | 198,154 |
Depreciation |  |  |  |  |  |  |  |  |  |  |
Accumulated at the beginning of the year | 15,142 |  |  | 67,993 |  |  | 8,817 |  |  | 91,952 |
Currency translation adjustment | (37 | ) |  | (177 | ) |  | (260 | ) |  | (474 | )
Depreciation charge | 9,882 |  |  | 35,964 |  |  | 5,589 |  |  | 51,435 |
Transfers / Reclassifications | - |  |  | 96 |  |  | (93) |  |  | 3 |
Disposals (*) | (982 | ) |  | (49,149 | ) |  | (3,369 | ) |  | (53,500 | )
Accumulated at the end of the year | 24,005 |  |  | 54,727 |  |  | 10,684 |  |  | 89,416 |
At December 31, 2021 | 22,077 |  |  | 77,089 |  |  | 9,572 |  |  | 108,738 |
(*) Includes net disposals of $96.6 million related to NKKTubes lease agreement re-measurement due to joint venture termination. Depreciation of right-of-use assets is mainly included in Tubes segment. Lease liability evolution
| Year ended December 31, |
| 2022 |  |  | 2021 |
Opening net book amount | 117,285 |  |  | 257,343 |
Translation differences | (3,922 | ) |  | (11,350 | )
Additions | 56,459 |  |  | 22,261 |
Cancellations (*) | (5,207 | ) |  | (103,329 | )
Repayments (**) | (55,874 | ) |  | (50,998 | )
Interest accrued | 3,436 |  |  | 3,358 |
At December 31, | 112,177 |  |  | 117,285 |
(*) For 2021, includes $95.8 million related to NKKTubes lease agreement re-measurement due to joint venture termination. (**) For 2022 includes repayments of $52.4 million in capital and $3.5 million of interest, and for 2021 includes repayments of $48.5 million in capital and $2.5 million of interest. As of December 2022, the amount of remaining payments with maturity less than 1 year, between 2 and 5 years and more than 5 years is approximately 25.5%, 47.5% and 27%, respectively. As of December 2021, the amount of remaining payments with maturity less than 1 year, between 2 and 5 years and more than 5 years was approximately 29.5%, 33.6% and 36.9%, respectively. Expenses related to short-term leases, leases of low value assets and variable leases (included in cost of sales and selling, general and administrative expense s) were not material for the years 2022 and 2021.

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