XML 38 R17.htm IDEA: XBRL DOCUMENT
v3.23.1

Note 6 - Other Operating Income and Expenses | 12 Months Ended
--- | ---
Dec. 31, 2022
Disclosure of other operating income expense [abstract] |
Note 6 - Other Operating Income and Expenses | 6 Other operating income and expenses
| Year ended December 31, |
| 2022 |  |  | 2021 |  |  | 2020 |
Other operating income |  |  |  |  |  |  |  |
Net income from other sales | 28,161 |  |  | 10,694 |  |  | 9,891 |
Net rents | 5,084 |  |  | 5,314 |  |  | 5,501 |
Reclassification of currency translation adjustment reserve (*) | 71,252 |  |  | - |  |  | - |
Tax recovery in Brazilian subsidiaries (**) | - |  |  | 35,568 |  |  | 8,164 |
Other (***) | - |  |  | 16,290 |  |  | 9,837 |
Recovery on allowance for doubtful receivables | - |  |  | 379 |  |  | - |
| 104,497 |  |  | 68,245 |  |  | 33,393 |
Other operating expenses |  |  |  |  |  |  |  |
Contributions to welfare projects and non-profit organizations | 13,668 |  |  | 6,697 |  |  | 12,989 |
Securities Exchange Commission investigation settlement (****) | 78,100 |  |  | - |  |  | - |
Allowance for doubtful receivables | 346 |  |  | - |  |  | 1,263 |
Other | 12,595 |  |  | - |  |  | - |
| 104,709 |  |  | 6,697 |  |  | 14,252 |
(*) During 2022, as result of NKKTubes’ definitive cease of operations, the currency translation adjustment reserve belonging to the shareholders was reclassified to the income statement. For more information see note 35 “Other Relevant Information –A greement to terminate NKKTubes joint venture”. (**) On May 13, 2021, the Brazilian Supreme Court issued a final judgment which confirmed that the methodology for calculating PIS and COFINS (Federal Social Contributions on Gross Revenues) tax claims to which taxpayers are entitled to, should exclude from its base the total output of ICMS, calculated on a gross basis. This decision led to a recognition of approximately $53 million tax credit in Brazilian subsidiaries, out of which $36 million were recognized in other operating income and $17 million in financial results (impacting in Finance Income and Finance Cost). In addition the tax charge related to this gain amounted to $12 million. (***) On November 1, 2021 the Company transferred 100% of the shares of Geneva Structural Tubes LLC (“Geneva”) to MKK USA Inc., a subsidiary of Maruichi Steel Tube Ltd of Japan for an aggregate price of $24.3 million. The gain of this transaction ascended to approximately $6.8 million. (****) For more information see note 26 “Contingencies, commitments and restrictions to the distribution of profits - Contingencies - Petrobras-related proceedings and claims”.

X
- Definition The disclosure of other operating income or expense. [Refer: Other operating income (expense)] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_10_e&doctype=Standard -URIDate 2022-03-24 + Details
Name: | ifrs-full_DisclosureOfOtherOperatingIncomeExpenseExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | ts_DisclosureOfOtherOperatingIncomeExpenseAbstract
Namespace Prefix: | ts_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration